Paystand

“So the first couple of years we grew five X this last year we grew at nearly four X”

“We're still small, about 30 people.”

“So at this point we're doing tens of millions a day.”

“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.”

“What we do is help them move their money automatically, digitally, and without 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.”

“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.”

“I've raised about twelve million to date, more or less.”

“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…”

“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.”

“This year we'll probably grow at Three and a half x, so.”

“We you know, we still have to, so we federate with 18,000 banks.”

“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.”

“We have about 50,000 businesses on our payment network.”