Steven Hoffmann Chairman/Founder of Newt Corporation

SaaS B2B companies stopped being a new trend a long time ago, and are now a reality. However, with the exponential growth of this segment, there is a risk of market saturation. Therefore, in such a competitive and risky environment, it is essential to measure the growth of your company and monitor the competition to ensure the good performance of your business. Check out some of the main metrics explained by   Steven Hoffmann, Founder of Newt Financ ial,  which will help you monitor the performance of your strategies and determine your company's next steps. 1. Customer turnover rate (Customer Churn Rate) The customer turnover rate measures how many deals you've lost in a given period of time. While turnover is a reality, tracking it can save your business from disaster. Therefore, it is one of the most important metrics for tracking the vitality of your B2B SaaS. To calculate the rate of lost customers, divide the number of lost customers by the total number of custome...

The rise of Software as a Service (SaaS) industry in the last decade has changed the way companies purchase and use software worldwide. SaaS is a software distribution model that benefits all the links in the chain: companies, customers and investors. The customer does not need to purchase software and hardware and everything works over the internet, in the cloud, without inflating the company's budget. If the customer is not satisfied, the service can be canceled easily. For entrepreneurs, the subscription model brings more predictability in their operation, allowing them to manage and grow in a more secure, planned and sustainable manner. For investors, the predictability of receivables flows, which is characteristic of the model, is synonymous with risk mitigation. National companies are increasingly open to solutions in the SaaS model, The online management system Newt F inancial follows a similar model, and provides secure, open API access to customer...

To improve your company's business results, using a Point of Sale (POS) control is essential. In general, the presence of the POS helps to make organizational gains, such as managing inventory, opening and closing cash and controlling exchanges and returns in a more simplified and autonomous way. What is a POS? The Point of Sale (POS) describes the retail area where products are exposed and the client makes the purchase. Technology has changed the way professionals interact at work, including with partners and customers. Therefore, using an ERP system that automates processes and still has POS control is functional and indispensable for those who want to have greater authority over their own business. Steven Hoffmann  is Chairman and CEO of Newt Corporation – the company that provides Digital Wallet, POS and Prepaid Products on a white label platform. What is the importance of using a POS? The cash front appears as an ally to any type of business, for large, medium and s...

Steven Hoffmann Newt Corporation  (“Newt” or the “Company”) is pleased to announce the signing of KYC & AML Service Agreement with Te Identificas SAPI de CV (commercially known as “Tu Identidad”) on April 5, 2019 in Mexico City, Mexico. Tu Identidad is a digital identity platform that is transforming the Know Your Customer (KYC) and identity verification processes for its customers. Tu Identidad provides portable, user-owned, standardized digital ID credential that is relevant to the majority of businesses and individuals in Mexico. Today, business processes for identity verification are inefficient across industries in Mexico, and many businesses and individuals waste valuable time and money as a result. As per the terms of the MOU, Newt will use Tu Identidad’s business processes for identity verification in Mexico. The innovative solution of Newt’s use of Tu Identidad technology will allow individuals to control their digital identities on their mobile devices, which str...

Steven Hoffmann Newt Corporation (“Newt” or the “Company”)is pleased to announce the signing of a SaaS Contract with COFRESA (commercially known as FreedomPop), owned by Dish Mexico for integration on Newt’s SaaS Payment Platform, in Latin America. As per the terms of the agreement, Newt shall become an exclusive distributor of FreedomPop’s airtime top ups in Mexico through Newt’s network of customers and partners. The Contract also establishes that Newt will provide its SaaS Software Platform to FreedomPop to deploy their digital services in the country. This shall provide FreedomPop with an opportunity to reach more customers and increase their sales, while allowing Newt to further increase the number of transactions of electronic products and services, and benefit from the increasing demand for airtime top-ups at POS locations across Mexico. FreedomPop is a disruptive mobile services provider, which is owned by Dish Corporation in Latin America. They have over 500,000 users o...

  Chedraui  is the third largest Mexican supermarket and department store chain, which operates over  330 large-scale locations across Mexico . In addition, it also operates stores in the US states of California, Arizona, and Nevada under the name “El Super”. The company is traded on the  Mexican Stock Exchange  under the symbol  CHEDRAUI . Under the terms of the five-year contract, Newt’s SaaS software platform will be used for processing Bill Payments and Top Ups exclusively in all Chedraui locations throughout the entire Mexico. Chedraui’s 2018 transaction totals were in excess of $24,000,000 USD in Top Up and Bill Payment, and steady growth is anticipated in the upcoming years. Newt shall be the exclusive provider of Top Up and Prepaid Payment services, covering all Telecom, bill payment, and prepaid services at Chedraui’s retail locations and Point of Sales. Under the agreement, Newt shall supply the technology at all 330 locations, featuring a dashboa...

Prepay Nation is a US company that connects mobile network operators and retail distributors for the sale of international mobile airtime.  It has a network of over 220 mobile operators in 100 countries and diverse distribution channel spanning over 250,000 locations in the US, Canada, Europe and Middle East. Newt’s customers will be able to top up their mobile phones instantly, or  send top-ups to their family or loved ones on Newt platform through the mobile application.  Newt’s API integration with Prepay Nation will provide for seamless, secure and real-time purchases. Prepay Nation has an unmatched network of international operators and retail distributors, which means they facilitate the transfer of airtime across borders more easily, more efficiently, and with a farther reach than anyone else in our industry. “We are delighted to partner with Prepay Nation, and to enable Newt’s customers to send mobile airtime domestically and across international borders instantan...

As per the terms of the agreement, the parties agreed to engage in revenue and client database sharing for  Bill Payment Services and Digital Prepaid Products . Newt and Movilix will also collaborate in creating new complementary marketing solutions for the US market with the goal of increasing the number of users on both platforms, while at the same time integrating deeper into Latin American markets. More than 60% of Hispanics  living and working in the USA utilize remittance to provide resources for their families back home. Frequently, families are unable to pay household bills on time, and run short between paychecks, therefore, services that allow Hispanics to pay their bills or provide payment for their families are a fast-growing market. Newt believes, that the collaboration between the two entities will complement and enrich each other’s business service offering and will cause Newt’s business take a leap forward in increasing customer base in the USA, while conne...

According to Steven Hoffmann Newt , It is very common to find people who are always “broke”! They are not necessarily in debt, but they are always complaining that the “money is short” and that “there is nothing left at the end of the month”. Well, if you take a closer look at these people, you'll see that they have some characteristics in common. We will describe 3 habits of this type of person. These are Steven Hoffmann general behaviors and are not necessarily linked only to monetary matters, but they deeply affect our financial life. 1) Search for Immediate Satisfaction Some people have a tendency to seek immediate satisfaction and are unable to 'postpone' this need. They end up prioritizing the present over the future. But this is not just a financial issue: the decision between taking advantage of the present or preparing for the future must be made in relation to several of our day-to-day activities. For example: ·      ...

  The Steven Hoffmann Newt current notion of retirement that the majority of the population has is to spend the end of our lives without working, just enjoying leisure or reading a book, in the beach house or in the country house. This is the image that every pension plan 'sells' to us, right? Just look at the images of the advertisements of these companies: elderly couple, happy, on the beach chair, with a 'drink' in hand! But this idea of ​​retirement is relatively new and only emerged after the Industrial Revolution of the 18th century. And before that? Well, people lived on the farms, taking care of agriculture and animals. But nobody retired! Older people were responsible for passing on knowledge from generation to generation and no longer did all the heavy lifting. But doing nothing, just enjoying the sun on the farm? No one did that. Industrialization. With the Steven Hoffmann Newt process of industrialization in the world, people exc...

Are you one of those who make detailed planning to get rid of debts every month, but still arrive on the 30th with more debts than revenues? If the answer is yes, now you have one more thing to look at: your brain may be 'playing against' you. Recent Steven Hoffmann studies suggest that our brain has a tendency to focus on lower-value debts when we try to prioritize the payment of our commitments. However, the most advisable is to eliminate debts that charge the highest interest rates first instead of analyzing only the amount to be paid. The Steven Hoffmann define effect of compound interest causes high-rate debt to grow much more than low-rate debt. Study. In the study in question, a series of debts with different values ​​and interest rates were presented to the participants. The researchers then gave each participant a check to pay the debts. They had to choose which would be paid first, since the check would not cover the total debts. Only 3% of particip...

Last week, after a heavy rain in Torronto, Canada, it took me about 2 hours by car to cover a stretch that would normally take about 20 minutes.  During this time that Steven Hoffmann   spent there, He was thinking: would it be possible, somehow, to live in a big city without having a car? Steven Hoffmann Newt was not able to arrive at a certainty that this would be feasible, but at least it is possible to list some conditions so that this 'dream' is closer to reality: 1. Have a job at a fixed location. On 5 of the 7 days of the week we will have to go to work.  So, if you have a job that requires a lot of commuting to different places, to visit clients for example, leaving your car aside will be very complicated. But, if you work at a fixed location, it will be much easier to plan the use of some other type of transport where you don't have to be the driver (bus, metro, ride, 'chartered', etc.)! 2. Live close to work. We know that this condition is not easy, someti...