Discussing the future of small business financing solutions with Greg Ott
In today's digital age, the business ecosystem is rapidly evolving. With the rise of closed and open platforms, companies are faced with a myriad of choices. But which model serves the broader segment of small businesses better?
Greg Ott, CEO of Nav Technologies, Inc., delves deep into the nuances of the open platform model and its significance in the current business landscape. He shares invaluable insights on how the open ecosystem can cater to the diverse needs of small businesses, emphasizing the importance of transparency, efficiency and customer-centric solutions.
Key Takeaways:
(07:45) The challenges and limitations of closed ecosystems.
(12:30) Nav's unique approach: Championing the open platform model.
(16:20) The critical role of transparency and efficiency in open ecosystems.
(22:07) The importance of building embedded fintech based on customer insights.
(23:54) The debate: Verticalized versus generalized solutions in the business ecosystem.
(25:17) The strategy of consolidation and its potential benefits for newcomers in the ecosystem.
Resources Mentioned:
Any specific guest you’d like to hear on the show? Leave your suggestions at https://www.smbtechinnovators.com/
Thanks for listening to SMB Tech Innovators, powered by Gusto | Embedded Finance, Vertical SaaS, Payroll API. If you enjoyed this episode, hit the subscribe button and never miss another insightful conversation. And be sure to leave a review to help get the word out about the show.
This episode of The SMB Tech Innovators Podcast is brought to you by Gusto. Gusto has spent a decade building and testing its payroll, tax filing, and compliance infrastructure, which is available as a robust set of APIs so you can develop custom-tailored payroll solutions.
For more information, go to https://gusto.com/
#SMB #Fintech #Innovation #Saas #HR #Payroll #SmallBusiness
