Hello I am thinking about create some FinTech apps but I concerned about how I would safely hold user's money? Has anyone done something similar? There has to a way to do because companies like Venmo exist but how does an individual person set this up?
As a single person, the best way to do it is to not actually hold the money and let someone else handle it.<p>There are companies out there such as MangoPay (not affiliated, just an example) that can give you an API through which you can collect & release money without ever having direct access to it.<p>There's probably still some compliance/regulatory stuff that you'll need to get through but I'm sure such a company will be able to offer advice (they want your business after all).