ScribePay’s Post

In the UK consumers lose £2 Billion per year on unwanted subscriptions 💥 Yes the ones that you join a trial and then forget about you get charged by surprise This in turn creates financial stress, mainly to individuals, freelancers and small businesses Even though it’s a big pain point, somehow it is still underserved... till now! Delphine Emenyonu Co-founder of ScribePay has taken on the challenge and shares with us the detail behind the painpoint... and more importantly, the solution! 🚀 Yes ladies and gentlemen, we can do something about it! Building a startup comes with challenges, and she opens up about her journey fundraising as a woman of colour Thanks Delphine for such a fruitful conversation, and your generosity with your wisdom and time! Wishing you and ScribePay all the very best! Links to the full episode below 👇 Cheers, Monica 💜 #fintech #careers #productmanagement #financialservices #digitalbanking

https://lnkd.in/eWqp6kEQ Last week’s Financial Times featured an article looking at the huge cost of failing to cancel subscriptions; which could be boosting revenues for some businesses by up to 200% ! This is the exact problem that early-stage tech company ScribePay is addressing. Using virtual card technology and other infrastructure provided by Lerex and clever alert and management features in their app, ScribePay puts the users in control and helps them to manage subscriptions more efficiently. Like many great applications, the idea came to Founder Delphine Emenyonu when needing to scratch her own itch. Delphine was the victim of a “free subscription” that ended up costing her more than £75 and proved extremely difficult to cancel.