Jeremy Almond
Co-Founder and CEO, Paystand. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveengineerinvestorhost@jeremyalmond ↗paystand.com ↗
In 2013, Jeremy Almond co-founded Paystand, a blockchain-enabled B2B payment platform designed to automate accounts receivable and payable. Prior to founding Paystand, he worked as an engineer and enterprise architect at Digital Instruments and Veeco.
1shows
1appearances
16statements
1resolved
1supported
0contradicted
100%fully supported
Everything Jeremy Almond said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Almond: Accounts payable automation is a vitamin, receivable speed is critical
“Most of the B to B payment industry actually charges for the other side, which is the payable side. We think that that's actually less important. Our sort of point of view is that's a vitamin problem. Meaning you know, it's nice for your AP to not write a pape…”
Almond: $18T in US commercial payments are still done in paper checks
“There's 18 trillion dollars in commercial payments in the US alone still done in paper checks”
Almond: Financial ecosystem will eventually shift to pure blockchain
“Not everything is like this pure blockchain world yet. We think that's eventually where it goes.”
Almond: Most money movement infrastructure uses technology built in the 1970s
“Most of the money movement itself is, is basically using technology before the internet. Most of the technology is sort of built in the seventies.”
Almond: Paystand operates proprietary payment network built on blockchain
“We actually own our own payment network. We use something called the blockchain which is sort of a really new way to think about financial services in general.”
Almond: Paystand enables businesses to move money digitally without fees
“What we do is help them move their money automatically, digitally, and without fees.”
Almond: Paystand uses flat SaaS pricing instead of transaction fees
“We're trying to move the industry from a transactional model, sort of this blockbuster, go in and rent something to a fixed cost SAS model. And so we charge a monthly subscription amount for a customer and it's sort of all you can eat.”
Almond: Paystand customers pay an average of $1,500 per month
“Yeah, so on average, our customers pay us about 1500 dollars a month. They go up much higher, and there's a few that's a little lower than that.”
Almond: Paystand has 50,000 businesses on its payment network
“We have about 50,000 businesses on our payment network.”
Almond: Paystand processes tens of millions of dollars daily
“So at this point we're doing tens of millions a day.”
Almond: Paystand grew 5x initially and nearly 4x in the prior year
“So the first couple of years we grew five X this last year we grew at nearly four X”
Almond: Paystand will probably grow 3.5x this year
“This year we'll probably grow at Three and a half x, so.”
Almond: Paystand federates with 18,000 commercial banks
“We you know, we still have to, so we federate with 18,000 banks.”
Almond: Paystand maintains net negative revenue churn
“So that's one of the things I think we're really proud of is, you know, from a net basis, we have negative churn.”
Almond: Paystand Has Raised About $12M to Date
“I've raised about twelve million to date, more or less.”
One line per show, most statements first. The link opens Jeremy's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Co-Founder and CEO, Paystand | 1 | 16 | 100% 1/1 | full record on Top Founders → |