Carla Friede, CEO of Nvoicepay, outlines how the company expects its revenue mix to shift toward SaaS subscriptions as platform investment grows.
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“I think in the future, it will be more of the SaaS based model that will become more meaningful. So as we expand and invest in our platform, the solution grows. And I think that'll be a more meaningful revenue stream in the future.”
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More from Carla Friede
Opinion
Banks fail at payment tech due to 50% margin targets
“So banks, I think one of the reasons banks haven't solved the problem yet is because they have a margin target, right? Bank wants to make 50%. So they don't want to invest, yeah, at least 50%. So they don't want to invest in technology, right? They're not trad…”
Carla FriedeNov 23, 2017▶ 15:18852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
Insight
Friede: Raising incremental funding tied to milestones preserves equity in payments
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Carla FriedeNov 23, 2017▶ 7:11852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
Insight
Friede: Growing B2B payments via supplier network effects is difficult
“I think it's really hard to grow with a network effect through suppliers.”
Carla FriedeNov 23, 2017▶ 11:13852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
AssertionSupported
Friede: B2B payments market represents $36 trillion in payment volume
“So we're in a market that's 36 trillion in payment volume size.”
Carla FriedeNov 23, 2017▶ 6:13852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
AssertionNot checkable as stated
Nvoicepay grows 100% year-over-year compared to 25% broader market growth
“So I, the numbers I've seen only show it at 25%, but we're growing double year over year.”
Carla FriedeNov 23, 2017▶ 6:31852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
Disclosure
Friede: Nvoicepay has raised about $25 million in funding
“About twenty-five million.”
Carla FriedeNov 23, 2017▶ 6:48852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay
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