Services are the future. Exactly 1 month ago,
@LeoMehr launched
@tryramp's services motion.
Why? They have structural advantages:
→ 𝐃𝐚𝐭𝐚: 70k customers. $200B+ in annual payments, years of vendor data, millions of transactions and bills monthly.
→ 𝐌𝐨𝐧𝐞𝐲-𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐩𝐫𝐢𝐦𝐢𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬: Global money movement rails, partnerships with banks, Visa, Stripe, etc.
→ 𝐀𝐧 𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐥𝐚𝐲𝐞𝐫 𝐨𝐧 𝐭𝐨𝐩: fraud detection from hundreds of millions of expenses, PO-to-invoice matching, state-of-the-art OCR, and fine-tuned models for accounting coding, spend routing, policy review, etc.
Last week, I sat down with
@LeoMehr to talk about this and much, much more.
Some of my favorite parts (link to full episode in comments):