Sramana Mitra: Can you walk me through the work flow? I live in India. I have a child in college at MIT. If I’m the consumer sending the wire, what is my work flow? Mike Massaro: We work with the educational institution. Our model is that of an international payment processor for that receiver of
Sramana Mitra: Talk about the new product, and how did you identify the new product definition? How did you achieve product market fit? Ryan Stolte: Through this relationship we had and the amount of breadth of customers that we were exposed to, we did get in front of a lot of these customers. They would
Sramana Mitra: Talk about the variety of different ways that people do make these kinds of payments. It sounds like education is one of your big segments. Is that your only segment? Mike Massaro: It isn’t now. We started the company there. We’ve been around for about five years. We had focused on education exclusively.
Sramana Mitra: How did you price this new product? Feris Rifai: The original OEM agreement started out as a royalty fee. The Symantec folks were selling it directly to the client. That grew from there to cover more of the Symantec portfolio of products. It also grew to Symantec actually including it in their product
Sramana Mitra: Your business is to provide the full stack that would enable value-added resellers to offer public cloud solution on top of your platform. Pete Manca: Right. What we do is we partner with Equinix for data centres around the world. We have clouds located in the US, the EMEA region, and also in
Have you ever been an international student in a US college or university that required your parents having to transfer money to your school? Or perhaps have a child studying abroad for whom you have to do this? In either case, you may want to read this interview to learn about how cross-border payments are
Entrepreneurs are invited to the 289th FREE online 1M/1M roundtable mentoring session on Thursday, January 14, 2016, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
In case you missed it, you can listen to the recording here: