Discover and read the best of Twitter Threads about #ach

Most recents (4)

So, nine months ago, our team didn't have a clue about ACH, much less fintech in the US.

As of this month? @payswifter has processed over $500k in GTV from B2C, ACH cannabis payments in the United States. How did we get here?

#ach #fintech #cannabis #yc

Storytime. 🧵 🕰
Psst - here's a picture of the @payswifter founding team.

Keep our faces in mind as you read on. Upcoming fun story of how we fumbled our first pitch, got turned down by all the API providers YOU probably use, and built stuff we get to play w now!

#ach #fintech #cannabis #yc Image
Wait, what/who/how is @payswifter ?

‍PaySwifter builds ACH (payment) APIs for the $25 billion and growing cannabis market in the United States. We’re Stripe for Cannabis.

Our company got into YC for a different product that crashed due to covid - and this is our pivot.
Read 31 tweets
I happened to get started in payments & banking, because the technology company that I had founded, went bankrupt. Totally broke. For many years I told people, I decided to move on. That's not the truth. We were as broke as fuck by 2008. By 2010 it was time to packup.
By the time I turned 40 in 2010 (yes, do the math as to how old I am today), I was looking for a place to start anew in. One colleague in @StateBank_Pak gave me the challenge to find an ACH processor (in the US) that would process remittances for #Pakistan.
How hard could that be? Well, it was fucking hard. Every time someone heard the word "Pakistan" the phone went dead, the email communication ceased or I was bluntly told, PK is not a territory they can work with. Fuck that I said. I keep on trying.
Read 19 tweets
1/ ¿Vieron el reporte de @BitwiseInvest? Son 19 carillas pero si les da ̶p̶a̶j̶a̶ pereza, dejo #hilo resumen 🧵

Se llama " #DeFi: un manual para inversores profesionales ".

Índice:
- Resumen
- ¿Qué es DeFi?
- Panorama
- Oportunidad
- Factores de riesgo
- Conclusiones
2/ Arranca diciendo que en las últimas décadas, casi todas las industrias importantes han sido remodeladas por la revolución digital, excepto las finanzas 👀
3/ Y que si bien gigantes como Apple, Amazon, Facebook y Tesla dan prioridad a la tecnología, la industria financiera mundial sigue dominada por instituciones centenarias de ladrillo y cemento 🧱
Read 45 tweets
Let's #UnPack (some facts) before we #FlyAgain. Lots of threads lately about if it is #Safe2Fly & how to #FlySafe. Here are a couple with really good information.
This article by @ernstkc & @BeamerPaloma provides good guidance to #MinimizeRisks. Great ideas for #HandHygiene while travelling, pick a #WindowSeat to minimize 6' sphere exposure, beware of neighbors #droplets. theconversation.com/should-you-fly…
@j_g_allen does a great job explaining hierarch of control to reduce risks, encouraging masks, discusses other risks besides the flight while traveling. Importantly, encourages airlines to deploy gate #ventilation since ventilation is poor at taxi & gate. washingtonpost.com/opinions/2020/…
Read 15 tweets

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