4.6 • 683 Ratings
🗓️ 30 December 2019
⏱️ 11 minutes
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https://www.linkedin.com/in/michaeljasonprince/
With WalletCard occupational health & safety records are easily & automatically updated to reduce the administrative burden of training management. With a collaborative digital safety record at its core: the technology eliminates manual tracking of fragmented paper records by consolidating all documentation into one cloud solution to prove due diligence. The Platform is a lost-cost solution leveraging platform-mediated growth between users as 3rd party training providers issue Verified digital occupational H&S records inviting new companies to utilize the platform by cross integrating with existing systems (HR/ERP)- reducing administration of onboarding data.
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0:00.0 | launched his company wallet pro back a couple years ago, call it 2014, sorry, wallet card |
0:04.5 | launched in 2014. Now, 120 customers doing about 10 grand a month in revenue up from |
0:08.3 | $1,500 a month just a year ago. They raised about $500,000, currently burning about $15,000 a month |
0:13.6 | with their team of seven between Austin and Vancouver. Too early to talk about a lot of economics, |
0:18.0 | but they do have about 90% annual retention today as they look to |
0:20.9 | scale. Again, really managing and helping manage risk associated with high, you know, |
0:25.1 | high, you know, construction or kind of blue collar jobs. Hello, everyone. My guest today is |
0:30.1 | Michael Prince. He is the founder of a company called Wallet Card, which is an occupational |
0:34.4 | health and safety records are easily and automatically updated to reduce administrative burden on the train on training, sorry, of training management. |
0:41.8 | So safety records certification solution. |
0:44.0 | Michael's going to do a better job at describing it than I am. |
0:45.7 | Michael, are you ready to take us to the top? |
0:47.8 | Yeah, you got it. |
0:48.7 | So, yeah, wallet card is a, we're a compliance platform for managing safety records. |
0:54.0 | That's the short of it the long |
0:55.8 | of it is we help companies training providers um manage their health and safety make it easy on them |
1:01.6 | basically from you know the shop floor to the top floor uh cover your assets kind of thing so |
1:07.7 | Michael yeah so a lot of people is going going to be without getting, unless we get really |
1:11.0 | specific, this is all going to go over their head. |
1:12.7 | So give me, like, tell me a customer story of someone paying you. |
1:15.7 | Sure, yeah. |
1:16.4 | So we work with a lot of like blue collar companies. |
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