More than $5 trillion in goods and services are sold annually to small businesses in the United States, highlighting the critical role they play in the economy.
Despite this, many small businesses are burdened with outdated software and manual paperwork for processes such as requests for quotes, financing, and billing. Modern tools like Square and Toast, while effective in other areas, often do not meet the specific needs of these businesses.
As a result, small businesses often rely on software that is 10 to 30 years old, cobbled together with manual processes. This inefficiency can hinder growth and profitability.
We believe that small businesses deserve better technology tailored to their unique needs. Leveraging our combined experiences in business technology and payments, we aim to build the first vertical finance product designed specifically for small businesses.