Nathan Latka just interviewed me about my plans to take down Paypal, Venmo, and other such companies in the quest for e-cash domination! Check out episode 262 for the full podcast. Latka asked me about my latest company, Due.com, which was founded with Murray Newlands. Our goal? Put Paypal out of business. Paypal is definitely a monster in the digital financial world, but in my opinion it’s on its way out. This is a very competitive market, but after years in the business I’ve found a way to do it.
Due.com is a platform to help businesses pay and get paid faster, which is the perfect catalyst for taking on Paypal. Launched less than one year ago, the fully self-funded Due.com has experienced great success. In February of this year, transaction volumes were around $4 million and the founder’s cut was about $40,000. Since launching, nearly 30,000 people have joined the “Western Union for the modern world.”
Right now, we have no plans to sell—and after investing almost $500,000 of my own money into Due.com, it may be awhile! In the past, I’ve gone for acquisition offers, but I believe Due.com is something special.
Decide for yourself whether Due.com will take over Paypal by hearing the full podcast:
