Stabledash Live · · 29 min
Altitude Acquires Acctual: How Invoicing Goes Global From One Account
With 
Atikh Bana
Key takeaways
Altitude has acquired Acctual, bringing invoicing and bill pay into one operating account for stablecoin businesses across more than sixty countries.
The Altitude (invoicing product) launched on day one and automatically pulls in branding and details for both the sender and the client.
Atikh Bana says invoicing is mostly transcription work and expects signed contracts to trigger invoices on their own, with people only reviewing and approving.
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0:00Acctual acquisition closes with invoicing live on Altitude1 of 9
Summary
The deal shipped a working invoicing product on day one, and both founders see it as a step toward financial operations that run as automated loops.
Altitude has acquired Acctual, a platform that brought invoicing and bill pay into one operating account for stablecoin businesses across more than sixty countries. The deal shipped a working invoicing product on day one. The launch is the Altitude (invoicing product).
Invoicing live on day one
The Altitude (invoicing product) lets businesses bring their own brand and their client's brand into each invoice. Atikh Bana says the team tries "to pull in as much information and enrich these invoices as as possible." He calls the approach the reverse of death by a thousand cuts: "life by a thousand delights."
“There's this concept that we hear a lot of, like, death by a thousand cuts in in product experience, and I feel like... And that if you flip that, it's life by a thousand delights.”
Atikh BanaMoney in, money out
Stepan Simkin says financial operations come down to "receiving money and sending money." He describes Altitude as three parts: a programmable core that is largely on chain, a compliance and PSP layer, and a workflow layer. He says customers from over 60 countries now use the platform, and over half a billion dollars in payment volume has moved through it.
Squads infrastructure underneath
Stepan says Squads Multisig is now treated as infrastructure rather than only a product. He says the Squads smart account infrastructure handles more than ten billion dollars in stablecoin volume on Solana, and that Squads Protocol hit an all-time high in stablecoin volume a month ago. Parts of Grid now serve as the back end for Altitude, which he says helped solve compliance and payment routing faster. He expects Fuse to connect more closely with Altitude in the short to mid term.
Design as the differentiator
Stepan Simkin argues that AI has brought visual design "to somewhat of a baseline," so the little things and thoughtfulness now set teams apart. Atikh Bana advises early founders to hire a top designer even when that person costs several times the median, because they help shape the product experience.
Contracts that write invoices
Atikh Bana says invoicing today is mostly transcription work. In the near term, he wants signed contracts to create invoices on their own, for example "the moment a contract gets executed" through DocuSign or a similar tool, with the human role narrowed to review and approval.
The two founders' plans follow one idea. If business finance comes down to receiving and sending money, as Stepan Simkin puts it, then the goal is automated loops where both run in the background until someone signs off.
Altitude, FUSE, DocuSign Inc., and Stripe come up most.
- People
- Atikh Bana
- Stepan Simkin
- Drew Rogers
- Zach Fowler
- Companies
- Altitude
- FUSE
- DocuSign Inc.
- Stripe
- Acctual
- Dfns
