When the three largest banks in a country go bankrupt, entrepreneurism is what emerges from the rubble.
Meniga, a leader in white-label personal finance and online banking solutions, was spawned in 2009 when 80 percent of Iceland’s banking system plummeted suddenly. It was an enormous shock, creating stress and tough times for Icelanders from high inflation, to lower salaries, currency devaluation, 10 percent unemployment and just general uncertainty.