Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Roy Ng is the co-founder/CEO of Bond, the banking-as-a-service platform.</li><li>Roy: I think the biggest thing around Twilio is: be the advocate of the developers, be the advocate of the innovators.</li><li>Roy: What we've seen inbound, coming to us, is there's quite a lot of both -- about 50/50 -- in terms of fintechs versus what I call &quot;vertical software.&quot;</li></ul>

Roy Ng is the co-founder/CEO of Bond, the banking-as-a-service platform.Roy: I think the biggest thing around Twilio is: be the advocate of the developers, be the advocate of the innovators.Roy: What we've seen inbound, coming to us, is there's quite a lot of both -- about 50/50 -- in terms of fintechs versus what I call &quot;vertical software.&quot;

Roy Ng, co-founder And CEO Of Bond, On BaaS's Business Model

<ul><li>Over the last several years, there has been an explosion of retail, travel, SaaS, and other companies expanding into financial services.</li><li>Walmart, IKEA, ServiceTitan and Toast are just 4 of the companies that have launched products like underwriting, interest-free credit, payments and bank accounts in an effort to provide a better experience to their customers and get closer to their wallets.</li><li>As banking platforms around the world have opened up their APIs and banking itself has gone looking for new distribution channels, a new generation of “BaaS” companies has risen to take the premise of Marqeta one step further—offering not just cards but lending, crypto, deposits, and other banking products as a service.</li></ul>

Over the last several years, there has been an explosion of retail, travel, SaaS, and other companies expanding into financial services.Walmart, IKEA, ServiceTitan and Toast are just 4 of the companies that have launched products like underwriting, interest-free credit, payments and bank accounts in an effort to provide a better experience to their customers and get closer to their wallets.As banking platforms around the world have opened up their APIs and banking itself has gone looking for new distribution channels, a new generation of “BaaS” companies has risen to take the premise of Marqeta one step further—offering not just cards but lending, crypto, deposits, and other banking products as a service.

Banking-as-a-Service: The $1T Market To Build The Twilio Of Embedded Finance

<ul><li>BaaS players have the next 12 – 24 months to build a default platform for anyone who wants to issue cards.</li><li>The gap in the market currently is that no issuer processor or BaaS platform is fast to market, easy on pricing and scalable.</li><li>It’s likely BaaS sector would sustain high double-digit growth for at least the next 5 years, driven by a mix shift from cash to card, market share gain and TAM expansion from embedded finance.</li></ul>

BaaS players have the next 12 – 24 months to build a default platform for anyone who wants to issue cards.The gap in the market currently is that no issuer processor or BaaS platform is fast to market, easy on pricing and scalable.It’s likely BaaS sector would sustain high double-digit growth for at least the next 5 years, driven by a mix shift from cash to card, market share gain and TAM expansion from embedded finance.

Banking-as-a-Service: Monetization, Competition, And Growth In The Fintech Fastlane

<ul><li>Ramp is one of the fastest-growing fintech companies built on BaaS, with virtual cards powering their corporate card GTM on the front-end and their automatic expense categorization on the back-end.</li><li>Fast forward to today, a lot of what I would call modern issuers, like Marqeta, Stripe and Galileo, have made that process a lot easier.</li><li>In the case of Ramp, because we&#39;re servicing businesses, we don&#39;t think there&#39;s a lot of change on the horizon with interchange.</li></ul>

Ramp is one of the fastest-growing fintech companies built on BaaS, with virtual cards powering their corporate card GTM on the front-end and their automatic expense categorization on the back-end.Fast forward to today, a lot of what I would call modern issuers, like Marqeta, Stripe and Galileo, have made that process a lot easier.In the case of Ramp, because we&#39;re servicing businesses, we don&#39;t think there&#39;s a lot of change on the horizon with interchange.

Karim Atiyeh, co-founder And CTO Of Ramp, On The Future Of The Card Issuing Market

<ul><li>We&#39;re probably going to start implementing something in a few months. </li><li>We&#39;ve probably issued 100 cards off that.</li><li>We need to go fast because startups have a burn rate.</li></ul>

We&#39;re probably going to start implementing something in a few months. We&#39;ve probably issued 100 cards off that.We need to go fast because startups have a burn rate.

Andy Su, co-founder Of Pry, On How Fintechs Choose The Right BaaS Partners

United States

API-based platform for developers to issue and manage virtual and physical payment cards

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Roy Ng, co-founder And CEO Of Bond, On BaaS's Business Model

We talk to Bond CEO and co-founder Roy Ng about the emerging banking-as-a-service market and how he sees the space evolving over the next 5-10 years.

Sacra

Banking-as-a-Service: The $1T Market To Build The Twilio Of Embedded Finance

The $1T market for banking-as-a-service is a bet on the rise of embedded finance, the technology-driven movement of financial products and services...

Sacra

Banking-as-a-Service: Monetization, Competition, And Growth In The Fintech Fastlane

We distill 100+ pages of expert interviews on banking-as-a-service into top takeaways and key questions.

Sacra

Karim Atiyeh, co-founder And CTO Of Ramp, On The Future Of The Card Issuing Market

Our expert interview with co-founder and CTO of Ramp, Karim Atiyeh, on how Ramp thinks about choosing card issuing partners for the future.

Sacra

Andy Su, co-founder Of Pry, On How Fintechs Choose The Right BaaS Partners

Our expert interview with Andy Su, co-founder of Pry, on building a modern FP&A platform and how Pry thinks about choosing partners for BaaS.

Sacra

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