Disclosure certainty 4/5 debate potential 1/5

Florio: Foxy's growth has slowed to a very low rate during platform housekeeping

Brett Florio · 1141 Not shopify, not stripe, $2b+ in transaction volume processed · Sep 8, 2018 · at 18:16

Foxy co-founder Brett Florio discusses the company's growth trajectory and focus on infrastructure refactoring with host Nathan Latka.

0:00 / 0:15exact quote · 15.5s
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“Well, in the early days, you know, it was a much higher number. We sort of plateaued a little bit and we're, the growth is picking back up. So right now we're in a little bit of a weird place. We've done a lot of housekeeping. We're very old. So right now the growth is actually very low.”

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More from Brett Florio

Assertion Not checkable as stated
Florio: Larger businesses avoid Stripe for Paymentech and Vantiv
“A lot of people, especially larger businesses, aren't going to stripe. They're using payment tech or Vantive or what have you. So, you know, automatically stripes out.”
Brett Florio Sep 8, 2018 ▶ 4:05 1141 Not shopify, not stripe, $2b+ in transaction volume processed
Disclosure
Florio: Foxy sits between investor tiers and does not need capital
“We've found that once we started getting on people's radars, we are not big enough For certain types of investors, and we're too big for others, so we, what we need less than money would be the team that the money brings, and we tend to, we're just, we don't r…”
Brett Florio Sep 8, 2018 ▶ 15:00 1141 Not shopify, not stripe, $2b+ in transaction volume processed
Insight
Florio: E-commerce pricing models become unworkable without minimum fees
“What we've seen and what we've discovered for ourselves, although we've never tried a more sort of freemium with only the transaction fees, but what we've seen from others and what we've done from our own math is that without some sort of minimum fee, it becom…”
Brett Florio Sep 8, 2018 ▶ 16:04 1141 Not shopify, not stripe, $2b+ in transaction volume processed
Disclosure
Florio: Foxy charges 0.5% per transaction capped at 15 cents
“So it's technically our pricing is technically half of a percent up to a maximum of 15 cents.”
Brett Florio Sep 8, 2018 ▶ 5:55 1141 Not shopify, not stripe, $2b+ in transaction volume processed
Assertion Not checkable as stated
Florio: Foxy has thousands of customers on its platform
“We don't share that publicly, but I'll say it's thousands.”
Brett Florio Sep 8, 2018 ▶ 8:48 1141 Not shopify, not stripe, $2b+ in transaction volume processed
Disclosure
Florio: Foxy offers an unlimited free trial until stores go live
“We offer an unlimited free trial. So you only have to actually pay when you want to take your store live. So when you want to collect real dollars from real customers, because we're developers ourselves, we know that most developers in projects are not wrappin…”
Brett Florio Sep 8, 2018 ▶ 10:23 1141 Not shopify, not stripe, $2b+ in transaction volume processed
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