Yui Vo

Founder and CEO, Productfy · 1 appearance on the record.

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founderexecutiveengineerLinkedIn ↗productfy.io ↗

Duy Vo is a fintech product leader and engineer who founded Productfy in 2018 to provide developer-friendly Banking-as-a-Service infrastructure. Under his leadership, the company launched card issuance programs and raised a $16 million Series A round in 2021.

11statements → 6claims → 0claims resolved → 3.64/5average certainty → 1.09/5average debate potential →

1 not yet assessed 5 not checkable as stated how the 6 claims stand · each chip opens the sources

1 prediction · 5 assertions · 5 disclosures · every statement was checked. The prediction and assertions are the 6 claims: statements the public record can support or contradict. 0 are resolved, 1 is not yet assessed, and 5 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Yui argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Yui Vo on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

Everything Yui Vo said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

Productfy targets non-fintechs with zero upfront costs and transaction fees

“What we actually want, want to move more towards is, is to enable organizations that don't have engineering teams, that don't have compliance team, that don't have servicing teams to be able to launch a financial product. And so that's the model that we are no…”

Yui Vo Jan 14, 2022 ▶ 9:05 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Disclosure

Productfy charges low thousands monthly plus transaction and interchange fees

“We're talking very, very minimal program management fees in the hundreds of dollars until you go live and it's the low thousands and then per month. And then we charge on ACH, on KYC on wires. And then we split the interchange on revenue.”

Yui Vo Jan 14, 2022 ▶ 4:21 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Assertion Not checkable as stated

Productfy generates $1,000 to $5,000 per month per average customer

“Yeah, I think it's probably safe to say one to five K is probably the right number.”

Yui Vo Jan 14, 2022 ▶ 8:49 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Assertion Open · timeframe Aug 2021

Productfy added 150,000 production users between January and August 2021

“Between January and August, I think it was like a hundred and 50,000 production users got added to our system.”

Yui Vo Jan 14, 2022 ▶ 19:49 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Assertion Not checkable as stated

Productfy debit card volume grew up to 4x in November 2021

“Our debit card transaction volume grew by, I think, Somewhere between two and a half to four X between October and November.”

Yui Vo Jan 14, 2022 ▶ 21:11 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Prediction Not checkable as stated

Productfy predicted its debit card volume would triple in December 2021

“And we're probably going to three X that from, you know, November to December.”

Yui Vo Jan 14, 2022 ▶ 21:29 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Disclosure

Productfy plans to roll out secured credit and lending in 2022

“We're going to enable any organization without an engineering team, without a service team, without a commercial without a compliance team, to launch a financial product with direct deposits DDAs, debit cards, HHM wires in less than a week. And then we're goin…”

Yui Vo Jan 14, 2022 ▶ 23:02 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Assertion Not checkable as stated

Productfy's early customers were entirely fintech companies

“Our early customers are all fintechs at this point.”

Yui Vo Jan 14, 2022 ▶ 2:24 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Assertion Not checkable as stated

Productfy CEO Yui Vo experienced homelessness in high school

“For me, you know, first generation immigrant, I was homeless in high school didn't know how to access financial services.”

Yui Vo Jan 14, 2022 ▶ 11:59 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Disclosure

Productfy plans to begin fundraising for a Series B in 2022

“We're going to be out fundraising sometime next year for a series B.”

Yui Vo Jan 14, 2022 ▶ 14:08 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Disclosure

Productfy used a KISS note instead of a SAFE for pre-seed

“We had a pre-seed round on a kiss note, not a safe. Then we did a then we did the price round on seed of the 2.35.”

Yui Vo Jan 14, 2022 ▶ 15:36 Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a Week

Appearances (1)

Episode	Date	Speaking time
Productfy Sells 10-20% in $16m Series A To Help Anyone Launch a Credit Union in Under a We	Jan 14, 2022	13m

Yui Vo

The record, in short

How they sound: not measured why? →

Appearances (1)

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