Ezeike: UK Stripe accounts cannot directly transfer to US buyers
Lotanna Ezeike · Startup Acquisition Stories with Lotanna Ezeike, Founder of Creator Check · Mar 28, 2023 · at 13:49
Creator Check founder Lotanna Ezeike explains the technical challenges of transferring payment accounts during the cross-border acquisition of his micro-SaaS business.
0:00 / 0:10exact quote · 10.6s
720p mp4 · rendered on demand · StarZero watermark
“Because the Stripe was registered in the UK, you can't just transfer over to the US, you have to actually then create a new US one, and then Do this manual transfer thing, which I didn't know about before.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Lotanna Ezeike
Ezeike: Founders should solve distribution before building the product
“I realized, you know, distribution is the most important thing. So I actually started working on distribution before I ever started working on the product itself to see, you know, what's the best place for the customers.”
Ezeike: Frame startup sales around untapped growth buyers can unlock
“When you are speaking to the buyer, you know, if I say this as growth, it's kind of like, you don't want to sell them here. You want to sell them that it's about here to kind of show that there's still room for that big growth through there to let them know, o…”
Ezeike: TripVisa and Visabot were completely no-code products built with Zapier
“Yeah, yeah, literally, yeah. So Zapier was my best friend, for sure.”
Ezeike: TripVisa acquirer offered to angel invest in new venture
“The person that acquired TripVisa, and the reason I was actually also selling that as well as there's a new startup I'm working on at the moment, they actually want to Do an angel investment into the new startup that I'm doing as well.”
Ezeike: Shut down venture-backed startup in 2022 after four-plus years
“I started out my own startup, did the whole VC thing, did the raising, then the failing and so we actually closed down and wound down last year, and I kind of lost the spark I had just because I've been working there for like four years plus”