FinovateSpring 2012 / PaySimple
Presenter Profile:
How they describe themselves: PaySimple provides a cloud-based accounts receivable management solution for small business. With PaySimple, businesses can accept credit card and ach payments and automate billing across channels including recurring billing, electronic invoicing, and web, mail, phone, and mobile payments. This is integrated with customer management and smart reporting to help small businesses not only save time and get paid faster, but also grow their business. Additionally, PaySimple is available as a turn-key, custom-branded solution for large institutions looking to provide their members with a value-added offering. Partners with custom-branded products in the market today include American Express, Chase, Western Union, and Vantiv.
How they describe their product/innovation: PaySimple is demoing our one-of-a-kind system showing the absolute simplicity of how integrating customer management and payment acceptance across multiple channels provides small businesses with spectacular results. This brand new technology makes it incredibly easy for a smaller bank to set up their own custom-branded version and then immediately provide the solution to their small business members.
Contacts:
Bus. Dev.: David Sharp, SVP Business Development, dsharp@paysimple.com, 720-544-6130
Press: Jenae Wiegert, VP Product & Marketing, jwiegert@paysimple.com
Sales: Kevin Brown, VP Customer Acquisition & Experience, kbrown@paysimple.com,
303-928-8564
Website: www.paysimple.com
Blog: www.paysimple.com/blog
HQ Location: Denver, CO
Company Founded: January 2006
Product Being Demoed: PaySimple Pro, CAMP
Product Launched: May 2012
Metrics: PaySimple has raised $28.5M in capital through three rounds. In its most recent round in September 2011, PaySimple received $16M of growth capital from Susquehanna Growth Equity. Approximately 10,000 small businesses use PaySimple to save time and get paid faster. Recent results reported by customers say that 85% of them save time, 55% get paid faster, 91% started with ease, and 96% love our support. PaySimple currently has 70 employees.
- Key Executives
Eric Remer (Founder & CEO), Matt Feierstein (President & COO), Rod Saunders (CTO), Carol Wood (CFO)
Key Stats
- Key Board Members
Amir Goldman (Susquehanna Growth Equity), Devin Schain (Founder, Educational Direct), Rajeev Singh (Founder, Concur)
- Key Investors
Susquehanna Growth Equity
- Key Partnerships
American Express, JP Morgan Chase, Western Union, Vantiv, Jack Henry
- Key Customers
PaySimple is designed and priced with small business in mind. Small businesses in the US with less than 20 employees in the services sector receive an almost immediate ROI from utilizing the PaySimple solution. Some top industries include accounting services, law firms, gyms, professional services, care providers, web masters, instructors, and nonprofits.