Corporate Card
topic on 4 shows · 6 statements across 4 episodes
the Official SaaStr Podcast
Invest Like the Best
A Product Market Fit Show
Sourcery
6 statements about Corporate Card, every show
Thazhmon: Accounts payable volume is 10x larger than card volume
“Cards is a small component, but it's a good wedge to get in. But AP volume is, is 10 times bigger than card.”
Franceschi: Brex will be third-largest US corporate card on day one
“And then you look on this on day one after closing, Brexit will be the third largest corporate card in the country.”
Ramp's corporate card was a Trojan horse to track business software usage
“Really the card early on was a way to know what businesses were spending time and money on, right? Like, if you know what tools they use and how how much money they're spending on them? You get a sense of like how the business functions, what kind of business …”
Atiyeh: Enterprise card spend plateaus as companies shift to procurement systems
“Small businesses tend to run everything through card. So it works well for small businesses, but as you mature the larger businesses tend to move a lot more of their purchasing and spending through essentially bill payments and procurement systems and not as m…”
Atiyeh: Ramp holds under 2% of corporate card market
“The upward limit to like how big our time is, is a lot further because we're still to this day, like sub two percent of corporate card alone.”
Blond: Targeting startups as an initial niche drove Brex's market share
“Brex launched as the first corporate card for startups. And what that did was it sort of branded us as The right fit. If you're a startup, this is where you come. If folks are familiar with innovators dilemma or innovator solution, we picked like a small segme…”