Due is a fintech company specializing in providing comprehensive payment solutions tailored for freelancers and small business owners. Established in 2015, Due offers a suite of services including online invoicing, credit card processing, digital wallets, and time-tracking tools, all designed to streamline financial operations for its users. The company's mission is to simplify online payments, enabling individuals and businesses to focus on their core activities without the complexities of financial management.
Key Strategic Focus
Due's strategic focus centers on delivering user-friendly, efficient, and secure payment processing solutions. The company specializes in:
- Online Invoicing: Enabling users to create professional invoices with ease.
- Credit Card Processing: Offering flat-rate transaction fees for both domestic and international payments.
- Digital Wallets: Providing a secure platform to store payment information and funds.
- Time-Tracking Tools: Assisting users in monitoring billable hours effectively.
By integrating these services, Due aims to cater to the financial needs of freelancers and small businesses, ensuring seamless and efficient financial transactions.
Financials and Funding
As of the latest available data, Due has an estimated annual revenue of approximately $4.9 million, with a revenue per employee of around $104,000. The company has experienced an employee growth rate of 7% over the past year. Specific details regarding funding rounds and investors are not publicly disclosed.
Technological Platform and Innovation
Due leverages a robust technological platform to deliver its services, incorporating:
- Content Management System: Utilizing WordPress for website management.
- Web Analytics: Employing Google Analytics to monitor and analyze web traffic.
- Programming Languages: Implementing PHP for backend development.
- Web Servers: Operating on Apache servers to ensure reliable service delivery.
These technologies collectively contribute to Due's ability to offer secure, efficient, and user-friendly payment solutions.
Leadership Team
Due's leadership comprises experienced professionals dedicated to advancing the company's mission:
- John Rampton: Founder and CEO, overseeing strategic direction and overall operations.
- Chalmers Brown: Founder and CTO, responsible for technological development and innovation.
- Franklin Manuel: Vice President of Product, leading product development initiatives.
- Angela Ruth: Director of Marketing, managing marketing strategies and outreach.
This team brings a wealth of experience in fintech and technology sectors, driving Due's growth and service excellence.
Competitor Profile
Due operates in a competitive landscape alongside several notable companies:
- Square: Founded in 2009, Square offers a range of financial services, including payment processing and point-of-sale systems.
- PayPal: Established in 1998, PayPal provides online payment solutions and has a significant global presence.
- Walletron: Founded in 2013, Walletron specializes in mobile wallet solutions for businesses.
These competitors offer similar services, making the market highly competitive.
Strategic Collaborations and Partnerships
Due has integrated with major payment platforms such as PayPal and Stripe, enhancing its service offerings and providing users with diverse payment options. These collaborations strengthen Due's market position and expand its capabilities in the payment processing industry.
Operational Insights
Due's strategic considerations include:
- Market Position: Focusing on freelancers and small businesses to carve out a niche in the payment processing sector.
- Competitive Advantages: Offering a comprehensive suite of services, including invoicing, payment processing, and time tracking, to differentiate from competitors.
By addressing the specific needs of its target market, Due aims to maintain a competitive edge in the industry.
Strategic Opportunities and Future Directions
Looking ahead, Due plans to:
- Expand Service Offerings: Introduce new features and tools to meet evolving customer needs.
- Enhance Technological Infrastructure: Invest in advanced technologies to improve service efficiency and security.
- Explore New Markets: Identify and enter emerging markets to broaden its customer base.
Leveraging its current strengths, Due is well-positioned to capitalize on these opportunities and achieve its future objectives.
Contact Information
- Website: due.com
- LinkedIn: linkedin.com/company/due
Due's headquarters are located in Palo Alto, California, United States.
