{ "docId": "019f6b8f-4fcd-7608-ba1f-3ea1cb96fbb1", "docSlug": "jarvis-paymongo-seriesa-investment-memo", "documentTitle": "PayMongo seriesA investment memo", "authorId": "paymongo-seriesa-investment-memo", "authorName": null, "documentKindSlug": "document", "documentKindLabel": "Document", "sourceTypeSlug": "independent_analyst", "sourceTypeLabel": "Independent analyst", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 7, "pageCount": 14, "prevPage": 6, "nextPage": 8, "slideType": "competitive_analysis", "function": "compare_peers", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019f6b8f-4fcd-7608-ba1f-3ea1cb96fbb1/7", "deckHref": "/decks/019f6b8f-4fcd-7608-ba1f-3ea1cb96fbb1", "deckJsonHref": "/decks/019f6b8f-4fcd-7608-ba1f-3ea1cb96fbb1.json", "deckAnchorHref": "/decks/019f6b8f-4fcd-7608-ba1f-3ea1cb96fbb1#slide-7", "components": [ { "bbox": { "h": 0.155, "w": 0.333, "x": 0.333, "y": 0.191 }, "kind": "list", "text": "Fast merchant onboarding and KYC process\nDirect APIs that developers can build applications on top of payments\nModern underwriting so that merchants no longer need direct agreement with payment channels\nNo code products and e-commerce plugins to facilitate payment transactions\nAutomated direct to bank settlements for merchants\nBuilt-in fraud detection and risk management systems", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b4fe5015-aa6b-4205-b265-9eaff49e07a0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.333, "x": 0.333, "y": 0.143 }, "kind": "paragraph", "text": "PayMongo simplifies payments by building layers of abstractions, removing complexities from each component of the payment value chain:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1b8dbe54-bae1-4f4c-98ac-490a440c5ca9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.075, "w": 0.333, "x": 0.333, "y": 0.65 }, "kind": "paragraph", "text": "As the newest kid in the block, PayMongo has already started to challenge the position of legacy players. For what it's worth, we believe that our product is a lot more superior to our competitor's on the market. Our customers love the attention we put in our products. We stay true to our core of building the right abstractions so that payments remain easy for our customers—we do the heavy lifting.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "61ec2813-fc57-4a41-99b5-8182c116720c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.125, "w": 0.333, "x": 0.333, "y": 0.507 }, "kind": "paragraph", "text": "I think it may also be worth mentioning that we compete with cash, which is still largely king. However, we see a substantial shift towards digital payments and e-commerce (which was partly accelerated by the COVID-19 pandemic). The central bank has heavily pushed policies to enable more digital transactions and banks have launched different digital initiatives over the last two years. Cash, while still king, may not hold the stature for too long. Building the right payments infrastructure to facilitate this rapid shift is necessary to help businesses grow and thrive.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6d4ea992-adb3-4a03-9e97-05be3535a8be", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.075, "w": 0.333, "x": 0.333, "y": 0.415 }, "kind": "paragraph", "text": "Indirectly, as we build higher up the stack of the infrastructure, we may compete against other system providers: electronic KYC, fraud and risk detection engines, no-code e-commerce services such as product pages and checkout forms, direct debit exchange networks and direct-to-bank settlement services that are currently dominated by legacy financial service providers.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9f61c28a-90b0-4a1c-a3c8-483218b8c7d2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.333, "x": 0.333, "y": 0.363 }, "kind": "paragraph", "text": "On the surface, PayMongo directly competes with both traditional bank and non-bank players as well as fintech companies in the payments space.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d19c5b43-628b-44c4-94a8-3acf4c034c37", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.095, "x": 0.333, "y": 0.101 }, "kind": "title", "text": "Competition", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9e529f65-87e6-4614-bae0-aa114c0b0eab", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 7, "from": 7, "beatId": "d5fc9138-aa87-4fb2-8df2-ee6e24907214", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Competition", "beatSlug": "sequoia-pitch-competition", "evidence": "The document analyzes the competitive landscape", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 13, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "da0f5e5a-280c-4bec-bb3a-e32aed66cb98", "evidence": "The document presents a problem statement and then offers a solution", "position": 0, "objective": "Highlight the consequences of not investing in PayMongo", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }