SaaStr

NOVEMBER 17, 2022

We are not like other banks. At Pacific Western Bank , relationship banking is not the exception, but the rule. The Bank offers national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses on a national basis.

Banking 261

Banking Payment Features Venture Capital Subscription 261

Tom Tunguz

NOVEMBER 13, 2023

The US Federal Reserve Banking system is about 115 years old. Morgan (the man, the myth, the legend, but not his bank) arranged for a group of individuals to lend money to keep the markets operating. Morgan (the man, the myth, the legend, but not his bank) arranged for a group of individuals to lend money to keep the markets operating.

Banking 205

Banking Government Marketing 205

SaaStr

NOVEMBER 29, 2024

Literally as I type this, I bumped into a great founder at $20m ARR at Starbucks growing 100%+ with tens of millions in the bank. Not 20 hours a week from home. If so … Then try harder to find that role. He just raised his first round ever, after bootstrapping all the way to $20m ARR. His #1 issue?

Sales Hiring 284

Sales Hiring Scale Marketing SaaS 284

SaaStr

JULY 8, 2022

We are not like other banks. At Pacific Western Bank , relationship banking is not the exception, but the rule. The post Thanks to 6Sense, Boston Consulting Group, Capacity, Constant Contact, and Pacific Western Bank for Sponsoring SaaStr Annual 2022! appeared first on SaaStr.

Banking 240

Banking Consulting AI Revenue 240

SaaStr

OCTOBER 23, 2024

On the network side, every supplier in your network is there, complete with their bank info. SMBs couldn’t do any work to add their bank accounts, and they had to trust BILL to take their money. That’s the part that becomes a moat competitively. BILL is moving money and doing it well, all while being highly regulated.

SMB 307

SMB Payment Services Payments Payment Methods 307

SaaStr

MAY 25, 2025

De-Stress Your Life — If It Does : Even if you dont need the money right now, having extra cash in the bank can de-stress your decision-making. Adam Miller from Cornerstone OnDemand regretted not raising more early on because he had to hire behind growth instead of ahead of it. Dont make that mistake.

Sales Hiring 230

Sales Hiring Scale Banking Scaling 230

FastSpring

MAY 20, 2025

Supporting country-specific debit networks, mobile wallets, and bank transfer schemes gives buyers seamless and trusted payment options. With over 700 million Internet users and counting according to a Nielsen study, India has leapfrogged traditional banking models in favor of mobile-driven financial services. The appeal?

Payment Methods 140

Payment Methods Payments Merchant Services Payment Solutions 140

USIO

MAY 16, 2025

Tracking lost checks, handling reissues, managing bank detailsits a lot. No bank account? Fewer Administrative Headaches Theres no need to collect or verify bank account information. Marketplaces: Payout to sellers without banking delays. And lets not forget the administrative overhead. No problem. Even better.

Payment Methods 130

Payment Methods Payment Services Banking Scale 130

Payrix

FEBRUARY 4, 2025

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card brands Member-based corporations that connect consumers, businesses, and banks through electronic payments; establish and enforce rules amongst members; and promote the brands (e.g.,

Payment Services 147

Payment Services Merchant Services Payment Solutions Payment Methods 147

SaaStr

MAY 27, 2025

So SVB still is the #1 bank for tech companies in Silicon Valley and they have a ton of data. Their latest 1H’25 report has some interesting learnings: Does it seem like YC and other top incubators and accelerators have taken over the start-up world? They have 24% of all U.S.

Outsourcing Services 167

Outsourcing Services Venture Capital Outsourced Development Data 167

Tom Tunguz

APRIL 21, 2020

If I start a salacious tweetstorm that our local bank is running out of money, that rumor will circulate quickly. Eventually, the rumor will trigger a bank run. By tomorrow, the bank will face insolvency, even though it was business as usual at the bank this morning. This is the idea behind Narrative Economics.

Sales Recruiting 347

Sales Recruiting Banking Engineering Customer Support 347

SaaStr

MAY 19, 2025

Enterprise AI Adoption Is Moving 5-10X Faster Than Cloud The contrast with cloud adoption is striking, according to Levie: Cloud in 2008-2009 : “Try pitching the cloud to a bank. That was a non-starter. That was not a conversation you would have. They had to keep all the data on premise… Get out of my office.”

AI 209

AI Technology ChatGPT Cloud 209

The Daily Egg

AUGUST 19, 2020

Deciding between a large national bank, local chain, or online-only bank can feel like a daunting task without any guidance. There are thousands of different business checking accounts from you to choose from.

Business 339

Business Banking 339

USIO

MAY 9, 2025

In embedded finance, APIs connect your platform to banks, processors, KYC tools, and more. Used for secure, permissioned connections to bank accounts and third-party services. APIs allow software systems to talk to each other. Think of it as the connective tissue of every modern fintech app. Ensures cardholder data is handled securely.

Payments 130

Payments Merchant Services Payment Services Finance 130

Tom Tunguz

AUGUST 20, 2020

Cash accounting is the amount of money in the bank. salaries & sales commissions), how long does it take to recoup that dollar and see it in our bank account? It’s a cash accounting metric, not an accrual accounting metric. ZCP’s accrual accounting pair partner is the magic number.

Metrics 347

Metrics Payments Banking Sales 347

SaaStr

JUNE 6, 2022

Plaid builds the infrastructure that empowers consumers to digitally interact with and manage their bank accounts. In the backend, they’ve integrated with over 11,000 banks and financial institutions. For one thing, they had a hard time winning banks over for integration. Plaid’s Current Relationship With Banks.

Banking 284

Banking Scale Acquisition Interviewing 284

SaaStr

JULY 7, 2021

And forget about most bank-style debt financing if your VCs aren’t 100% supportive. But classic venture debt from banks like SVB, etc. Because they are banking on the VCs to at least potentially backstop the company if thinks are tough-ish. This is more common. Next-generation vendors like Capchase, Pipe, etc.

Venture Capital 353

Venture Capital Banking Finance Investment 353

SaaStr

OCTOBER 24, 2022

Those huge rounds are still mostly in the bank, and most of these bigger unicorns are doing well. last year, you may still have 90% of the raise in the bank. Why would some of the best B2B companies that just recently raised $50m, $100m, $200m+ in just the last year do layoffs? Can they really have spent it all already?

Startup 343

Startup Banking Cloud B2B 343

SaaStr

APRIL 19, 2025

That said, don’t break the bank. But if youre scaling, have a growing customer base, or are aiming for a broader market, the.com can matter a lot. Its still the gold standard for credibility and trust, especially outside of tech-savvy circles. domain works for your audience and doesnt limit your future growth, you can stick with it.

AI 167

AI Pricing Banking Branding 167

SaaStr

DECEMBER 13, 2023

So if you are outside of fintech and banking, you may not have heard of nCino. Customer Count Growth Driven in Large Part by Acquisitions There are only so many big banks to sell to, and nCino’s core customer count has grow slowly but steadily from 335 in 2021 to 428 today. Non-GAAP operating margins are now +17%.

Scale 349

Scale Banking Acquisition Cloud 349

SaaStr

JULY 20, 2021

Chime wasn’t the first digital bank, but it has become the largest one in the United States. The financial services industry – banking, lending, insurance – has long benefited from deep competitive moats that limited competition and stifled innovation. Chris Dean, CEO @ Treasury Prime Wendy Cai-Lee, CEO @ Piermont Bank.

Payments 274

Payments Payment Services SaaS Payments Banking 274

The Daily Egg

SEPTEMBER 17, 2022

After researching dozens of different loan options from banks, credit unions, and online lenders, we found that OnDeck offers the best unsecured. The post Best Unsecured Business Loans Compared appeared first on The Daily Egg.

Business 322

Business Banking 322

SaaStr

OCTOBER 14, 2022

At SaaStr Fund, we also generally do a bank account cash flow test. We make sure the bank statements tie to the financial statements given to us. It varies based on the stage: Many pre-seed investors sort of take the founders’ word for it that their financials are accruate.

Revenue 309

Revenue Banking Startup 309

SaaStr

AUGUST 8, 2021

In a highly regulated industry like banking, Chime can’t be a renegade. While they might break boundaries in the SaaS side of things, their strength is that they offer something that’s as reliable as the banks that people have been using since the beginning. Enter your email below for the latest SaaStr updates. Build trust.

Banking 274

Banking Social Media Company Culture Innovation 274

FastSpring

OCTOBER 16, 2024

Foreign exchange rates, regulatory rules, payment systems, various bank accounts, establishing entities in different countries, and tax collection and remittance are just a few of the concerns you’ll need to stay on top of as your business expands into more countries and regions.

Merchant Services 159

Merchant Services Payment Services Payment Methods Outsourcing Services 159

The Daily Egg

SEPTEMBER 10, 2022

Bluevine is a financial technology company servicing more than 450,000 customers that focuses on banking solutions and loans for small businesses. The post Bluevine Review appeared first on The Daily Egg.

Technical Review 317

Technical Review Banking Technology Business 317

SaaStr

JUNE 5, 2023

Making $2m, $5m, $10m if you have $0 in the bank is so insanely significant. Probably, your bank account is $0 or negative. Acquisitions are way, way down: So saying no is so risky. Generally speaking, there is no sane reason not to take the first, good exit. You have $0 now. And those extra few millions beyond that?

Banking 353

Banking Travel Acquisition Startup 353

Payrix

FEBRUARY 4, 2025

To operate as an integrated software vendor (ISV) or payment facilitator, a software company requires a relationship with an acquiring bank and a payment processor. A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account.

Payment Services 130

Payment Services Payments Merchant Services Payment Methods 130

USIO

MAY 13, 2024

The reason why they can be so expensive is that overtime additional expenses go into paper checks like the costs of labor charges, working hours dedicated to making the check, material costs, and other charges levied by banks. Banks’ major fees are imaging fees, paid check fees, positive pay fees, check reconciliation fees, and more.

Payment Methods 264

Payment Methods Payment Services Payments Payment Solutions 264

Tom Tunguz

APRIL 6, 2022

The fifth cluster of innovation benefits central banks, not startups. If I were an economist with aspirations of working within a central bank, I would be jubilant for the future. Central Bank Digital Coins (CBDCs) are akin to discovering quantum physics for central banks. There’s one more!

Innovation 267

Innovation Banking Government Advertising 267