VizyPay

16 statements across 1 episodes · 6 bullish · 2 bearish · 1 people on the record · first statement Feb 16, 2023 by Austin McNair · said 11 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Nathan Latka (10), Austin McNair (1)

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Everything said about VizyPay, oldest first

Feb 16, 2023
Assertion Not checkable as stated
VizyPay grew from $12.7M to nearly $18M in revenue in 2022
“You know, in 2021, it was 12.7 million. This last past year was close to eighteen million.”
Austin McNair Feb 16, 2023 ▶ 16:10 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 positive
Disclosure
VizyPay gives merchants up to $3,000 in free POS equipment
“Well, in our situation, we have an equipment placement program, so based on volume, et cetera, that we will place it there at no cost to them, so we're contributing two, 3000 dollars worth of equipment, you know, to their doorstep, and we give them options to …”
Austin McNair Feb 16, 2023 ▶ 4:15 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 negative
Insight
McNamby: Rural Businesses Resist Tech Due to Cost and Complexity
“When they want to level up, the technology is way too robust and way too costly with too many long-term contracts. Therefore they resist.”
Austin McNair Feb 16, 2023 ▶ 3:05 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 bullish
Disclosure
McNamby: VizyPay launching à la carte fintech SaaS in months
“Including the kind of a silent channel, which is our FinTech, which we're building out technologies. That will eventually have sassies attached to them based on what the client needs kind of a la carte, which we're launching in the next couple months.”
Austin McNair Feb 16, 2023 ▶ 18:12 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 positive
Disclosure
Austin McNamby: VizyPay is fully bootstrapped with zero outside money
“We're still bootstrapped. Not one dollar from outside money.”
Austin McNair Feb 16, 2023 ▶ 5:01 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Assertion Not checkable as stated
Austin McNamby: About 90% of VizyPay clients use basic terminals
“About 90%, a little bit about 90% of our clientele don't need a POS system that's two or 3000. It's mainly for restaurants and bars and retail locations that have a lot of inventory, but a lot of them are, it is the basic terminals”
Austin McNair Feb 16, 2023 ▶ 7:46 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Assertion Not checkable as stated
McNamby: VizyPay processed nearly $1.8B in payment volume in 2022
“Processing volume last year was close to 1.8000000000 that we processed.”
Austin McNair Feb 16, 2023 ▶ 15:31 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Assertion Not checkable as stated
McNamby: VizyPay earns 58 to 60 cents profit per transaction
“I'm just telling you on our end, on our profit, there's about 58 to 60 cents per transaction we make, you know, out of the millions of transactions we do a month across the United States.”
Austin McNair Feb 16, 2023 ▶ 10:35 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 negative
Assertion Not checkable as stated
McNamby: Major POS competitors charge $15k to $25k cancellation fees
“While most companies will say, Hey, by the way, you're going to owe us 15, 20, 25,000 dollars to cancel because that's the profit we would have made on your account.”
Austin McNair Feb 16, 2023 ▶ 6:22 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Disclosure
VizyPay relocates talent to Iowa from California, Florida, and Mexico
“And as they're doing these layoffs, et cetera, we're actually moving people to Iowa. You know, I just moved, you know, I've moved people from Florida, from You know, California. I moved people from Mexico before. I moved people from, you know, other parts of t…”
Austin McNair Feb 16, 2023 ▶ 21:12 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Assertion Not checkable as stated
Austin McNamby: VizyPay serves over 10,000 clients across the US
“We have a little bit over 10,000 clients across the United States, but that doesn't count maybe like the hardware because some locations have two or three pieces at their location, right? So if you just did a baseline of 10,000, cool, but you could probably ad…”
Austin McNair Feb 16, 2023 ▶ 6:55 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 bullish
Prediction Not checkable as stated
McNamby: VizyPay will reach $27M to $30M in revenue in 2023
“I think we'll be close to a 27 to 30, depending on how the sales force goes with our hiring list we just had.”
Austin McNair Feb 16, 2023 ▶ 17:08 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Disclosure
VizyPay Targets Rural Mom-and-Pop Shops Over Major Metro Areas
“We don't focus on big towns like Chicago, San Francisco, Dallas, all these other areas. We focus on mom, pa shops in rural America.”
Austin McNair Feb 16, 2023 ▶ 2:09 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 positive
Assertion Not checkable as stated
Austin McNamby: Over 95% of VizyPay Staff Come From Outside Payments
“So we have 63% minorities, 27% women, and over 95% of our staff come from outside the payment space.”
Austin McNair Feb 16, 2023 ▶ 19:45 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023 positive
Insight
McNamby: Credit card payment volume persists regardless of economic recessions
“Well, the crazy thing is, you know, with this industry, if it's a recession or we're not a recession, everyone uses a credit card. So today, if people don't have money, they're using a credit card. They're going in debt, unfortunately, but they're still using …”
Austin McNair Feb 16, 2023 ▶ 20:53 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
Feb 16, 2023
Assertion Not checkable as stated
McNamby: VizyPay's Average Merchant Ticket Is Between $25 and $35
“About 20, about 25, 35 dollars across the board.”
Austin McNair Feb 16, 2023 ▶ 12:22 Bootstrapped to $18m by door knocking while competing with Toast, Square, and other fintechs
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