I can’t think of any scenario described in the post that Venmo wouldn’t handle.
One person is the admin of the collective or company bank account, and repays people as needed using Venmo.
If all of that has to be free - no transaction fees, etc - then there is no business there to build. I wonder if revenue wasn’t also a problem for this startup.
One person is the admin of the collective or company bank account, and repays people as needed using Venmo.
If all of that has to be free - no transaction fees, etc - then there is no business there to build. I wonder if revenue wasn’t also a problem for this startup.