The FinTech Report
The FinTech Report Podcast is a deep dive into the people, platforms and businesses in the fintech sector. Each episode, your host, Glen Frost, will be talking with a leading expert in the fintech field – discussing a broad range of topics from Ai, Core Banking, Payments, Wealth, Lending to FinTech-Bank Partnerships.
Thank you to Vanta for sponsoring this show in 2025 - Vanta is revolutionizing trust management with their proven platform that helps everyone from startup founders to experienced security professionals establish security credentials faster. Their platform helps you achieve critical frameworks like SOC 2 and ISO 27001 while proactively managing vendor risk. For any business, establishing trust isn't optional—it's essential.
The FinTech Report
The FinTech Report Podcast: Episode 24: Interview with Jaco Veldsman, Co-Founder, Paytron
The FinTech Report Podcast: Episode 24: Interview with Jaco Veldsman, Co-Founder, Paytron
We started with payments and accounting, customers then asked us for corporate cards and FX, and Open Banking for Business will be a game changer, says Paytron
Paytron is a cloud-based payments platform built for SMEs and accountants. In 2020, Jaco Veldsman met co-founder Francois Henrion, where they lamented the disparity of finance tools available to SMEs and accountants versus bigger businesses. Together they focused on developing Paytron, an all-in-one payment platform that removed the manual work for SMEs and accountants covering accounts payable, accounts receivable, cashflow management, FX, and payroll and employee expenses.
In this episode we cover:
· Accounting packages haven’t innovated, Paytron saw the opportunity
· Focus is on SMEs, small business up to $100m turnover
· Paytron’s philosophy was to launch fast, and innovate fast
· Laser focus on what the customer wants; out of this came the request for corporate cards
· Partnership with JP Morgan is huge
· FinTech & Banks are a perfect partnership and each brings their own skills and advantages
· Next major problem is business banking, business financing needs, which can include corporate cards
· Business banking needs to change, and Paytron will be moving hard and fast in this sector
· Expansion plans to English speaking Commonwealth countries; NZ, Singapore, South Africa, Canada, UK. The JP Morgan partnership opens up other countries, eg USA
· Great benefits of being in the Commonwealth; same language and very similar regulations, taxes etc
· Paytron will expand into FX (foreign exchange)
· Jaco explains the role of corporate cards
· Jaco explains their amazing funding journey (US VCs as well as Australia), and building the team
· Open Banking is huge and will be big; banks need to ‘choose a side’ says Jaco
· FinTechs can access bank accounts (via Open Banking) and offer new services: when fintechs can have “read and write” access, then fintechs will offer services as well as payments
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