Duy Vo
- Founder at Productfy
GetLatka interview
How Productfy Raised a $16M Series A to Let Any Organization Launch a Credit-Union-Like Product in Under a Week (Interview with Founder Duy Vo)
Duy Vo (Founder of Productfy) spoke to Nathan Latka on December 8, 2021.
Productfy figures from the interview
- Series A Raised (2021)
- $16M
- Total Funding
- $18.63M
- Team Size (2021)
- 30
- Engineers (2021)
- 17
- Year Founded
- 2018
“We realized that we needed to create a marketplace for companies who aren't into banking, who aren't into financial services to better serve their end users. Imagine the power of a university that can offer a secure checking, a secure credit card, checking, savings account to its student.”
“Our early customers are all fintechs at this point. They basically have integrated with our APIs. But what we wanna do is we wanna expand beyond the world of fintechs and move into clients that are not solely financial services.”
“We try to be very, very startup friendly. So, we're talking very, very minimal program management fees in the hundreds of dollars until you go live and into the low thousands per month. And then we charge on ACH, on KYC, on wires, and then we split the interchange on revenue. We split the interchange rev share.”
Bio
Duy started Productfy with the thesis that financial services is moving to the edge, where the user experience is. Duy is a product leader, having spent much of his career at FinTechs and InsureTechs. He is deeply passionate about financial services because he believes that the sector has both a huge opportunity and tremendous moral obligation to do societal good, and it’s largely failed our most vulnerable populations. He believes in the democratization of financial products and is committed to changing the way financial products are built… for good!