The Ledger
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Badangay: Competing tax platforms charge processing fees on dollar volume
“We have competitors that do that. And I think it's actually bonkers. Yes. They usually say, Hey, listen, They charge you not just a plat, they'll charge a platform fee, and then they'll also charge you a process, like basically a stripe processing fee type thi…”
Rohit Badangay: Most Zamp customers switch from legacy and newer competitors
“Most are switching over from existing providers not just legacy providers, but even some of the newer ones that we're seeing out there.”
Zamp reaches mid-seven-figure ARR with 6x YoY revenue growth
“And I think a year after, I think year after launch, or I guess like year since today, we're at almost like, what, six X revenue. So we're hitting mid seven, seven figures. They are growing pretty fast.”
Badangay: Putting engineers in front of CFOs for tax questions erodes trust
“I think if you just had a team of engineers and you know, somebody had a question, like a very specific sales tax question, or they're like, Hey, where did you get this rule from? And a lot of times you're talking to controllers on the other side, CFOs, financ…”
Badangay: Zamp onboards in 1–2 hours versus weeks for legacy providers
“This onboarding process typically takes, you know, an hour, two hours tops. When you compare that to industry average for somebody to get fully set up running sales tax for the following months with legacy providers, it's like weeks, sometimes months, if you'r…”
Zamp reduces monthly sales tax management time to 5 minutes
“Typically customers are spending, I don't know, like two to five minutes a month managing the sales tax. And then beyond that, on the backend, our team, people, technology, automation kind of take care of everything else. And so for the customer, now they go f…”
Badangay: I do not expect Zamp employees to work 80-hour weeks
“While I work those kinds of hours? I don't necessarily expect my team to work those hours. I don't ever tell my team, Hey, you need to work this. You need to work that. I think we just, we're more deliverables focused and it's like, Hey, this is what we need t…”
Badangay: Zamp prices by state count and API transaction volume
“Our pricing is pretty simple. It's just based on how many states you need compliance in. So we have a, you know, a seven state tier, a 14 state, 21 states, 28, all the way up to a full coverage. And then beyond that that's for customers that use our platforms.…”
Zamp raises $10M Series A led by Valor Equity Partners
“Raised about, yeah, raised ten million dollars. That brings our total funding to about fourteen million dollars. And yeah, I mentioned like it was led by Valor Equity Partners.”
Valor Equity Partners writes $1M early checks to preempt Series A rounds
“They have a program where they put in, you know, a million dollar check type thing pretty early on into businesses. And then if they're really excited about it, they'll come in and lead their air round.”
Zamp reaches almost 400 customers in 15 months since launch
“From a customer level, we're now working with almost 400 customers, and that's just in 15 months.”
Zamp launches Ztax, a white-label sales tax tool for accountants
“We just recently launched with this fundraise, a new product called Z tax. Z tax is a solution for accountants and bookkeepers.”