Practical Founders Podcast

#69: Bootstrapped a Fintech Payments Platform to $10M ARR in 3 Years – Miles Schwartz


Listen Later

Miles Schwartz a cofounder of Zūm Rails, a fast-growing fintech based in Canada with a growing worldwide presence. In just 3.5 years and without any outside funding, Zūm Rails has grown from a focused startup to a credible open banking and instant payment gateway with $10M in ARR. Zum Rails also integrated KYC (Know Your Customer) technology which reduces fraud across all payment types. 

Miles and his cofounder had experience with fintech payments before they started Zum Rails to improve EFT payment processing in Canada. As they worked with more partners and grew revenues, they expanded the Zum Rails solution and built relationships with larger partners.

Fast-growth, larger partner opportunities, and traction with a US expansion are causing Miles and his cofounders to think differently about the potential for the company and potentially raising growth capital from the right VC investment partner. 

Learn more at practicalfounders.com. 

...more
View all episodesView all episodes
Download on the App Store

Practical Founders PodcastBy Greg Head

  • 5
  • 5
  • 5
  • 5
  • 5

5

26 ratings


More shows like Practical Founders Podcast

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,269 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

691 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,005 Listeners

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship by Omer Khan

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship

181 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

507 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

209 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

Founders by David Senra

Founders

1,848 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,290 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

207 Listeners

REWORK by 37signals

REWORK

208 Listeners

My First Million by Hubspot Media

My First Million

2,613 Listeners

The Logan Bartlett Show by by Redpoint Ventures

The Logan Bartlett Show

191 Listeners

Moneywise by Hampton

Moneywise

645 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

31 Listeners