1/ Introducing Acctual, a unified AP + AR automation product for fiat and digital assets that simplifies web3 financial operations.
Check out the TechCrunch coverage: https://t.co/qsDktRVGSe
Now let’s take a closer look at what we are all about. 🔍
Net 30 is a loan. You're the bank.
And the bigger your customer, the longer they stretch it. Most small business owners I've talked to are getting paid 60, 90, sometimes 120+ days out...
Factoring solves this but it lives in a different tool. Separate signup, every invoice submitted through a separate portal, days of waiting for each approval. What should be instant becomes days of waiting.
Why not get this option while you invoice? We're building this into @acctualteam.
What's the longest you've ever waited on a "Net 30"?
User visited a landing page
Signed up
Completed onboarding
Connected bank account
Completed verification
Got approved
Sent first invoice
In 11 minutes!
11:52 AM - client sends an int. wire
12:00 PM - money deposited into my USDT wallet
That was FAST!
Massive thanks to @tikhbana and @tweetsbymo for their support
Congrats to the @AcctualTeam you’ve got a killer product that just works 🎯
Someday we’re gonna force @issadca to write about how he did this for @AcctualTeam
The level of engineering, data wrangling across lmao how many systems
Shits insane but man oh man did it work like magic
"But the more important long-run dynamic at the application layer is what comes after the account. "
Still so much work to do to unlock the type of borderless commerce we envision for Acctual users!
Cool to be featured in the latest stablecoin report from a16zcrypto.