Your success is our goal.
Your success is our goal.
Every company needs to pay and be paid. Managing payments as a strategic asset versus a cost center can be the difference between success and failure for any B2B or B2C company.
Financial technology (commonly known as fintech) offers merchants and other corporates (M&Cs) an opportunity to use technology to improve how payments are made and collected. Done well, fintech solutions can dramatically reduce costs (e.g., through credit card alternatives), and reduce risks (e.g. through fraud solutions), while also increasing revenues, (for example through offering short or long term financing like BNPL or longer term, regulated consumer loans). And 99FT offers a skin-in-the-game approach to enable virtually any size organization innovate and take advantage of market opportunities.
99FT can help your organization in a variety of ways, such as:
Building such fintech solutions in-house vs. licensing from existing fintech companies or traditional FIs can be a better route to take than waiting for the fintech, banks and other FIs to offer them. In some cases, banks are so tied to revenues from legacy solutions, that they will not offer fintech solutions that might cannibalize the old way of doing business. This creates an important opportunity and strategic obligation for M&Cs to own their own fintech, particularly payment and regulated lending strategies.
Further, payments and lending solutions once offered exclusively by traditional financial institutions are now readily available, and often at much more affordable prices, from fintechs and other non-financial institutions. While these firms can introduce risks of their own, they are often the most advanced and innovative providers of solutions. Standing up a payments team within a merchant or corporate may be seen as a luxury many feel they cannot justify. Many may believe that only M&Cs of massive size and market capitalization (e.g., Amazon with Amazon Pay) can afford to build teams of internal fintech experts or afford to use expensive consulting resources.
If your company fits into this category, we can help. By investing in your project, we partner to achieve fintech results, generating tangible outcomes. This reduces owners’ out of pocket costs and risks and aligns interests in project returns, not consulting fees. And if your unique situation, size, strategy, existing capabilities, etc. ultimately make a third-party solution a better fit, we will tell you so. We provide concrete, actionable recommendations and implementation roadmaps for initiatives such as selecting a new processor or integrating third-party solutions.
99FT’s practice areas span all critical organizational needs, including Strategy, Execution & Operational Excellence; Regulatory & Compliance; Risk Management, M&A Services and CFO Advisory Services. And our team’s deep hands-on experience covers a very broad gamut of fintech products and markets, including embedded finance, POS lending, card payments, B2B payments and small business lending, and others. In short, we have the breadth and know-how to help you innovate, transform, and succeed. And yet, 99FT is a small nimble boutique with flexible work arrangements.
99FT is led by a team of very experienced financial services executives who have advised, built and operated global fintech companies. Comprised of former CEOs, CFOs, a CRO, a regulator, and partners from the largest consulting firms in the world, the 99FT team has previously launched and stood up fully regulated, operational fintech, payments and lending solutions in under 12 months.
PE firms improve fintech portfolio company performance and identify and assess new targets
Banks and FIs achieve market impact beyond their own walls
Fintechs overcome typical points of failure and accelerate growth
Merchants and corporates enable new capabilities and efficiencies, such as converting payment expenses into revenue streams
At 99FT, we guarantee our results by investing in every project we undertake. This can be through discounted fees, contributions of financial capital, or offering our own IP, tech, and operational assets. That makes us a true partner and not just a good consulting firm charging high rates for smart people. We want to be your partner.