The Altman Brothers’ Scheme to Control B2B Payments
Stanford University, the cradle of disruption, where innovation is always the outcome of calculated risks. And that’s what happened when Lawrence Lin Murata, co-founder and CEO of B2B payments company Slope, rubbed shoulders with OpenAI founder Sam Altman in a class called ‘How to Start a Startup.’ The unlikely acquaintance blossomed into a fruitful friendship, culminating in Sam’s vote of confidence as an investor and board member.
Slope, the company that aims to automize order-to-cash workflow for enterprise businesses, has just received a $65 million strategic equity and debt financing round from the behemoth JP Morgan Payments, with Altman brothers Sam, Jack, and Max as co-investors. This partnership will pave the way for Slope’s embedment in JP Morgan Payments’ vast network of clients, but is this just a Trojan Horse to manipulate the B2B payment landscape?
Behind Slope’s AI-powered underwriting technology lies a clever strategy to siphon off revenue by providing short-term financing solutions to cash-strapped enterprise customers. This bold move could potentially disrupt traditional banking giants, but is Altman’s involvement a sign that Slope is merely a puppet aiming to orchestrate a takeover in the B2B payment sector?
The Slope Effect: Amplifying Enterprise Dominance
But Slope’s ambition doesn’t end there. The company plans to use this fresh funding to scale its team, allowing it to cater to a rapidly growing number of large enterprises willing to adopt the company’s embedded B2B payment solutions. With this foothold, Slope could control the payment processes of Fortune 500 companies, manipulating cash flows and interests – a tantalizing prospect for any forward-thinking CEO.
As Slope’s technology converges with JP Morgan Payments’ extensive network, it could be the spark that ignites an unstoppable wave of enterprise disruption. And the Altman brothers, along with JP Morgan, seem positioned to reap the rewards. Will this consolidation of power usher in a new era for B2B payments, or will another contender rise to challenge the status quo?
