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Yui Vo

๐Ÿ‘ค Speaker
200 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

I think when you say most use, right?

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

I want to make sure that we're talking about the same thing because if you think about it, you cannot open a card until you do KYC, right?

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

So technically, KYC is the gateway to everything.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

So nothing is possible without KYC.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Right.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

So we offer...

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

we have a BSAML department that does checks, but then we have the full suite of automation around KBA questionnaires and around document verification.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

So every time you use one of those tools, we charge you a small fee.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Flat fee one time, yes.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

It depends on where in the water flow you end up, right?

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

If you, right off the bat, we...

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

you know, we have very clear indication.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

If we know who you are, then you don't have to go down further step.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

But if like, hey, you know, maybe, you know, there's not sufficient information here.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

We have to go pull additional data.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

We have to have you upload your driver license.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Then that's additional steps in the waterfall.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Yeah, I think our first level KYC is I think something like 60, 70 cents or something like that.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Cool.

SaaS Interviews with CEOs, Startups, Founders
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Yeah.