Fintainium’s Management team shows their chops, bootstrapping the company all the way to customer on-boarding in just over a year.
Jacksonville, FLA– Payments will never be the same.
Fintainium announces a revolutionary new way for businesses to manage payments: Fintainium is a B2B payment platform that helps companies leverage their existing investment in their accounting and ERP systems to improve cashflow, reduce costs and consolidate reconciliation while maintaining flexibility in payment choices. The company is currently in the midst of a Series B round raise. The proceeds of the raise will be utilized to scale infrastructure, technology, and staff to fuel growth.
“In the U.S. it costs at least $2 to issue a check and a minimum of $4 to reconcile an invoice,” says Richard Jackman, Fintainium’s President & CEO. “It also creates a time lag. With $23.5 trillion in B2B payments and 17 billion checks issued by businesses every year, we need to help emerging companies to large enterprises cut costs and save time and money. This is a large market opportunity with plenty of room for innovation and growth”.
Fintainium enables billers and payers to control the way they make and receive payments. Fintainium integrates with existing accounting and ERP systems to reduce business costs while increasing productivity. With an intuitive user interface, the technology provides visibility into the entirety of a company’s payables and receivables by aggregating all vendor/biller data in a single platform. Fintainium is scalable and seamlessly interfaces with existing accounting and ERP systems.
An All-Star Management Team
Fintainium incorporated in January 2018 but has already begun onboarding clients, having bootstrapped the operation to date. Not first to market but quick to market, the company has its management team to thank for a quick build, proof of concept and the kinds of partnerships that are starting to cause disruption in the channel.
Richard Jackman, President & CEO is Fintainium’s founder. He was co-founder and CEO of Money Network, sold to First Data/KKR, and ran North American Sales and P&L during Pomeroy IT Solutions’ meteoric rise, a billion dollar publicly traded company. He holds 4 patents in the fintech space and 5 patents in total. Richard has a strong track record developing and monetizing new product, implementing exit strategies, operations and technology strategies.
Romi Kohli, CTO is Fintainium’s chief architect. He was previously VP of Technology and Operations at Interac, the largest payment processor in Canada, Lead Architect of the payment platform at Royal Bank of Canada and VP of Technology at Everlink a position that won him an innovation award. His innovative and entrepreneurial successes are rooted in his strong and award-winning technical acumen in payments technology along with an agile technical skillset that includes DevOps, cloud-computing and BlockChain. He also serves as Start-up Advisor for The BlockchainHub.
Rene Carnes, CFO, brings finance, risk, and accounting expertise to the table. She has held various C-level positions that utilized her broad finance and accounting expertise including positions at Shell Oil Company, Entergy, GE, and was Professor of Finance at University of Houston. Rene was also a key member on the startup team of The Energy Authority, an energy trading entity, where she also served as Chief Risk Officer and Chief Credit Officer, and has worked for a number of entrepreneurs in key accounting and finance roles.
Strong Partnership Building
Fintainium is making quick inroads, building strong partnerships with multiple large referral partners. At press time, Fintainium will be releasing a joint marketing campaign to offer payment services to over 100,000 partner customers and prospects.
