Today on the Stride 2 Freedom podcast, we chatted with we were fortunate to spend time with Alex Bean, co-founder and Chief Business Officer at Bill.com. Bill.com is a company that literally caught fire in the marketplace, a free service that combines the elegance of digital (and physical) credit cards with the functionality of employee expense management. With over $500MM of capital raised since inception, Bill.com is transforming the financial services landscape for businesses big and small.
What’s really cool about Alex Bean and his business partner is that before starting Bill.com, they weren’t FinTech specialists. They didn’t know the in’s and out’s of payment processors or banking, but they identified a problem in their own small business and knew there had to be a solution. And that my friends, is where the magic happened.
Even when we’re not in a year like 2020, as a small business, it’s crucial to stay within budget and spend smartly. Up until the creation of Bill.com, there weren’t great tools to really help a business maintain its budget and control the spending on employee credit cards. Just like at home, businesses have budgets for how much can be spent on items like supplies or marketing. Bill.com is the only company in the world allowing a business to use a credit card, have a budget, and see them side by side in real-time.
What’s pretty cool about Alex is that with Bill.com, he’s tapped into a few core needs at the human level: security and control. Having control as a business owner is paramount, but the security of not losing the ability to keep a pulse on your pocketbook is even more compelling. Best of all? Bill.com is a free service. I hope you enjoy this chat as we discuss the future of financial technology!
In this Freedom Speaker Series episode with Alex Bean, you will learn:
- How you can solve problems within an industry even if it’s a foreign language to you
- The challenges small businesses face when maintaining budgets
- How Bill.com is able to offer a free service to help business owners manage expenses all in one place
- Why you need to focus on hiring good people who are great at leading others from the start
We are fortunate to have Alex available to spend time with us on this edition of Stride 2 Freedom. If there is a speaker you’d like us to interview, let us know. Stay well. Stay safe. Stay healthy.
Show Notes and Links From Episode:
Alex Bean LinkedIn
Bill.com
Rise and Fall of the Comanches
Turn
Range
Episode Transcript:
Podcast Transcript: Alex Bean – Transforming How Businesses Manage Expenses with Bill.com
