Summary

Caleb Avery, founder and CEO of Tilde, discusses the concept of PayFac as a service and the benefits it offers to vertical software companies. He explains that PayFac stands for payment facilitator and companies like Stripe and Square are examples of well-known payment facilitators. Caleb highlights the advantages of the PayFac model, such as instant digital onboarding and streamlined boarding experiences. He also introduces Tilde's role as a PayFac as a service provider, offering a turnkey white-labeled infrastructure for vertical software companies to quickly embed payments within their platforms.