Report from NACHA: Faster Payments get Banking Moving


The primary participants at the conference are financial institutions big and small, corporate customers and all the processing partners that move money along bank rails. Big banks were really concerned about losing revenue and about changing architecture on legacy systems.

Banking: The Next Big Subscription Economy Story


By John Phillips, Managing Director EMEA, Zuora In some ways, banks are the ultimate subscription business: from the moment you […]. The post Banking: The Next Big Subscription Economy Story appeared first on Zuora

What is the norm for a “rainy days” bank buffer, considering payroll, rent, and everything in-between?


If you have > 50% of your ARR in cash, in the bank, that’s usually enough to make the key accretive investments you need to make in people, infrastructure and marketing, If you are at $10m ARR, you need at least $5m in the bank to comfortable hire the say 50+ folks you’ll need to hire the next year. I had $2m in the bank at $10m ARR. The post What is the norm for a “rainy days” bank buffer, considering payroll, rent, and everything in-between?

Verifying Bank Account Ownership: Understanding your Options

Agile Payments

Advances in the online payments sphere have now made it possible for businesses to verify bank account ownership. This real-time checking account verification can confirm that a consumer or business owns the account, and is authorized to transact.

Financial firms bank on A.I. as pilot projects head to production

IT World

The financial services sector is pouring money into artificial intelligence (AI), with banks, for example, expected to spend $5.6 billion on AI in 2019 – second only to the retail sector.

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services

Agile Payments

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services. Checking Account Owner Authentication

Facebook’s cryptocurrency ratchets up pressure on banks, but has big risks

IT World

Facebook's plans to launch its own cryptocurrency and digital wallet should be a clarion call to commercial banks: if you don't begin to explore blockchain technology, tech companies could eat your lunch.

The Investment Banking Landscape: Different Types of M&A Firms


You're ready to sell your business, but you're not clear what type of banking firm to choose to help you in the process. This article provides a breakdown of each type, as well as its individual pros and cons, so you can make the best decision for you

Fintech banks and a rise in consumer authentication: Wepay’s Week in Payments


Two developments, one in the US and one in the UK, signaled a potential shift in the banking world and Fintech. The two developments each heralded the possible rise of a brand new kind of bank founded on a completely different model than the traditional bank.

Fintech Newsletter: June 2019

Andreessen Horowitz

542 million years ago, in perhaps the most important evolutionary moment in history, complex biological life emerged in an event known as … fintech networking payments community banking etfs ethical investing financial services fintech startupsGet this monthly update from the a16z FinTech Team: sign up here. Top Startup News. Fintech’s Cambrian Explosion.

Founding Stories: Synapse

Andreessen Horowitz

Now imagine trying to open a bank account at a local branch without the traditional forms of identification: no driver’s license, no social security card, and so on. Imagine moving to a new country to start college.

On CFIUS Reform: Examining the Essential Elements

Andreessen Horowitz

Senate Committee on Banking, Housing, & Urban Affairs as part of their hearings … China policy field notes M&A

Grab One of My Final 25 Tickets for SaaStr Europa!


Europa 2019 in the Left Bank of Paris is capped at 2,500 total. Boy we are close!! We are now at total capacity and have moved to a waitlist. The team has saved me 25 final tickets. You can grab one here. Once they are gone, there will still be a few more slots.

Barclaycard joins forces with SAP to simplify corporate payments


Ariba Network’s Precisionpay Bank Transfer will speed up the time it takes for businesses to receive payments for goods

[SaaStock Latam special]: How Superlógica grew 10x by improving pricing plans


Previously his career path had traversed a variety of industries including banking, health, and EdTech. Tune in for an extra bonus episode of the podcast, hosting SaaStock LatAm speaker André Baldini, CEO of Superlógica who tell us how the company grew revenue 10x.

The 18 Awesome Women of SaaS in Asia


With a Master’s degree in Law, she delved into investment banking and equity capital, working at Credit Suisse, J.P. Morgan, and Deutsche Bank. in 2015, she made a move to the other side and left banking.


Andreessen Horowitz

Although access to fair credit is still an issue, it’s safe to say the banking system … fintech payments announcements financial services tech is globalMore than two-thirds of Americans have at least one credit card. In fact, the median number of cards per person is almost four.

Blockchain: Renewing Trust in Charities


In addition, charities will no longer need to depend on institutions like banks or various government agencies that may apply shady practices while handling the donated funds. By Matej Michalko, Founder and CEO of DECENT.

What are the benefits and drawbacks of having co-CEOs?


Bet-the-bank innovation has to come from the top. Like many things, my thinking on this has evolved over time. I used to think co-CEOs was almost always plainly a bad idea. But now I think maybe it’s only a bad idea when done for the wrong reasons.

The Fourth Barclays Accelerator, powered by Techstars in starting in Tel Aviv!


Modern Banking for Cooperative Credit Societies in India. We are thrilled to announce the 10 extraordinary teams that are joining the Barclays Accelerator, powered by Techstars Tel Aviv today, March 31. Three months of hard work in the world’s “Startup Nation” is awaiting the class of 2019.

5 Criteria to Consider Before Choosing the Right Investment Banker


There are five key factors that should influence your decision when you're considering an investment bank for your business. Finding the right fit insures both parties get what they want out of the deal

You Should Be Collecting At Least 100% Of Your MRR Each Month in Cash. Ideally, 110%+.


They hook up a payment system when they start as self-service, and the cash magically flows into the bank account. Pay out a lot of 15%-20% commissions on deals where the cash never comes in, and watch your bank account shrink in real-time.

Zelle and payment futures: WePay’s Week in Payments


This week’s news in payments was dominated by one big announcement: US Banks launched a P2P payment solution, Zelle, aimed squarely at Venmo. The participating banks include a huge list, so this is very much a well thought-out market entry. Bank and Wells Fargo.

How to Reduce Customer Credit Card Decline Rates

Rebilly | Insights Into Subscription Billing

Yet many of those payment declines bore no relation to the customer’s honesty, credit or bank balance. According to a survey from, 12 percent of all credit and debit card users in the US experience a card decline each year. The cost to the merchant was significant: 2.6

SaaStr’s Most Respected Leaders Awards 2019: The Top Five


She went on from there to become CEO of Merrill Lynch Wealth Management, Citi Private Bank and Smith Barney. Stripe’s software allows its customers to make and receive payments by providing the technical, fraud prevention and banking infrastructure to operate online payment systems.

Still Buzzing from Annual? Come Join Us at SaaStr Europa in Paris June 12-13 for As Low at $199!


This year we’ve moved from the Opera District (which was cool) to the top location on the Left Bank (even cooler); So get tickets now before prices go up 100%! Still processing all the learnings from 2019 SaaStr Annual? I know I still am. We’ll write more soon.

So You Need an ACH Transfer API - 2019

Agile Payments

Quite simply, it's an API that provides the ability for a software application to integrate ACH processing capabilities for the purpose of providing the application to originate, manage and report on the transfer of funds between bank accounts. What is an ACH Transfer API, anyway?

How blockchain may kill the password

IT World

Imagine a company that can verify the background of a new employee and onboard them with the click of a single virtual button, or a banking customer who can verify their identity for a loan without exposing personally identifiable information – again with a click of a button.

Techstars Includes Diverse LEADers: Carrie Shuler, Creator, Communicator, Fighter, Founder


Have enough money in the bank or a consistent revenue stream to sustain yourself for 6-12 months before fundraising. . Techstars Includes Diverse LEADers is our series highlighting diverse members of the Techstars Network.

Payments Industry Predictions for 2019


Common predictions arose such as continued consolidation in the fintech and payments space, rapid growth in adoption and use of faster payments solutions and a fintech getting granted a chartered bank license in the US. A movement to open standards – Open Banking driven by PSD 2.0,

Want Leads? We Got ‘Em


We’ll have 2,500 founders and execs right in the Left Bank of Paris. If you sell to B2B companies in particular and want leads — we got ’em. SaaStrEuropa is coming up FAST on 12-13 June. SaaStrAnnual is in March of 2020 at San Jose Convetion Center again and will be monster. 30% of the booths are GONE from renewals so pick now. Pick by March and get the renewal rate (2018) instead of the 2019 rate and the best location.

29 Latin American SaaS Superstars


Its focus is on helping companies handle financial routine and streamlining processes related to accounting, banks, stock, and electronic invoicing, among others. With Colppy, businesses can also work more effectively with their banks and accountants.

Hustle As Strategy

Tom Tunguz

What differentiates the best banks from the middle of the pack aren’t differentiated financial products or novel go-to-market strategies or new insights into the market. One manager, responsible for a remarkable turnaround in American banking, attributes much of his success to “a very rigorous and steady management review process, which was one of the hardest things that was put in, and which was done right in the beginning.

Stop Cold Calling: Get the One-Call Meeting

Sales Hacker

Whether you make cold calls now or not, leverage the power of your referral network and hit your sales numbers without hitting the phones—with less sweat and results you can bank on.

The Two Things You Need From Early Customers that Matter More than Cash

Tom Tunguz

A great customer logo slide is like a bank account. As you start to go to market, there are two things to prioritize from early customers that matter more than cash. Feedback and marketing rights. The feedback matters for obvious reasons.

Canada Electronic Funds Transfer

Agile Payments

Options are limited because of the small number of banks that run the payments sphere. Canada Electronic Funds Transfer processing options are scarce compared to the ACH processing providers available in the United States.

Lessons From a Second-Time Founder: How Brex Went From 0 – $1B in Under 2 Years (Video + Transcript)


So, there’s all these people who are just using debit cards, and just walking around with debit cards with 120 000 in the bank, or just using their personal card for all these things. ” We all have all these banks, and they’re a pain to deal with.

Techstars and 43North Partner to Grow Entrepreneurial Ecosystem in Buffalo


The Techstars Startup Ecosystem Development program in Buffalo is a partnership with 43North, with support from M&T Bank, National Grid, and others to be announced.

5 strategies to become a great SaaS CEO


Close shaves with nearly $0 in the bank. We had 2 weeks of runway in the bank. “I let $800k sit in the bank for seven years. On the day before the official program of SaaStock18 began, we hosted 8 bootcamps around Dublin as part of SaaS.City, our 1-day accelerator.

SaaS in Africa: 10 Things We Learned From Scaling to 1M Users (Video + Transcript)


For example, banking. Most African markets never had a banking infrastructure the like of which we used to here. More than half of Kenya’s GDP is now transacted through a mobile, through arguably the most successful mobile banking and payment system called M-Pesa.

Who are Asia’s SaaS VCs?


China Development Industrial Bank (CDIB). Among its diverse banking and investment activities, China Development Industrial Bank (CDIB) is one of the pioneers in venture capital in Taiwan.

5 Interesting Learnings From Slack. As It Gets Ready to IPO.


With $840m in the bank, Slack has essentially infinite runway. With Slack’s IPO data and financials finally public, what is left to know about the app we all use and have been reading about for years?

Mike Volpe, CEO of Without Great People, You Will Fail


How Mike's background in investment banking prepared him for the marketing world. People are the hardest part of building a company. Think about it - when you’re building a company, your people are the company.