Let’s take some time to celebrate and thank the women who go out to change the world for the better every day: tag someone who inspires you.
In today’s newsletter: better recurring payments, prettier charts and graphs, and 100+ ways to build an audience before you build a business.
Makers Carolina Nucamendi and Brenna Curran originally launched Waivr as a consumer app to prevent unnecessary bank and credit card fees.
The app worked by alerting users when their account went into overdraft. Waivr would then bring the account balance back up to $0.00 — before the bank could process any fees. Ditto for credit card late fees: Waivr would spare users by picking up the minimum due.
A data-driven pivot: Two years on — almost to the date — they’re relaunching as Waivr API: a Pay By Bank protocol designed to eliminate the problem of failed payments for both users and merchants. Why? Data analysis with existing customers led the Waivr team to a key insight.
Subscriptions often cause fees: Co-founder Brenna Curran discovered that recurring payments often bounce owing to subscriptions being charged at inconvenient times. “Typically, there was just a cash flow misalignment between when an individual gets paid and when they were charged for a product,” she shares.
How Waivr API works to solve failed payments: For individual users, Waivr promises no bounces and no failed payments. This is owing to their use of a hybrid Same Day ACH and Real Time Payments (RTP) network to move money from customer to merchant at cheaper rates.
Solving problems for both businesses and people: For merchants charging recurring payments or for subscription products, using Waivr API can reduce failed payments and improve customer retention by eliminating bounces and payment failures. Can you imagine? No more churn from expired cards.
“Credit card perks [like Starbucks or airfares] for educated, usually urban professionals are being subsidized by people who have less,” according to a recent story from the New York Times titled, ‘The Dirty Little Secret of Credit Card Rewards Programs.’ These are exactly the problems Curran and Nucamendi are working to get ahead of.
WorkOS is a modern identity and user management platform that enables B2B SaaS companies to accelerate enterprise adoption. Free up to 1 million MAUs, WorkOS brings a modular approach to B2B Auth with enterprise-ready features like SSO, SCIM, and User Management.
The APIs are flexible and easy to use, designed to provide an effortless experience from your first user all the way through your largest enterprise customer.
Today, hundreds of high-growth scale-ups are already powered by WorkOS, including ones you probably know, like Vercel, Webflow, and Loom.
- Graphy Lite is a minimalist chart builder with shareable interactive embeds for products like Slides, Notion, and Miro.
- AI Lawyer is a ChatGPT-powered legal assistant designed for legal research and advanced document functions like summaries, comparisons, and contracts.
- StockAlgos.com Insiders Tool lets users see insider trading and selling patterns.
- Chat.D-ID enables people to video chat with artificial intelligence on human terms.
- Audience First - Handbook contains 100+ tips and tools to help makers build an audience before starting a business.
- Infisical helps developers manage secrets and environment variables across teams, devices, and infrastructure with an open-source, end-to-end encrypted platform.
- BitsForDigits makes it free and anonymous for $100K+ revenue startups and business owners to attract full and partial acquisition offers.