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Rob Heiser

๐Ÿ‘ค Speaker
300 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

What we do is we take all the transaction data from institutions that we partner with.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So it can be product data, transaction-based data,

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We take all that in anonymously.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

That data, we then โ€“ we have a process in which we cleanse, identify, and categorize that data.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And then we have applications that help activate the data.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So if we're going to go apply that to maybe messaging that goes into a marketing channel or something around understanding competitors with different reports.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We have different โ€“

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

billing and pricing models based on different products that we have the most traditional with what most of our customers do is they pay us on a per customer per month basis so basically account holder and that's for our kind of end-to-end platform we also have models in which they're signing up for an annual report which they get full reports a year or

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

There's another product in which we just cleanse data and they're paying on like a per transaction basis.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Um, the, the end to end, uh, um, the end to end platform.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We sell that a lot through different, uh, channels, um, you know, distribution channels, resell partners, different, different companies like that, that resell or rebrand our product, white label it.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And so that's definitely most of our revenue.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

It is.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

It's a, it's a, it's a SaaS business.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

It just depends on the size and the effort of the institution.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So we have institutions as small as $200 million or $300 million in assets to institutions that are in the top 50 in the country.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And so that just depends on if it's a business, if it's retail.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Our model is not extremely complicated, but each bank is structured differently.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

If it's a retail bank, if it's an investment bank.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So we have different โ€“ it's hard to give you a direct number because it's so based on size.