Vladimir Pajkovski

Fintech Executive - Banking AI products & partnerships
Ex- @CapitalBoxSME @moneffbusiness @cardlay @LunarMoney @DanskeBank_dk @NordeaMarkets #nordicmade

[Vladimir Pajkovski @VPajkovski]

We are now in AppStore !! #Cardlay #expensemanagement #nordicmade #cphftw #sthlmtech #siliconfjord #helyes #rvktech

[Jon Erlichman @JonErlichman]

Google was founded on this day in 1998.

[Sebastian Siemiatkowski @klarnaseb]

Whatever your skill set, when you start a company you will need to hire external support for things you don’t know how to do. When you do that, its *really* important to check you all have the same idea about what you agreed to.

🚀When we started Klarna, we were three kids in our 20s at university together. We had an idea and we’d agreed to focus 100% on it for 6 months to see if it would be a success.

😧Then we realised we couldn't code. So we're like, how are we going to solve that? Are we going to raise money, try to pay some engineers? What are we going to do?

😇We were in an incubator and they invited some business angels and we had to pitch. After that, a woman approached us and she's like, this is awesome.

💫And she told us look I have these engineers and they're like the best engineers. This was amazing because she had actually done one of the few really successful exits during the dot com era where they had sold a company for 150 million pounds so she had money from that. And she had the engineering team from that.

👴So she connected us with those guys and they were much more senior than us - they were in their 40s.

And there, unfortunately, a misunderstanding arose.

😁Our understanding was that these four engineers were going to join us full time and work with us and continue developing the company with us.

😬Their understanding was, they were gonna give us some source code and a system that works. And then they're off and doing something else.

🚀🚀🚀So we brought the engineers on board and they started coding, and they were excellent. They were amazing engineers. They started coding the system in December. In April, four months later, we launched with the first customer so it's four months and they put together a lot of the fundamentals that actually still today are part of what Klarna offers as a service.

So that was awesome but then after that, they were like, Good luck, guys! See you later!

😱And we were like, No, that's not what we agreed! Then we looked into the contract and we had given them 30% of the company just for the technology and they just left us.

🤬So that became quite a tough conflict, obviously. It was kind of funny actually, because at one point of time one person said, “Well, Sebastian, you have to calm down this topic. You know Klarna is never going to be the size of a company where it's going to need four great engineers like this.”

😶So what ended up happening is, to some degree, I think just because they didn't understand the potential of what they had built together with us, they sold their share much too early when the company was worth maybe $10million. Which was not awful in a sense, because to me, it seems a bit fair.

#founderstories

[MoneyLIVE @Money_LIVE_]

What is your MLP (most lovable product 😍)? Banks need to start thinking about this for their end users! Expense management with @cardlay using #machinelearning & #AI #MLSpring19

[The Paypers @ThePaypers]

.@cardlay does automatic VAT reclaim management via #AI #MLSpring19

[The Power 50 @thepower_50]

@cardlay are helping companies reclaim Vat on travel expenses. 15% of claimable expenses are usually left. @Money_LIVE_ #MLSpring2019 #fintechpower50 #fintechpower50

[Cardlay @cardlay]

@cardlay Founder and CEO @JoergenJuul will be discussing future of payments together with SEB Card CEO, Mads Krumhardt Enggren at CPI's Europe Summit, 5-6 March in London. #nordictech #digitalbanking #paymentcards #vatreclaim #expensemanagement #nordicmade
https://t.co/UM4AiFMq1K

[CPI @News_CPI]

Time flies when you're looking forward to #CPIEurope Summit. Only one more week to go - secure your place now https://t.co/P5gLQAijog

[Cardlay @cardlay]

We could not be more excited that @cardlay will be participating at @News_CPI by @EuroFinance. Looking forward meeting with #CommercialCards Issuers to discuss how can they create new revenue streams with from @thevattax #VATreclaim and #ExpenseManagement

https://t.co/uDMyj2eO5B

[Cardlay @cardlay]

Banks and Commercial Issuers can meet with #NordicMade @Cardlay this Spring 2019 at major banking conferences and FinTech events and hear how can they create new significant revenue streams from Digital services and @thevattax - an automated #VATreclaim https://t.co/ruGIidUyUg

[CPI @News_CPI]

Commercial payments is an ever-evolving industry, with constant new challenges and opportunities. @Eurocard CEO Mads Krumhardt Enggren and @cardlay CEO Jorgen Juul discuss the future of the sector at CPI's Europe Summit, 5-6 March, in London https://t.co/goOAUKCSot

[Financial Times @FinancialTimes]

Stanford Graduate School of Business retains the top spot in the FT’s Global MBA ranking https://t.co/hL62NiGHaO

[The Nilson Report @NilsonReport]

Issuers from the U.S. held a 40% market share among the top 150 portfolios worldwide. The rankings are based on outstanding receivables tied to Amex, Diners Club, Discover, JCB, Mastercard, UnionPay, Visa, and domestic general purpose credit cards. https://t.co/5yLUouxrHb

[MoneyLIVE @Money_LIVE_]

Now taking the opal stage is @vpajkovski of @cardlay #MLSummit

[Vladimir Pajkovski @VPajkovski]

Hey @SAS,
I am so enjoying my #FitbitPay with @SEBGroup @Eurocard and @united - when am I getting one from #FlySas #WeAreTravelers? @Fitbit #EurocardPro #SASEurobonus @FitbitSupport @staralliance @MastercardNews #NordicMade #NordicTech #sthlmtech #cphftw #helyes #siliconfjord

[Cardlay @cardlay]

Very excited about our partnership with Eurocard AND Eurocard Pro app ready for download. Managing expenses in real-time & Making Reporting easy on the go. No more Hassle!
Download App! https://t.co/X2cTNAlBX3
Read article! https://t.co/hjQrdCeXGS
#eurocard #eurocardpro #finansdk

[NordicStartupAwards @NSAwards]

This year @cardlay compete in Nordic Startup Awards Best FinTech category! 🏆🏆🏆

Check out their presentation video down bellow and help them win by voting! 👇
https://t.co/VXUomAY4VU

❗Also don't forget to send your presentation videos to us to gather more votes❗

[Cardlay @cardlay]

Thanks @CphFinTech for letting us share @cardlay concept of MLP - Minimum Loveable Product! - and views on Design and UX in Financial Services.
#cardlay #design #digitalbanking #cphfintech #fintech #UX #expensemanagement #VATreclaim #finansdk
https://t.co/yqjo3etemZ

[Cardlay @cardlay]

Please vote! Cardlay A/S has been selected as finalist at NSAwards 2018 "Best FinTech Startup" 🏆😄

VOTE here for Cardlay A/S as Best FinTech Startup - Denmark: https://t.co/343yRBrTwV
#cardlay #NSAwards #NordicMade #cphfintech #fintech #expensemanagement #digitalbanking

[PSV @PSVVenturehouse]

Only a few hours left to vote for @NSAwards. Go vote for the great PreSeed founders and startups @Templafy @ForecastHQ @OrderYOYO @Sp8ces @lunarway @coinify @cardlay @PlantJammer @Hediabetes @MikStroyberg, Thor Angelo and maybe even vote for us #NSAwards https://t.co/ZAUBSGz2pS