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How VizyPay Reached $21.5M Revenue and 13,000 Customers Serving Rural Small Businesses (Interview with CEO Austin Mac Nab)

Austin Mac Nab (CEO and Founder of VizyPay) spoke to Nathan Latka on March 13, 2024.

VizyPay figures from the interview

Revenue (2023)
$21.5M
Gross Margin (2024)
57%
Signed Customers (2024)
13,000+
Full-Time Employees (2024)
95
“Yeah. I mean, that's been kind of our differentiator since we started and that's, I think, helped us excel to the next level being bootstrapped from the beginning till today is we are focused strictly on, you know, rural American communities, which we believe technology is passing them by specifically in the payment space.”
“We so from 2022 to 2023, our growth is about 19%. So we went from 18,000,000 to about 21,500,000 of revenue. Yep. This year, we're anticipating to do around 26 and a half as kind of our our revenue projections and goals.”
“The case was we grew by 19%. We went from 18 to 21 and a half. And all we had to do is say, alright. Why why was there a gap? Where where did we fail, but not really fail, but we can learn from so we can make 2024 a better year to get closer to the goals we wanna reach.”

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How VizyPay Grew from $96K to $18M Revenue Bootstrapped While Serving Rural America (Interview with CEO Austin Mac Nab)

Austin Mac Nab (Co-Founder and CEO of VizyPay) spoke to Nathan Latka on February 13, 2023.

VizyPay figures from the interview

Revenue (2022)
$18M
Revenue (2021)
$12.7M
Customers (2023)
10,000+
Team Size (2023)
130
Year Founded
2017
“If you buy the piece of equipment, everything's month to month here. Okay. If you decide to buy it upfront, it's month to month. If you decide to do a payment plan, because we do interest free payment plans for our clients, if they wanna buy that, that's also month to month. But if they want us to contribute $2,000, $3,000, $4,000 to the location, we do ask for a thirty six month term.”
“We our revenue that year was $96,000. In 2021, it was $12,700,000 This last past year was close to $18,000,000 and this year, we're projected to do close to $30,000,000 and growing. And that's all bootstrapped.”
“This year, we should process well over $2,000,000,000 of processing volume.”

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Bio

Austin Mac Nab is CEO and Founder of VizyPay, a Waukee-based provider of payment technology solutions for rural small businesses across the U.S. With over 19 years of experience, Mac Nab is an expert in the payment processing, bank card and retail industries. In 2017, Mac Nab launched VizyPay with the goal of disrupting the status quo of the payments space to help rural small businesses level up their operations and save money on processing fees.

Company

VizyPay

Waukee, United States · Founded 2017

Revenue
$21.5M
Funding
$1.5M
Team size
95
Customers
13K

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