Managing global payments in a remote world with Jeeves co-founder/CEO Dileep Thazhmon

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DATE POSTED
August 5, 2021
WRITTEN BY
As everyone quickly realized during the pandemic, remote work and distributed teams are here to stay. How should startups think about managing their global payments? On today’s show, we ask Dileep about the issues with multiple payment rails, bringing on independent contractors as full-time employees, and setting up local and global entities with various forms of credit. About Dileep Dileep is the co-founder and CEO of Jeeves, a company that provides financial infrastructure for global startups. Previously, he was Co-Founder & COO at Jeeng/PowerInbox and M&A Strategy consultant at Deloitte Consulting. He graduated with an MBA from Stanford, and was part of the YC Summer Class of 20.  In this episode we discuss: 02:22 What the distributed workforce market looked like prior to COVID-19 04:33 How COVID changed the global infrastructure stack 06:16 How startups have dealt with hiring remote workers 07:14 Other challenges startups face when paying in local currencies 10:03 Navigating the input-output flow of currencies 11:43 Why most fintechs tend to focus on a single country 13:36 How Jeeves is thinking about the future of multi-faceted payments 14:22 The democratization of single payments across the world 15:53 Suggestions for founders regarding international payroll/ HR risks 18:06 Advice from Dileep as a founder 20:37 Should international employees be hired as independent contractors? 22:29 Over-correcting for success 23:36 Covering third party costs for remote teams 25:44 How should a founder think about hidden/unseen costs in the global market? 27:57 Annual losses to global transaction costs, and why there has not been a solution before 31:09 How non-US entities can benefit from working with Jeeves 33:34 Jeeves’ funding history 36:08 Taking on additional debt 37:01 The future of Jeeves in terms of new markets/product offerings Fast Favorites Podcast The Daily Newsletter/Blog Pro Football Talk Tech Gadget Portable Speakers New Trend Meme Stocks Book The Undercover Economist  by Tim Harford Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.Agency
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Managing global payments in a remote world with Jeeves co-founder/CEO Dileep Thazhmon

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DATE POSTED
August 5, 2021
WRITTEN BY