Eric Jasinski
speaker
102 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Eric Jasinski’s voice in public audio — every appearance, attributed to the second.
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No, totally. I think like at the end of the day, like we don't make money from data. We make money from users having a good time. So like and like having a better experience analyzing their business. So, you know, your data is on Ambrook for your access and for your convenience. And you pay us money for us to provide a place where you can see that data.
And, you know, we have we have a wallet product where we get yield if you hold a deposit with us and we share that yield back with you, by the way, if you use that product. So. We don't sell data because that's just not what we do. We're not in the business.
We're sort of in the trust business, and we're in the help business, and we're not really in the benchmarking, selling stuff type of business. And we do actually work with a nonprofit called Ag Data Transparent who certifies our use of data every single year. We renew that, basically verifying exactly the concern you're talking about because, as you can obviously imagine...
A lot of farmers, this is probably top two things that come up whenever we speak to somebody.
Totally. Yeah. No, I mean, we, we, we take that, that's genuinely like a responsibility that we take super seriously, you know, from end to end security all the way through privacy. Like that's, that is a hundred percent what we're built on.
I mean, I will say one of the nice things about working in my capacity anyways is the support side. So you onboard a customer, you take them from dreading the process to actually enjoying the process. And then they keep you posted. I had a guy write in the other day to our customer support chat, basically saying, hey, I don't need anything. I just like this change you made to the menu.
Like, thanks. Keep up the great work. It's just like a really, really rewarding message to get from somebody.
Yeah. I mean, we, um, that's something we pride ourselves on and we have staff like myself that are fully dedicated to, to being around. Um, I, you know, I make the joke that, uh, there's, there's some bookkeeping help that goes on there. Sometimes people just want someone to say hi to like, you know, you got another human on the other end of the line. Um, but a lot of what, uh,
a lot of the things that help build habits, especially for six months, right. It's like, Hey, um, I know you told me how to do this thing on the onboarding call. I forgot, like, what do I do about this bill? How do I match this payment?
And I think like, without having just like that, knowing that you have that in your back pocket from a helpfulness perspective, like it would be much harder to build the habit and you might not, you might not. So like, that's definitely a part of the experience for us is like, we're in the empowerment business first and foremost.
And like, honestly, you probably hear less from folks that have been on the platform for six, 12, 18 months. Cause they do have a life. And like at the end of the day, like I, you know, they don't really want to talk to me that bad, but for the six months that I got, it was a good time.
Yeah. So the, one of the things like to your point about the bank, for example, right? Like some banks don't offer automatic sinking, but you have a bunch of card transactions. So what we decided was, all right, having a business cash account that you can use for things like receiving invoice payments or,
Paying your bills with ACHs or mail check, having a debit secured card that you use, or you have farmhands that you use, or maybe you just want to split out the personal from the from the business expenses. We basically have all of these banking-style services that we offer on Ambrook with the main goal of helping you keep everything consolidated.
So it's like, say you send an invoice out and you receive a payment on that invoice. Today, that payment might hit your bank account. You got to find that thing in your bank account, find the invoice, sync it up. It adds steps. And if you don't do it over a couple of months, then you're trying to remember which payments go to which invoices.
And next thing you know, you're double counting income or something like that, which obviously you don't want to do. And so if you do all of that on Ambrook, like the matching happens for you, the deposits get reconciled. And like it kind of, again, it's like reducing friction and making things feel better. And so that's why we offer those things.
They're not mandatory to use, but basically like the longer you're with us, the more you find you're like, well, I'm already on here anyway. It's like, why would I not send a mail check through Ambrook? That doesn't, you know, that type of thing.
Yeah. So Ambrook, as a headline, is base subscription fee. We have two tiers, $60 and $100 a month. So that's $1,200, $720 annual. You can get a 10% discount on both of those if you sign up for the year. So $50 I'm good at math. $54, $10.80 from a subscription fee. And that is basically all the fees that we make money from the customer.
The other fee on the platform that is often discussed is the invoicing fee. And so you send an invoice, your customer pays you with an ACH or a card. There's a payment processing fee. There's 0.4% with a cap on ACH. There's credit card fees, etc., We pass those on to the customers. We do not keep those.
And so some folks choose to pass them along, some folks for a convenience fee to their customers, stuff like that. And then no fees on the bill pay today and no fees for the cards whatsoever. Um, and so basically like, yeah, that, that's the whole structure.
And then I guess on the opposite end of the spectrum, like I mentioned, um, for folks that are using Ambro to hold funds, uh, we have a 1% yield that we started rolling out actually last week. And so, you know, we, uh, basically it's like a cashback program for your deposits. You can think about it like, um, like a high yield checking account.
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