Services are the future. Exactly 1 month ago,
@LeoMehr launched
@tryramp's services motion.
Why? They have structural advantages:
โ ๐๐๐ญ๐: 70k customers. $200B+ in annual payments, years of vendor data, millions of transactions and bills monthly.
โ ๐๐จ๐ง๐๐ฒ-๐ฆ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐ฉ๐ซ๐ข๐ฆ๐ข๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐ฉ๐๐ซ๐ญ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ: Global money movement rails, partnerships with banks, Visa, Stripe, etc.
โ ๐๐ง ๐ข๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐ฅ๐๐ฒ๐๐ซ ๐จ๐ง ๐ญ๐จ๐ฉ: 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):