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Aditya Tulsian

๐Ÿ‘ค Speaker
116 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And then, you know, you also have to pay.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

We also enable with payment gateways and some of the other payment options.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And then you pay for every transaction.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

our average customer ends up paying somewhere around about, or the overall realization is anywhere between, you know, $185 to $195.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

The transaction fee comes to somewhere around about 2% of every transaction that is done on the platform.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So on average, they end up doing anywhere between, you know, some about 5,000 to 7,500 US dollars every year on an average.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And so we get a 2% of that.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

I'm sorry, I'll just say that it's 5,000 to 7,500 US dollars worth of transactions on the platform.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

But what happens is if you are invoicing to a large customer, it does not go through the payment gateways, right?

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So then the invoicing that really gets discounted are actually of a much higher value.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

No, so then there's no transaction fee because those fees have been paid directly from one bank to the other.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So we really don't come to the picture.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

I was 34 when I made the jump.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

I have a family.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

I have no kids so far.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So actually, just before actually quitting, I and my wife had started off a design agency.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And, you know, it had been in existence for two and a half years and it has been very well.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So I knew that at one level, my wife has already settled and there was some money coming to the bank.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So that kind of security was already there.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Uh, I said, we don't have kids.