Adrian Jones, Co-Founder at Evvio | Episode 171

06/28/22 • 36 min

This episode is sponsored by Citizens Pay. Designed to streamline the buying process, Citizens Pay is a leader in “Buy Now Pay Later” that provides merchants the security of a premier national bank on an omnichannel platform which drives sales and builds loyalty.

If you want to learn more about Citizens Pay, visit https://citizensbank.mvk.co/2hycr where you can find additional information about Citizens Pay’s buy now pay later financing solution.

What does a video game designer and avid Vietnamese art collector have to do with payments? A lot! Evvio Co-Founder Adrian Jones started his entrepreneurial career at 15 years old in the videogame design industry, only to find that his passion for technology and the impact it can have on the world around him would eventually propel his career into the ecommerce payments space.

For those of you who may not know, Evvio is an ecommerce technology company that provides opportunities for anyone, anywhere to participate in ecommerce. They specialize in person-to-person emerging ecommerce transactions and their technology adds tremendous value to exchange networks such as:

● Social commerce

● Super apps

● Online gaming

● And the metaverse!

Fluid commerce is probably one of the biggest buzzwords you’ll hear in this podcast, with Evvio driving this intention for their target audience. And one of their main objectives is to make ecommerce inclusive in that it doesn’t require a bank account or credit card to transact. As for their competitive advantage, the ability to earn and spend without value passing out of the e-commerce network is the first thing that Adrian points out, followed closely by fraud prevention capabilities that allow the seller and buyer to maintain a cryptographic agreement of services being used.

Tune in this week to hear Adrian talk about the future of our industry as it relates to the projected growth of person-to-person ecommerce, the demise of credit and debit card payments, and the social commerce exchange that will spike from $560 billion in 2020 to $2.9 trillion in 2026. As for what he projects beyond the next 10 years, he has this to say based on his own experience: “Much as we try to forecast what the world will be like in years ahead, there are just so many things we don’t see coming.” Don’t miss this one!

If you want to learn more about Citizens Pay, visit https://citizensbank.mvk.co/2hycr where you can find additional information about Citizens Pay’s buy now pay later financing solution.

● Social commerce

● Super apps

● Online gaming

● And the metaverse!

Previous Episode

Ronan Burke, CEO and Co-Founder of Inscribe | Episode 170

My guest this week has a genuine passion for building things that create a significant impact and then using it as a mechanism for change. But according to Inscribe CEO and Co-Founder Ronan Burke, the true fulfillment in this comes with creating the opportunity on your own and not waiting for someone else to give it to you.

For those of you who may not know, Inscribe is a fraud detection automation company that helps fintechs approve more customers by automating their account opening and underwriting workflows. This includes automatically overseeing some of the most fundamental checkpoints when it comes to ensuring safe, secure transactions, such as:

· Identity verification and KYC

· Corporate control

· Platform integrity

From a long-term perspective, Inscribe’s mission is to create a fair and efficient payments ecosystem by protecting platform integrity through automation and fraud detection. And their product adds value to any company that transacts large payments and facilitates high-trust interactions. And as for what makes them stand out against their competitors, one of their main advantages is they offer a fully automated solution with absolutely zero human engagement in the detection approval loop.

Tune in this week to hear Ronan talk about his journey to CEO and what the next 2-3 years look like as it relates to fraud. One thing he knows for certain is that fraud will increase substantially as the payments industry moves towards faster, cheaper, and more real-time transactions. As for what he foresees in the next decade, it looks like we can expect an ecosystem that offers less risky and even safer options when it comes to facilitating large transactions in an online environment versus a traditional retail scenario.

Next Episode

Sandy Kemper, CEO of C2FO | Episode 172

My guest today is a self-proclaimed “black sheep recovering banker” who is still trying to figure out how to make the world a better place and save customers money on the cost of doing business. C2FO CEO Sandy Kemper is at the pinnacle of a fascinating career spanning decades in the payments space.

For those of you who may not know, C2FO is it a decentralized financing platform that services approximately 1.3 million customers globally and across all verticals. Their mission is to provide low cost, convenient capital to everyone that needs it, and they are driven by a passion to help companies find ways to grow their business. In a nutshell, their platform matches accounts payable and accounts receivable transactors to allow those that have accounts payable to pay early or over an extended amount of time to ensure that nothing limits the flow of capital between suppliers and customers.

One of the things I found this fascinating about this interview is the mind-blowing stats that Sandy provides. According to him, the total economic output of the world is around $240 trillion. And if you then assume that the average payment term on any given transaction is approximately 60 days, that’s $40 trillion of accounts payable or accounts receivable on the books of businesses around the world at any given time. And this gives you a Birdseye view of their global target market.

Tune in to hear Sandy talk about his journey to CEO, including what the next 2-3 years offer as it relates to more transparency and reduced friction in payments and financing, the applicability of crypto and Blockchain in his particular industry, as well as the advantage C2FO offers to diverse business owners with their no-risk-assessment-needed business model.