August 11, 2019

CrewPay Whatupdate No. 13

Hello, crew.

Team Accomplishments & News

• Brought on David Ang this week to assist Sandy and Jason
  

Product Accomplishments & News

• Demoed the updated scheduling/recurring payments feature last week. It will work similarly to scheduling a calendar event in Google Calendar.
• Next-day ACH code ready to test (without SMS). Have decided to hold on releasing this feature until we are confident its use will pay for its Dwolla cost
• Last week we had several fraudulent businesses sign up and attempt to process payments. They were able to verify their bank accounts in Dwolla and invite bogus contractors to pay. Thank you to Joel, Matt and the team for catching it early and working with Dwolla to take care of things before money left bank accounts.
  

Sales, Marketing & Customer Success Accomplishments & News

• Continued list building for target customers
• Website designs should be wrapped up this week
  

Revenue & New Clients

• 9 transactions last week (251 YTD)
  
• $17,837 sent last week ( $661k YTD)
  
• 0 new companies, 2 new contractors added
  
• 11 companies, 8 active in the last month
  

• 69 contractors, 39 active in the last month
  

• Totals
  

  • MRR: $195* 
    
  • ARR: $2,340*
    
  • MRPC: $24.38*
    

  *not charging right now but estimated if we were

Closing Thoughts

Make it work > Make it right > Make it fast > Make it beautiful

This modified quote from Kent Beck comes to mind as we put CrewPay under the microscope this week. It’s time for us to improve the current state of the application as we prepare for releasing our next round of features, like 1099 service and recurring payments.

Have a great week.

Ever,
David