Episode Details

Did you know that in the UK consumers lose £2 Billion per year on unwanted subscriptions? Yes the ones that you join a trial and then forget about and boom! 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 takes us through her story on what inspired her to start ScribePay. ScribePay is a UK FinTech that allows consumers to track all their subscriptions in one place so that you are not caught off-guard when charged again! We go deep into what is the source of the problem - as simple as a distinction between subscriptions and recurring payment, how ScribePay brings control back to customers, and Delphine’s challenges fundraising as a woman of colour.

Let’s dive into it!

👉 You can find Delphine here

• LinkedIn: https://www.linkedin.com/in/delphine-emenyonu-2602744/
• Website: https://getscribepay.co.uk/

👉 And you can find Monica here:

• LinkedIn: https://www.linkedin.com/in/monicamillares/
• YouTube: https://www.youtube.com/@moni_millares
• TikTok: https://www.tiktok.com/@moni_millares
• Website: https://moni-millares.mystrikingly.com/

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In this Purpose Driven FinTech episode we cover:

(0:02:02) Dealing with failure and tough times

(0:05:47) Believing in oneself and taking charge of one's destiny

(0:07:29) The role of purpose FinTech and how it can make a difference in communities

(0:10:04) Scribepay to reengineer the way people pay for subscriptions

(0:13:22) Impact of wasted money on subscriptions and the stress and anxiety it causes

(0:14:34) Pain points experienced by consumers and content creators when it comes to subscriptions

(0:18:17) Growth of subscriptions and the need for organizations to distinguish between subscriptions and direct debits

(0:20:45) Scribepay unique features and controls

(0:24:36) Product development and customer research and iterating based on feedback

(0:27:20) Challenges of accessing funding and the need for more support for women in FinTech

SEARCH QUESTIONS

• How to manage unwanted subscriptions?
• What is the difference between subscriptions and direct debits?
• How much money is wasted on forgotten subscriptions?
• What is continuous payment authorization?
• How to get control over subscription payments?
• What are subscription traps and free trials?
• How to track all subscriptions in one place?
• What is the future of subscription management?
• How to prevent auto-renewal charges?
• What are the pain points of subscription payments?
• How to budget for multiple currency subscriptions?
• What is an e-money wallet for subscriptions?
• How to cancel subscriptions while sleeping?
• What are the challenges of fundraising as a woman of colour?
• How to build community-focused FinTech products?
• What is the subscription economy growth rate?