Suneera Madhani and her brother co-founded Stax in 2014, shaking up the payment industry with a flat fee model (charging a flat monthly fee rather than a percentage of sales).
Seeing her immigrant parents' challenges fueled her passion for finance, leading her to earn a degree from the University of Florida
Her professional career began at First Data, where she gained valuable experience selling payment terminals to business owners. There only, she Witnessed flaws in the existing system, and envisioned a revolutionary fee structure.
Her initial attempts to pitch her revolutionary idea to 12 banks met with rejection. Though Initial rejections from banks didn't deter her.
Taking a six-month hiatus from work, Suneera and Sal tested their concept in Orlando and Stax secured success through self-testing.
Their determination was further tested when they declined a lucrative offer of $17.5 million to sell their company, a decision that would later prove to be remarkably foresighted.
The company, under their leadership, has significantly impacted the industry, employing over 300 people and handling transactions worth $23 billion.
By last year, Stax had amassed over $263 million in funding and achieved a valuation exceeding one billion dollars.
Suneera's accomplishments extend beyond her success at Stax. She is deeply dedicated to empowering women in business. She founded CEOSchool, uniting over 300,000 women CEOs for support and community.
Balancing motherhood with entrepreneurship, she embodies the American Dream. Her story highlights the power of innovation, resilience, and defying the norm.