Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
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Content provided by Ben Murray. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ben Murray or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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$77M Raised to Dominate the Laundromat Vertical
Manage episode 445270994 series 3458049
Content provided by Ben Murray. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ben Murray or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Welcome to another episode of The SaaS CFO Podcast! Today, we're thrilled to have a special guest, Alex Jekowsky, co-founder and CEO of Cents, as he joins our host, Ben, to delve into the dynamic world of modern laundromat management. Alex's unique journey from founding a payments platform for college campuses to investing in laundromats led him to identify a significant gap in sophisticated software solutions for the industry.
In this episode, we'll explore how Cents provides an all-in-one solution for laundromats, combining software and hardware to streamline operations and enhance customer experience. We'll also discuss the importance of a high-quality onboarding process to reduce churn, the role of fulfillment centers, and the company's strategic approach to revenue streams, including subscriptions, processing, and hardware sales. Alex will share insights on fundraising, emphasizing the importance of aligning with investors and the role of storytelling and metrics in securing capital.
Tune in to discover how Cents is revolutionizing the laundromat industry, covering thousands of locations across the U.S., and aiming for triple-digit growth with innovative solutions and a dedicated team. If you're interested in the intersection of SaaS, fintech, and the laundry industry, you won't want to miss this informative and inspiring conversation. Stay tuned!
Show Notes:
00:00 Considered investing in laundromats after Moto acquisition.
04:13 POS for laundromats enhances service management efficiency.
08:09 High-touch support with streamlined onboarding and implementation.
09:59 Focus on recurring revenue, hardware as loss leader.
15:28 Expanding laundry services across diverse real estate sectors.
17:51 Selling software and hardware through strong distribution.
21:13 Strategic M&A leverages market opportunities for growth.
24:04 Fundraise strategically; tailor stages to investors' expectations.
29:05 Focusing on innovation and deeper laundry industry integration.
30:25 Hiring for various roles; open to connections.
Links:
SaaS Fundraising Stories: https://www.thesaasnews.com/news/cents-raises-40-million-in-series-b
Alex Jekowsky’s LinkedIn: https://www.linkedin.com/in/ajekowsky/
Cents LinkedIn: https://www.linkedin.com/company/trycents/
Cents Website: https://www.trycents.com/
To learn more about Ben check out the links below:
Subscribe to Ben’s daily metrics newsletter: https://saasmetricsschool.beehiiv.com/subscribe
Subscribe to Ben’s SaaS newsletter: https://mailchi.mp/df1db6bf8bca/the-saas-cfo-sign-up-landing-page
SaaS Metrics courses here: https://www.thesaasacademy.com/
Join Ben’s SaaS community here: https://www.thesaasacademy.com/offers/ivNjwYDx/checkout
Follow Ben on LinkedIn: https://www.linkedin.com/in/benrmurray
195 episodes
Share
Manage episode 445270994 series 3458049
Content provided by Ben Murray. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ben Murray or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Welcome to another episode of The SaaS CFO Podcast! Today, we're thrilled to have a special guest, Alex Jekowsky, co-founder and CEO of Cents, as he joins our host, Ben, to delve into the dynamic world of modern laundromat management. Alex's unique journey from founding a payments platform for college campuses to investing in laundromats led him to identify a significant gap in sophisticated software solutions for the industry.
In this episode, we'll explore how Cents provides an all-in-one solution for laundromats, combining software and hardware to streamline operations and enhance customer experience. We'll also discuss the importance of a high-quality onboarding process to reduce churn, the role of fulfillment centers, and the company's strategic approach to revenue streams, including subscriptions, processing, and hardware sales. Alex will share insights on fundraising, emphasizing the importance of aligning with investors and the role of storytelling and metrics in securing capital.
Tune in to discover how Cents is revolutionizing the laundromat industry, covering thousands of locations across the U.S., and aiming for triple-digit growth with innovative solutions and a dedicated team. If you're interested in the intersection of SaaS, fintech, and the laundry industry, you won't want to miss this informative and inspiring conversation. Stay tuned!
Show Notes:
00:00 Considered investing in laundromats after Moto acquisition.
04:13 POS for laundromats enhances service management efficiency.
08:09 High-touch support with streamlined onboarding and implementation.
09:59 Focus on recurring revenue, hardware as loss leader.
15:28 Expanding laundry services across diverse real estate sectors.
17:51 Selling software and hardware through strong distribution.
21:13 Strategic M&A leverages market opportunities for growth.
24:04 Fundraise strategically; tailor stages to investors' expectations.
29:05 Focusing on innovation and deeper laundry industry integration.
30:25 Hiring for various roles; open to connections.
Links:
SaaS Fundraising Stories: https://www.thesaasnews.com/news/cents-raises-40-million-in-series-b
Alex Jekowsky’s LinkedIn: https://www.linkedin.com/in/ajekowsky/
Cents LinkedIn: https://www.linkedin.com/company/trycents/
Cents Website: https://www.trycents.com/
To learn more about Ben check out the links below:
Subscribe to Ben’s daily metrics newsletter: https://saasmetricsschool.beehiiv.com/subscribe
Subscribe to Ben’s SaaS newsletter: https://mailchi.mp/df1db6bf8bca/the-saas-cfo-sign-up-landing-page
SaaS Metrics courses here: https://www.thesaasacademy.com/
Join Ben’s SaaS community here: https://www.thesaasacademy.com/offers/ivNjwYDx/checkout
Follow Ben on LinkedIn: https://www.linkedin.com/in/benrmurray
195 episodes
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Similar to The SaaS CFO
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Stephan Piscano founder of The Real Estate Networking Group the largest real estate group online interviews experts in real estate, finance, sports, motivation and more as we use common sense concepts to give investors insights on financial markets and have a lot of fun talking sports, politics and business motivation as well!
…
continue reading
Where startup founders raise millions and listeners can invest. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
continue reading
The fun email marketing podcast. Sell more of your online courses, grow your membership and bring in more coaching clients with email marketing that doesn't stink. Sound good? Then join your fellow Email Marketing Heroes for your weekly dose of fun, practical, yet brutally honest email marketing advice. You can listen in to a piping hot, fresh episode every 'Email Marketing Wednesday' or if you prefer learning with your eyes instead of your ears, we turn each episode into a full written blog ...
…
continue reading
Alessandro Bogliari, CEO and Co-Founder of The Influencer Marketing Factory, a global influencer marketing agency, talks with great guests about influencer marketing, social media, the creator economy, social commerce and much more.
…
continue reading
A daily show for everyone who works a regular job and wants to start an income-earning project on the side. In each episode, listeners will hear a different story of someone who's started a side hustle—along with what went well, how that person overcame challenges, and what happened as a result. The show is written and hosted by Chris Guillebeau, the New York Times bestselling author of The $100 Startup, The Happiness of Pursuit, and other books. Sales and Distribution by Lemonada Media http ...
…
continue reading
The Greatness Machine is on a Quest to Maximize the Human Experience! Join Award Winning CEO and Author, Darius Mirshahzadeh (pron. Mer-shaw-za-day), as he interviews some of the greatest minds in the world―turning their wisdom and experience into learnings and advice you can use in your life so that you can level up and create greatness. Join Darius as he goes deep with guests like: Moby, Seth Godin, Gabby Reece, Amanda Knox, UFC Ring Announcer Bruce Buffer, Former FBI Negotiator Chris Voss ...
…
continue reading
1
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4k1k
Let’s face it, Real estate education has lost the script. Everybody “claims” to have the secret sauce. They get you to sign up, get you to bite on a “magic” formula, but there’s no real tools to get there. There’s so much talk, no practical steps. It’s not instructional, it’s hype. The ideas aren’t focused on your success, it’s focused on theirs. Well, it doesn’t have to be that way. If you’ve been searching for a way to escape the rat race and achieve true financial freedom wholesaling real ...
…
continue reading
Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Hubspot's SVP of Marketing), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
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Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
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