financial services built around compliance

Los Angeles, CA
Joined January 2024
Price is a feature. Staying approved is the product. Merchants who’ve been dropped before don’t compare bps. They compare who’ll still be there after the first chargeback spike.
Lol pricing in fintech isn't a race to the bottom. Pricing for boring, simple merchants is. The merchants nobody else will underwrite don't shop on bps, they shop on "will my processor still be here in 90 days.” Whole different ballgame.
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Frame retweeted
update: the answer is actually @frame_payments. signed our first customer for this use-case.
who does class action settlement payouts? someone is 100% sitting on a massive low-risk business here.
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Frame retweeted
like everyone else in fintech, i’ll be descending on vegas sunday through tuesday for Money2020. who’s around?
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Your host runs your servers. Your bank runs your banking. Payments is the rare infrastructure that hands the risk back to you. Chargebacks, fraud, compliance: yours by default. Is there a real reason it has to work this way?
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16 accounts to 60,000+ in six months. processing volume driven by these accounts up 895% in 60 days. the growth is exciting, but what we’re building underneath it is the real story. a single infrastructure layer for payments, money movement, risk, and compliance. the more complex the business, the more valuable that becomes. and we’re just getting started.
we started building frameOS in January. ~90 days later, our first accounts were live. six months ago we had 16 accounts. now we're over 60,000. processing volume driven by these accounts is up 895% in the last 60 days alone. the idea behind frameOS is simple. compliance and financial services have operated in separate silos, despite being dependent on each other. we built them into the same system. an account can represent a user, business, or platform. each has capabilities to move money across cards, bank accounts, and wallets, which unlock as verifications like KYC, KYB, adverse media, and geo-compliance pass. we're powering use cases across prediction markets, creator platforms, telemedicine, vertical SaaS, ISVs, and more. compliance shouldn't sit alongside financial infrastructure. it should be part of the infrastructure itself.
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7 questions to test your payments stack: How fast can you launch? How much ops work is manual? How many integrations do you maintain? Can you see fraud in full context? Can you add a payment method easily? A new market? Can you trace a payment end-to-end?
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What is frameOS? One operating layer for payments, onboarding, identity, fraud, disputes, billing, and payouts. Most payment stacks aren’t built. They pile up one vendor at a time, until the hardest part is everything between the tools. framepayments.com/blog/what-…
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Thank you @FJRose for penning this so brilliantly.
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Let there be lift off!
Our YoY growth metric at @frame_payments by the end of this year is gonna look so crazy 🤣🤣 we’ll have to use this gif to represent the graph
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I created the anti-SF Tech Week event. Instead of flying to SF for a week of random slop events, I rented a mansion in Austin and filled it with 17 founders and builders. Work during the day and private chef, BBQ, yoga, pool, exclusive prerelease demos at night. No boring panels. No badges. No bs networking. Follow if you want to know about events like these in the future. Doing this with some friends: @frame_payments @obvious @concentrateai @FireworksAI_HQ @rhobusiness -- @alaxic @amelia_metters @dboskovic @hritik_sapra @valeriyaleo @nehaisfunny @TalMahaj
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Every telehealth site has the soft gradient, the smiling doctor, the tasteful serif. (I've been paid to make that page.) Your processor's underwriter doesn't care. They're reading your prescriber licenses. If they do that after launch, you find out via frozen account.
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We can vouch for it- great product!
90% of humans will be taken advantage of by agents. Give your agents a credit card? You’re asking for it. We raised a $35M Series A to build Baselayer. Keep your agents submissive.
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With all the legislation aimed at Prediction Markets this is likely the type of product they’d need to start adapting to make regulators feel more comfortable for allowing gambling in there state. People have to remember now individual states have the power to regulate what a prediction market does in a given state If a prediction market we’re able to quantifiably say that there users aren’t being irresponsible using metrics I think that they’d like this and it would increase the likelihood a given prediction market gets free operating in a given state At @frame_payments we believe in providing compliance tooling that unblocks high compliance merchants to process payments freely Would you be interested in frame guard ?
Replying to @RickySeeWorld
guardrail score? Frame Guard?
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Replying to @rhobusiness
@rhobusiness is sponsoring our Austin Builder House Oct 4th - 10th! 18 founders & builders, one huge mansion, one week together. Only 3 spots left. Morning yoga + coffee, BBQs, private dinners, VC drop-ins, coworking all day, demos, tons of free swag, and plenty of surprises. Also supported by @obvious @concentrateai @frame_payments Last call: luma.com/0l4a3kvp?UTM=xadrho
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Removing friction and keeping business processing is the key.
building in high-compliance means the risk team @frame_payments has seen some… stuff. we’re going to start sharing more insights. one of the most surprising things we found supporting creator economy companies is how many have almost no system for detecting when their platforms are being used to facilitate sex work. their terms ban it, but the infra often isn’t there to enforce it. so we built it.
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Frame retweeted
building in high-compliance means the risk team @frame_payments has seen some… stuff. we’re going to start sharing more insights. one of the most surprising things we found supporting creator economy companies is how many have almost no system for detecting when their platforms are being used to facilitate sex work. their terms ban it, but the infra often isn’t there to enforce it. so we built it.
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RT @RickySeeWorld: If you are a platform accepting payments from your customers, you have compliance you need to follow. We’re finding most…
This quoted post is unavailable.
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how far can this go?
Replying to @alaxic
wait a minute - how did you do a double quote tweet here ? is this a thing ? ha
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