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Financial services are the new wedge | Felicis

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A fter interviewing nearly 100 property managers and 50 Airbnb hosts, Jonathan Sukhia identified a universal problem across these businesses: tracking expenses and managing payments across multiple credit cards, bank accounts, properties, owners, and business entities. Jon, a hospitality veteran who held leadership positions at Airbnb, HotelTonight, and Starwood—was deeply familiar with the challenges within the industry. He knew there was a demand if he could build a company providing specific tools for vacation rental hospitality property managers. “Before we wrote a line of code, we first needed customer buy-in. After speaking to a hundred property managers, it became apparent that existing expense management solutions were lacking, mainly because they failed to tackle the biggest pain points,” explains Jon. “There wasn’t any way to capture and assign transactions back to properties in real-time that could also sync those transactions effortlessly to their ERP and PMS software.” But

reading Financial Services are the New Wedge Ryan Isono 7 min read Financial Services are the New Wedge Pay now, SaaS later March 6, 2024 7 min read Ryan Isono March 6, 2024 Written by R R Ryan Isono Ryan Isono Subscribe to our newsletter Email address Subscribe After interviewing nearly 100 property managers and 50 Airbnb hosts, Jonathan Sukhia identified a universal problem across these businesses: tracking expenses and managing payments across multiple credit cards, bank accounts, properties, owners, and business entities. Jon, a hospitality veteran who held leadership positions at Airbnb,

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