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Ben Lowley

๐Ÿ‘ค Speaker
236 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We have three tiers of pricing.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

If it's a bank that just has like one branch,

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

or two branches, it's $1,250 a year.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

$1,250?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

That's correct.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

And the next year up, it's for banks that are operating in usually around 10 to 15 markets and maybe around

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

a billion in assets, that's a $2,500 a year.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

And then once you get above 3 billion in assets, it's 5,000 a year.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

And what would you say your average is closer to 5,000 or 1250 per year?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Um, you know, this is a fairly new product, Nathan.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

And, um, it's, it's been interesting.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Are we actually are averaging to have more large banks right now, but

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We've got a significant number of small and medium-sized banks as well.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We currently have 11 banks using or about to use the platform, and it kind of covers the full range.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We launched this product about a year and a half ago, so we are still learning which types of banks have the greatest need, who's experiencing the most pain in CRAs.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We have raised capital.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Okay.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

How much?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

we've raised about 900,000 to date.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Um, and we started about six years ago.