“Studying at UNYP taught me how to see the big picture and structure the way I think,” says Radek Musil, CEO of Fundlift. “Thanks to the various topics covered in the Business Administration major at UNYP, I gained knowledge of different business fields that led me to where I am today.”
After graduating from the University of New York in Prague as valedictorian, Radek was accepted into a Master’s program at London School of Economics. It was during that time that he met a couple of senior investment bankers who led him back to Prague. They launched a new financial company known as Roklen that would combine traditional financial services with cutting-edge technology.
The company has launched products that haven’t been available in the Czech Republic before. “New products are being launched that don’t exist before and traditional services can be provided cheaper and faster,” Musil says.
Roklen became the mother company of Fundlift, a crowdfunding platform unlike any other in the Czech Republic. “On one hand, there was a large number of interesting projects that were seeking to finance,” Musil says, “and on the other, there were retail investors who were looking for ways to invest even small amounts of funds.”
Fundlift provides benefits for both companies and the people who invest. Since Roklen has full-scale licenses from the Czech National Bank, Musil and his colleagues can take care of the issue of securities in-house. Fundlift users can invest in bonds, convertible debt and straight equity offered by individual projects, something that no other platform offers.
With the launch of Fundlift, startups have another option besides seeking funding from their families and friends or from local venture capital funds. On the investors´ side, there also weren´t many options how to place even small amounts of funds. “An online platform that would connect these two parties seemed a viable solution,” Musil says. “We’ve also seen that the business model of online investment platforms works very well abroad.”
Since its launching in May 2016, Fundlift’s reception have been better than expected. They have about 6,300 investors and out of 25 projects, only one failed to get funding on the platform. Now only a few years after graduating, Musil is responsible for management of the company and spends his days meeting with clients, establishing partnerships with third parties, managing the preparation of new campaigns, structuring of the issue of the securities and much more.
In 2018 Radek Musil also appeared in the Czech Forbes 30 under 30 list that celebrates brightest young entrepreneurs, leaders, and stars.
His advice for students attending UNYP: “Try to get as much as you can from each of the lectures and don’t be afraid to ask questions. Talk to various alumni about what they do in order to get an opinion on where would you like to end up once you graduate. Once you realize which field is yours, try to get an internship as soon as possible.”