FinTech news in Floodgate category

The beauty of having Stanford students within this network was that our Stanford students pulled the other students into the networks that the Stanford students are so fortunate to have. What’s really wonderful about it is that we did have Stanford students, but we had students from University of Texas, with other students from Yale and Penn and WashU, so it it actually spanned multiple different universities . . . and we’re really excited to try to expand to as many universities as possible. And in fact, in the relationships that I have with my students, I will tell certain students who I know really well, ‘You have these incredible skill sets that are so unique and not found in many people that you should go to a large company; you will have so much impact there.’ Now, co-founding partner Ann Miura-Ko and Tyler Whittle, a senior associate with the firm, have developed a new program to help student teams similarly develop an understanding of what big ideas look like — and why most concepts are not big ideas.

In April 2022, American Express and Pymnts.com published a survey that found that about two-thirds of firms that have automated accounts receivable processes report benefiting from improved days sales outstanding (a measure of the average number of days that it takes for a company to collect payment after a sale has been made), while about half said that they achieved lower delinquency rates.