5 Go-to-Market Lessons from Building a Finance Operations Platform that Manages $1B Monthly

5 Go-to-Market Lessons from Building a Finance Operations Platform that Manages $1B Monthly

Most startup advice focuses on the early stages of company building. But what happens when you’re on your third venture, armed with the knowledge of what worked (and didn’t) in previous exits? In a recent episode of Category Visionaries, Zeni co-founder Swapnil Shinde shared insights from scaling multiple successful startups, offering a masterclass in strategic execution and market positioning.

1. Parallel Team Building Accelerates Growth

The conventional wisdom of founders wearing multiple hats early on might actually be slowing your growth. Swapnil advocates for a simultaneous top-down and bottom-up approach to team building: “What I have learned after building three companies is that in parallel, if you start building the team top down, you can actually execute five x faster.”

This means bringing in experienced leaders early, even in areas where founders have competency. As Swapnil explains, “Let’s say you are a Founder, you have a specific skill set, you are great at product, you are great at technology, but you are not great at sales. So what you should do is try to get in the sales leader once you understand the basic fundamentals of selling your product yourself.”

2. Differentiate Through Business Model Innovation

While many startups focus on product differentiation, Zeni found its edge by fundamentally changing the business model of financial services. Traditional firms charge hourly rates, which Swapnil notes creates misaligned incentives: “When someone works on an hourly basis, they actually create more work for themselves. They will add more manual stuff so that they can charge you for more hours.”

By switching to a SaaS model, Zeni aligned interests differently: “We are incentivized to automate stuff for you because we are a SaaS platform. So it completely changes the ballgame.”

3. Focus on Competitor’s Customers, Not Competitors

Instead of obsessing over competitor moves, Swapnil suggests a different approach: “I think as founders we shouldn’t be focused on what a competitor is doing. We should be focused on the competitors customers. How do you delight them?”

This customer-centric approach has led to significant conversion, with Swapnil noting that “70% of our customers are actually moving to us from using finance firms.”

4. Balance Technology with Human Expertise

While many startups position themselves as pure AI plays, Zeni’s approach acknowledges the limits of automation: “AI cannot power 100% of it. So we have a dedicated team of finance experts who collaborate with AI to stitch an experience that is ten x faster than what you might have today.”

This hybrid approach allows them to deliver both efficiency and expertise: “We work on your books faster. The books are more accurate because those finance experts are now augmented by AI.”

5. Create Categories Through Industry Disruption

Rather than trying to fit into existing market categories, Zeni is creating a new one by disrupting an established industry. “We are actually disrupting an extremely old business, which was extremely human intensive. It’s not sexy at all,” Swapnil explains. The goal is to “completely eradicate bookkeeping as a skill set from the market.”

This approach to category creation focuses on fundamental transformation rather than incremental improvement. As Swapnil describes their vision: “Today we have people assisting the platform to do your accounting and bookkeeping, but the future is going to be where the platform will start assisting the other human experts that we have.”

The success of this approach is evident in the numbers – Zeni now manages over $1 billion in finances monthly across approximately 400 startups. For founders building enterprise SaaS companies, these lessons highlight the importance of challenging traditional business models, building teams strategically, and finding the right balance between automation and human expertise.

These insights from Zeni’s journey demonstrate that successful go-to-market strategies often require rethinking conventional wisdom about team building, market positioning, and category creation. The key is not just to build better technology, but to fundamentally reimagine how services are delivered and valued in your market.