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A brief history…• Founded in 2003• Based in Toronto• 3 yrs in parents’
basement• 50 people + expanding• Service culture• $1 Billion in 17 weeks
(took 34 last year)
The leader in online invoicing
The leader in online invoicing
Over 2,000,000 users since 2004Over 2,000,000 users since 2004
Solo professionals
$19.95/month
Solo professionals
$19.95/month
Design agencies, Law firms
$29.95/month +
$10/month/staff
Design agencies, Law firms
$29.95/month +
$10/month/staff
Recurring revenue businesses
$79.95/month +++
Recurring revenue businesses
$79.95/month +++
The deal breakers for business
• 2.3-5% + transaction fee + monthly = costly
• Setup is painful, so people don’t bother
• Only good for low ticket (< $500) amounts; therefore a huge opportunity in business payments
Parting thoughts…
• Online, mobile, anywhere, anytime• Small businesses operate globally• Now doing $0.50 payments USA with
PayPal• And you can get set up with PayPal
fast• No recourse for charge backs