FinTech Magazine - June 2022 | Page 101

DOJO

“ We came from a customer ' s point of view . We wanted a product that we were proud of , apart from anything else ” NICK FRYER CHIEF TECHNOLOGY OFFICER , DOJO

NICK FRYER
TITLE : CHIEF TECHNOLOGY OFFICER INDUSTRY : PAYMENT TECHNOLOGY LOCATION : LONDON , UK a bold thing , but it genuinely came from a very good place . We came from a customer ’ s point of view . We wanted a product that we were proud of , apart from anything else .
“ We built Dojo with that mission and we pretty much did that . We ’ ve solved , if not all of them , almost all of the pain points . As an example , things like settlement time ,” Fryer says .
For small businesses , cash flow is key . The standard settlement time in the industry was somewhere between plus three or plus two days ; Dojo , however , was keen to change that .
“ That , in reality , means that if you process on a Friday , do a large part of your weekly sales in your coffee shop or your restaurant or your butchers , you don ' t see your money until the following Wednesday . That is not great . With Dojo , we pay every day from 10:00 AM . So next-day settlement is becoming a thing . It ' s normally chargeable ; ours [ is ] free . It ' s the standard process for Dojo customers ,” Fryer explains . “ So at the beginning of every day , they have the money from the previous day .”
“ That ' s just one example ,” Fryer adds . “ Anyone that takes cards knows about PCI

EXECUTIVE BIO

Nick Fryer has been Chief Technology Officer at Dojo since 2015 . He graduated De Montfort University with a Computer Science degree and has worked in software engineering for more than 20 years , including roles at Toyota Motor Sales USA , T-Mobile UK and Euroffice . Nick is passionate about developing large-scale software projects to drive businesses forward , and building the technology teams to deliver them .

2009 Year founded

50,000 + Empowering businesses across the UK

800 + Number of employees

43,000 +

Location of deployed card machine
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