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> It will be fascinating to see what happens as these two companies expand to compete with each other Very unlikely, as both markets (smb payments and enterpri
by polote 6y ago
> It will be fascinating to see what happens as these two companies expand to compete with each other
Very unlikely, as both markets (smb payments and enterprise payments) is unlimited, there is a few chance they will try to compete with each other. On the other hand almost no company is able to be a leader in both the smb and enterprise space, because as you mentioned it, the cultures need to be different, the customer support need to be different, the product need to be different,... More info here : https://blog.luap.info/why-most-saas-companies-cant-be-successful-with-both-enterprise-and-smb-customers.html https://blog.luap.info/why-most-saas-companies-cant-be-succe...
- zbentley 6y ago> both markets (smb payments and enterprise payments) is unlimited What? There are only so many companies in need of (or open to changing) payment processing software at a given time. When it comes to larger firms, those numbers get smaller. That's the opposite of unlimited.
- nogabebop23 6y agoWell, as a single illustrative data point, retail sales numbers were announced for Canada this morning. Coming out of the pandemic lock-down total sales up 18%, online up 100+% but still only accounts for 8% of total retail. That leaves a lot of greenfield market to go after without ever competing.
- ivanche 6y agoI wouldn't be surprised if "so many" turns to be > 1 000 000.
- take_a_breath 6y ago==On the other hand almost no company is able to be a leader in both the smb and enterprise space== Concur, Microsoft Office, GSuite, Tableau, DocuSign, Salesforce, Adobe, Slack and Zoom to name a few.