The Ledger
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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…”
Friede: SaaS subscriptions will overtake transaction fees as Nvoicepay grows
“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.”
Friede: Raising incremental funding tied to milestones preserves equity in payments
“In payments, you make money a little bit of a time. So it takes a while to get a payment company up to critical mass. And in that environment, it's much smarter to raise a little bit of money, show results, hit a milestone and raise more money. And that way yo…”
Friede: Growing B2B payments via supplier network effects is difficult
“I think it's really hard to grow with a network effect through suppliers.”
Friede: B2B payments market represents $36 trillion in payment volume
“So we're in a market that's 36 trillion in payment volume size.”
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.”
Friede: Nvoicepay's transaction volume is well into double-digit billions
“So no matter what I say seems really small, but we're way into double digits in billions of dollars.”
Nvoicepay reaches 2,500 customers and 300,000 suppliers
“So now in our network, we have 2500 customers and 300,000 suppliers.”