Fintech platform for instant payments and open banking
Zūm Rails grew through multiple channels including inbound lead generation, which helped develop initial connections with major customers and investors. The company also expanded by building a partner portal that connected it with major financial networks, allowing hundreds of businesses to join the platform through single partnerships. Additionally, direct sales to businesses and leveraging existing integrations contributed to acquiring early clients who needed payment features within their software platforms.
“Number one is sell directly to businesses and a lot of them come from Versa pay which is Mark's background or even from flinks knowing that they had these issues. So selling and especially with markets, he was selling directly EFT to his clients.”
“I took advantage of LinkedIn and started posting about my journey as a bootstrapped tech founder. Many of the stories centered around how we scaled Zūm Rails from zero to seven figures in recurring revenue—and several went viral.”
“So we integrate us and they'd say, OK, we work with all the mortgage brokers and then or we work with all these lenders and we would sell to them and then they would resell it back to their businesses.”
“This strategy led to inbound lead generation, developing initial connections with some of our biggest customers, and even finding our eventual investor, Arthur Ventures.”
“So the first 50 clients were mostly from his Rolodex from his integrations that he's already done and what kind of clients were those they just needed payment Features within their software platform.”
“Building our business model around our partner portal has also been a significant contributor to our growth. It has brought Zūm into the same networks as major financial players, including Visa, Mastercard, MX, and Fiserv. By enabling these companies to offer Zūm’s payment capabilities to their c...”