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Alex Bean

๐Ÿ‘ค Speaker
824 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Had cash, check, credit, everything inside of that expense reports from all the riders and all the employees would have come directly.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So honestly, when we started Divi, my partner Blake and I, it was just like, well, we've ran multiple businesses and we understand the needs.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And so we built it not as tech engineers, but as business owners and saying we're building something that we would have wanted to use in our prior companies.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And who's the customer target today?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Is it the luckies of the world, SMBs?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Yep, luckies of the world.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

But just SMBs, we kind of have two audiences, I say, like 1 to 50 and 50 to 500.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Slightly different use cases for the most part.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

But SMBs in general, that's what we're going after.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

The mom and pops of America, Main Street America, not just the VC-backed companies.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Yep.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And talk to me about that segment, right?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So if an SMB is listening right now and they're going, man, I'm currently using like six tools to do all these things Alex is talking about and they want to start with you.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Like what's the average price point an SMB is going to pay you guys?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Nothing.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

It's free.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Okay.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So how do you make money?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Yeah, so we basically take Amex, right?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Like you're not paying for your Chase card or Wells Fargo card or whatever.