))
#185 - Changing Financial Transactions in the Construction Industry with Matthew Smith from Mazumago
Manage episode 333062689 series 3034863
Content provided by The Conscious Builder Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Conscious Builder Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
MazumaGo began as a payment service for small businesses, but speaking with business owners in the construction industry made Matthew Smith and his Co-Founder realize which industry needed it the most!
Regardless of size, most construction businesses were still using checks to send and receive payments, resulting in long payment delays and cash flow issues along the construction supply chain.
Their team kept asking, “Why is it so hard for contractors to send large payments online?” and decided to focus exclusively on digitizing construction payments. It is their mission to enable all construction companies to move money instantly and freely, without the barriers of traditional banking.
Plans - Passive Design Solutions - The Conscious Builder
The Conscious Builder Promo (mazumago.com)
2:40 Background - software engineer
3:30 Why are we still using cheques?
3:55 System built in the 70’s
8:12 How does Mazumago work
12:00 Surcharges
20:58 Operations costs
247 episodes
Share
