Services are the future. Exactly 1 month ago,
@LeoMehr launched
@tryramp's services motion.
Why? They have structural advantages:
â đđđđ: 70k customers. $200B+ in annual payments, years of vendor data, millions of transactions and bills monthly.
â đđ¨đ§đđ˛-đĻđ¨đ¯đđĻđđ§đ đŠđĢđĸđĻđĸđđĸđ¯đđŦ đđ§đ đŠđđĢđđ§đđĢđŦđĄđĸđŠđŦ: Global money movement rails, partnerships with banks, Visa, Stripe, etc.
â đđ§ đĸđ§đđđĨđĨđĸđ đđ§đđ đĨđđ˛đđĢ đ¨đ§ đđ¨đŠ: 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):