From Pitch Competitions To $1 Billion Valuation: How Suneera Madhani Found A Smarter Way To Process Payments With Stax

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Suneera Madhani’s fintech company, Stax, has processed over $23 billion in payments for 22,000 businesses.

, has processed over $23 billion in payments for 22,000 businesses. With a growth rate of more than 500% year over year, Stax has tripled its valuation leading the company into unicorn territory. But Madhani’s beginnings with Stax weren’t always this gleaming. The first-generation Pakistani American found herself with an ‘aha’ moment while she was newly out of college working at a fintech company that was still operating in an old-school manner.

When she presented this solution to her higher ups she was quickly rejected which made her realize she had to pursue the idea on her own. “Having never had a seat at the table, I was always kind of fighting/having to prove I belonged. Once I realized there isn't a table for me to sit at, I decided I’d have to build my own. I have always been underestimated. I see it happen in every meeting with the banks, investors, and venture capitalists of the world.

 

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