Time to Money

Time to money as a competitive advantage

One thread I connected pretty late at Cash App was that speeding up time-to money for a given transaction creates more value than is obvious. The richer you are, the less likely you are to get this. When people describe the success of Stripe or Square, they almost always will mention the mobile reader and design quality in Square’s case, or the deep developer focus in Stripe’s case. They rarely mention that in addition to those things, both companies gave you your funds from processed card payments the next day, while before 2009,  industry standard was 7-10 days.

Because of this, businesses using Stripe/Square had a lower inherent working capital need than others. 

What is time-to-money?

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