PayFac Tips and Trends for SaaS Growth in the New Year
Where is the embedded payments space heading in the next few years? Eric Frazier, CEO of Payrix, has some predictions. Host, Bob Butler, spoke to Eric about his payments background, the value Payrix provides SaaS companies and the future of embedded payments and global payment facilitation.
Eric’s background includes creatively designing and scaling businesses in the SaaS and FinTech space for the last 30 years. He believes in putting family first and treating everyone the same. He loves sports, travel and is a die-hard Ohio State Buckeye fan.
There’s an ongoing evolution happening in the SaaS industry where most providers realized that they must monetize payments, so according to Eric, it is no longer a question of if but rather when. And globally, embedded payments are gaining traction all over the world and quickly becoming a massive opportunity.
Payrix is on a mission to become the global leader in embedded payments and in doing so, acquired a company in Australia and have their sights set on further global growth to expand and evolve.
Most observers in the space have recognized Payrix as one of the most interesting companies in the industry. In 2021, Payrix saw 100 percent growth. In fact, Payrix has seen 100 percent growth over the last 4 years, as well as being recognized as an Inc. 5000 company and top 100 Fintech company.
According to Eric, payments providers in this space have also begun to look at other Fintech products such as lending, payroll, banking and insurance and how to offer additional opportunities to monetize these solutions.
Eric goes on to talk about exactly how Payrix scaled, grew, innovated and delivered high value solutions to their customers this year, as well as verticals that have high monetization potential. He wraps up by discussing the goals and plans for 2022 to achieve their mission, further their vision and support their SaaS clients to do the same.