Revolutionizing Small Business Payments with

The small business payments market is valued at around $23 trillion, according to Founder and CEO René Lacerte. A fourth-generation entrepreneur and the founder of PayCycle, one of the leading U.S. online payroll companies, René is now focused at on reinventing the way small businesses pay and get paid. has the distinction of being among a select group of companies to participate in the beta launch of PayPal Apps. (Read more)

In this exclusive NEXTCast interview, Karen Webster of Market Platform Dynamics talks with René about’s innovations in small business payments, steps the company has taken to differentiate itself from the competition and the major announcement the organization made earlier this fall at PayPal X Innovate 2010.


Executive Bio

René Lacerte, CEO and Founder of

René founded in April 2006, bringing with him more than 18 years experience in the finance, software and payments industries. Built from a legacy of four generations of entrepreneurs, René developed the concept for based on personal experience growing new businesses. He realized the tremendous need to simplify and automate the way businesses manage bills, invoices, payments, contracts and other important financial documents; and the challenge of not having control and intelligence into daily spending and cash flow. solves these issues and also puts all valuable financial documents in one place for secure access anywhere/anytime.

Prior to, René co-founded America’s #1 online payroll service PayCycle, which employed over 100 people and served over 85,000 customers prior to being acquired by Intuit in July 2009. PayCycle has received multiple 5-star awards from PC Magazine and numerous accountant trade publications. Both at PayCycle and Intuit, René led the development of industry leading customer service organizations that provide an unparalleled customer experience.

René spent five years at Intuit, creating and managing the company’s bill presentment team and growing its bill payment and credit card businesses 30% in one year. As the Group Product Manager for Intuit´s Employer Services Group, he was responsible for developing the strategy and then launching Intuit’s connected payroll product in less than one year.

René received a Masters of Science degree in Industrial Engineering and Bachelors of Arts in Quantitative Economics from Stanford University.