Shortly after we started LaunchPad Lab, we lost a check from a client. From that point on, we started exploring all sorts of ways to accept payments for our business, looking for something better.
After testing out all of the existing payment options, we knew what we were looking for - and since it didn’t exist yet, we decided to build an online way to collect payments ourselves. We leveraged our backgrounds in banking and finance, and ultimately set out to build something that would help our business run more efficiently. We thought of it as a “valet service” for collecting money from our customers, so we aptly named it PayValet.
During our private beta, we were lucky to have customers raving about PayValet. We’ve had a wide range of people using it - big names like the Chicago Bulls camps, education schools like The Starter League, and freelancers like LS Creative. The results have been outstanding. Some of our clients are reporting their accounts receivable decreasing by over 70% because of PayValet! That alone makes it worth all the work we put into it.
Ruby on Rails, AngularJS, PCI Compliance
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