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Carla Freedy

๐Ÿ‘ค Speaker
180 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So it's huge.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And our challenge is to grow faster than that, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And get a piece of this market as- Well, how fast is that market?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So the numbers I've seen only show it at 25%, but we're growing double year over year.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Got it.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So it's kind of a land grab opportunity is the way I would characterize it.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

About $25 million.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

$25.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So, you know, I don't, it's a function of raising money during the time.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So remember now we were raising money in the middle of a financial crisis and a recession and we're raising money in payments.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So in payments, you make money a little bit of a time.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So it takes a while to get a payment company up to critical mass.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And in that environment, it's much smarter to raise a little bit of money, show results, hit a milestone and raise more money.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And that way, you hang on to a bigger chunk of your company long term.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And so we did sort of these bite-sized raises.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

In other words, raise money, deliver results, drive more customer volume, and raise money.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Yeah, I think it's transaction volume and it's also customers, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Customer results.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And so when you can drive and get to thousands of customers, then everything else kind of goes by the wayside, right?