Mihai Ivascu started MoneyMailMe during an MBA at the International University of Monaco. He says you need a b-school education if you want to be a successful entrepreneur
I don’t believe in self-made millionaire entrepreneurs,” says Romanian innovator Mihai Ivascu. For Mihai, to be a successful entrepreneur you need a business school education.
In 2015, Mihai started MoneyMailMe, a financial technology - fintech - platform revolutionizing money transfers, during an MBA. Now, it’s worth over $30 million.
A serial entrepreneur, Mihai started at just 16, setting up an internet café in his hometown of Bucharest. At 18, he created his first media company. At 23, he launched Hotel Deals, the Groupon for the travel industry.
Aged 28, he chose the International University of Monaco (IUM) over the prestigious Harvard Business School (HBS) for his MBA.
Why? The intimate class size, an entrepreneurship and innovation management specialization, and unrivalled access to business partners, mentors and investors. At IUM, a quarter of MBA grads go on to start their own businesses.
How did the idea to start MoneyMailMe come about?
I wanted to create a project with a global footprint in a so-called sexy domain, like fintech. I also wanted to solve a very simple problem. Living in an international place like Monaco, everybody has their own currency in their wallet. It’s quite hard to exchange money between us and to pay back friends.
I asked myself: why is it so hard to transfer money internationally? In Monaco, it costs $50 per transaction. In some cou... Read the full article in BusinessBecause online