Jeremy Almond, founder and CEO of B2B payment platform Paystand, breaks down the company's historical revenue growth rates.
0:00 / 0:04exact quote · 4.3s
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“So the first couple of years we grew five X this last year we grew at nearly four X”
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More from Jeremy Almond
Insight
Almond: Accounts payable automation is a vitamin, receivable speed is critical
“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…”
Jeremy AlmondApr 7, 2019▶ 9:151352 B2B Version of Venmo About to Pass $5m in ARR
AssertionSupported
Almond: $18T in US commercial payments are still done in paper checks
“There's 18 trillion dollars in commercial payments in the US alone still done in paper checks”
Jeremy AlmondApr 7, 2019▶ 8:041352 B2B Version of Venmo About to Pass $5m in ARR
PredictionNot checkable as stated
Almond: Financial ecosystem will eventually shift to pure blockchain
“Not everything is like this pure blockchain world yet. We think that's eventually where it goes.”
Jeremy AlmondApr 7, 2019▶ 12:231352 B2B Version of Venmo About to Pass $5m in ARR
AssertionNot checkable as stated
Almond: Most money movement infrastructure uses technology built in the 1970s
“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.”
Jeremy AlmondApr 7, 2019▶ 3:541352 B2B Version of Venmo About to Pass $5m in ARR
Disclosure
Almond: Paystand operates proprietary payment network built on blockchain
“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.”
Jeremy AlmondApr 7, 2019▶ 4:031352 B2B Version of Venmo About to Pass $5m in ARR
Disclosure
Almond: Paystand enables businesses to move money digitally without fees
“What we do is help them move their money automatically, digitally, and without fees.”
Jeremy AlmondApr 7, 2019▶ 5:331352 B2B Version of Venmo About to Pass $5m in ARR
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