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Well... a bit over hyped for what it is:
Someone at #YC woke up and felt inspired to share the obvious (but in 10 points - so its feels special). Jokes aside, what's NOT there is much more important than what is. Bare with me... 🧵👇
Someone at #YC woke up and felt inspired to share the obvious (but in 10 points - so its feels special). Jokes aside, what's NOT there is much more important than what is. Bare with me... 🧵👇
1/ Dear friends who pushed (pre) seed to a cap of $30-$50m with no DD till a month ago, reality is happy to have you joined.
What still strikes weird - is the whole thing is still 99% only about fund raising and valuations and how to manage both...
What still strikes weird - is the whole thing is still 99% only about fund raising and valuations and how to manage both...
2/ what it's not about is the only thing that will matter. #CreateValue. In a world with 6-10% inflation, with public markets melting away and money becoming expensive - customers become much much #smarter spenders.
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. 🧵 🕰
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
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
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.
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.
