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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

In 2006, BILL CEO and Founder René Lacerte set out to define a category around financial operations for small and midsize businesses (SMBs). With SMBs, the smallest business is owner-operated. Then, in 2017, with around $50M in revenue, BILL added payment capabilities. Needless to say, he succeeded. in revenue.

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6 Payment Acceptance Obstacles SaaS Companies Face and How to Avoid Them

SaaStr

Despite the hyper competition, many SaaS providers take their organization’s payment processing experience for granted. Whether we want to admit it or not, payments can play a big and often unseen role in contributing to or reducing customer churn. Making payments accessible overseas. A 2017 U.S. Securing payments.

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5 Interesting Learnings from Shopify at $4 Billion in ARR

SaaStr

Shopify’s first quarter revenue: Q1 2021: $989 million Q1 2020: $470 million Q1 2019: $321 million Q1 2018: $214 million Q1 2017: $127 million Q1 2016: $73 million Q1 2015: $37 million Q1 2014: $19 million Q1 2013: $9 million. When you add in payments, i.e. merchant services, NRR for 2018+ is about 110%, based on the below new chart.

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Redpoint Office Hours with Medha Agarwal & Shopify’s Kaz Nejatian

Tom Tunguz

Prior to Shopify, Kaz was the Product Lead for Payments and Billing at Facebook and was the former CEO of Kash, a payment technology company that he founded and which was acquired in 2017. During the conversation, we’ll discuss: What does the future of financial services look like? Watch outs? Watch outs?

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Best PayPal Alternative Services: Online Payment Methods & Options

FastSpring

One challenge many online merchants face after they’ve finished developing their product is figuring out how to easily accept payments on their online store. But navigating the complex world of online payments for the first time is challenging work. shop confidently knowing that their bank and payment card information is encrypted.

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Doubling Down: Peter Specht, Partner at Creandum

SaaStr

This was precisely my experience upon meeting Toni and Carlos, the founders of Embat, in an area we’ve extensively have been exploring: treasury management and payment automation. This includes real-time bank connectivity, treasury forecasting, payment automation and automated accounting and reconciliation with e.g. ERPs.

Payments 284
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5 Interesting Learnings from Expensify at $140,000,000 in ARR

SaaStr

Like Bill, it took the process seriously and became a licensed money transmitter itself. Ultimately, this leads to higher margins in payments, but also entails taking on financial risk, fraud risk, and a significant regulatory and legal overhead. #5. Sometimes, the self-serve / PLG engine stalls out at a certain scale. In one year.

Scale 328