He never bought a keyword, never ran content marketing, and the big outbound sales force he tried did not work. Rodney Robinson still grew TabaPay to $100 million in revenue, almost entirely through inbound, on a single $2.5 million seed round that stayed the company's only outside money for nine years.
Rodney explains how he found a problem Mastercard could not solve, why he chased small fintechs instead of big logos, how his inbound marketing came from banks and the card networks rather than ads, and why he believes outbound sales no longer works in B2B.
Plus: the six-month lawsuit that cost TabaPay its sponsor bank, and what Rodney had personally put on the line to get that bank in the first place.
TabaPay is payment processing infrastructure that gives fintechs one API to move money instantly in both directions, and processes payments for companies like Dave. The company runs at $100 million in revenue with about 150 people, profitable, growing 35 to 40 percent a year. On the day this interview was recorded, Rodney announced a $155 million raise and the acquisition of a bank.
Build what the incumbent is forbidden to build: Mastercard would not add pull payments because it would compete with its biggest processors. That structural refusal, not a missed feature, was the opening TabaPay walked through.Make the trusted party your sales channel: Fintechs do not know a new processor, but they trust their bank and Visa. TabaPay processes for about 20 banks and lets those relationships generate its inbound pipeline.Solve revenue before expense: Rodney paid vendors above market to reach the market in a year, charged what it would bear, then displaced the vendors later. Getting to revenue outranked protecting early margin.Chase minnows, not whales: The first ten customers were small fintechs where the founders already knew each other. Those minnows grew into whales, and the relationship carried through the growth.Reliability is the product for infrastructure: Three vendors at 99 percent availability leaves you down about 3 percent of the time. Customers bet their business on payments working, so TabaPay took the stack in house.Expect arrows in year one: Six months in, another company claimed TabaPay stole its software and the sponsor bank dropped them. They won, but only because there was nothing to find.What TabaPay does$100M in revenue with 150 peopleThe $2.5M round that lasted nine yearsRaising $155M and buying a bankThe problem Mastercard would not solveFinding the wedge by listeningHow the money actually movesA year to build the first versionSolving revenue before expensePledging his house for a sponsor bankLanding the first ten customersChasing minnows instead of whalesWhen vendors go downOwning the stack end to endChannels that wasted timeWhy outbound sales is dead in B2BBuilding the inbound enginePricing against commoditizationFraud data as a value-addThe lawsuit that cost them their bankMaking every customer feel like the biggestWhy buy a bankLightning roundFull show notes: https://saasclub.io/495Join 5,000+ SaaS founders: https://saasclub.io/email