Sramana Mitra: You have done this strategy in a textbook case study way. How many verticals and how many use cases have you gone after? What was the sequence of how you layered these different use cases along each of those use cases? Lior Gal: There is some strategy and tactical work. For us, the
Sramana Mitra: The lending trend is everywhere. I know that Square is offering small business financing. There are FinTech companies that are focused on giving loans. Intuit, for instance, is offering both payment and financing. What other examples do you have of the small business financing being offered by payment processors?
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Sramana Mitra: Let’s go back one step. Winning big customers like PayPal, what was the pitch that you made to let you start working on their technology stack? Lior Gal: It’s the same pitch, but the pitch isn’t the trick if you can call it a trick. The process is, you need to identify which
Sramana Mitra: You provide Escrow-type of service? Todd Ablowitz: We provide just SaaS tools. Our customers can send us the transaction information. We don’t process the transaction. We don’t get into the chain. We teach them how to do it. We enable it and make it better, but we don’t compete with our customers. We
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – a painting, a poem, a piece
Sramana Mitra: How did you meet Yaniv? Lior Gal: Through one of the angel investors. He was a Chairman at one of the startups that I worked for and knew the three other technical co-founders from another company. When he met them, he reached out to me and introduced me. He did not set up