Michael Ausems

Co-Founder and Managing Director at Yello
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Contact Information
us****@****om
(386) 825-5501
Location
Paris, FR

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Experience

    • France
    • Technology, Information and Internet
    • 1 - 100 Employee
    • Co-Founder and Managing Director
      • Jul 2015 - Present

      - Co-founded Fintech Yello in July 2015.

    • Chief Executive Officer
      • Jul 2015 - Feb 2023

      Paris, Île-de-France, France - Raised funding, built world class team, led development, operations and sales of the innovative secure yCloud processing platform, vertical app store and first SaaS apps, and the Y7 SmartPOS solution. - Secured a strategic partnership, a first order of 4.5K units from Phoenix Group subsidiaries ADG and JDM in 2019, as well as long-term financing in 2020. - Responsible for €750K in revenues and reaching first profitability in 2021, with both recurring and product revenues… Show more - Raised funding, built world class team, led development, operations and sales of the innovative secure yCloud processing platform, vertical app store and first SaaS apps, and the Y7 SmartPOS solution. - Secured a strategic partnership, a first order of 4.5K units from Phoenix Group subsidiaries ADG and JDM in 2019, as well as long-term financing in 2020. - Responsible for €750K in revenues and reaching first profitability in 2021, with both recurring and product revenues. Per-transaction revenues to follow in 2023. - Activated live Visa and Mastercard payment processing of the Yello platform in Germany in January 2023, in partnership with Phoenix Group, Volksbank merchant acquiring, PSP First Cash Solution, and Worldline-Six Payment Services. - Prepared the technical certification for direct payment processing with Fiserv in the USA in January 2023.

    • France
    • Information Technology & Services
    • 1 - 100 Employee
    • Co-Founder
      • Sep 2006 - Present

      Paris, Île-de-France, France - Co-founded Fintech YouTransactor in September 2006. - Jabil acquired YouTransactor for an undisclosed sum in April 2022.

    • Board Member
      • Sep 2006 - Nov 2013

      Raised €6M Series A from BlackFin Capital Partners in September 2013.

    • Deputy Chief Executive Officer
      • Sep 2006 - Jan 2012

      Paris, Île-de-France, France - Built world class team and innovative SmartPOS and mPOS platforms. - Secured first enterprise deals, e.g. for IGT and the NY State Lottery.

    • Digital Transformation Advisor
      • Feb 2012 - Jul 2015

      Managed the project team of the original SumUp PIN+ card reader device, the category leading payment device with millions of units deployed globally. Consulting for YouTransactor, with SumUp as YouTransactor’s client. Provided PCI PTS (payment security) consulting services to FIME for several confidential payment device projects. FIME is a global leader of consulting, test solutions, and certification services for smartcard, contactless, RFID and NFC technologies.

    • France
    • Financial Services
    • 700 & Above Employee
    • Director Business Development
      • Apr 2004 - Apr 2006

      Paris Area, France - Led the global business development and marketing function for Ingenico (leading electronic payment solutions provider, 90 countries, €560 million revenues) of the i8550 line and the market introduction of its secure OEM solutions (HSM security processor and Unicapt OS), including product strategy, long-term roadmap, sales strategy along with regional managers, business development, business support and operational marketing activities. - Established a global i8550 supply agreement with… Show more - Led the global business development and marketing function for Ingenico (leading electronic payment solutions provider, 90 countries, €560 million revenues) of the i8550 line and the market introduction of its secure OEM solutions (HSM security processor and Unicapt OS), including product strategy, long-term roadmap, sales strategy along with regional managers, business development, business support and operational marketing activities. - Established a global i8550 supply agreement with IGT (leading lottery services provider). - Agreed a deal to supply Ingenico's secure HSM processor and Unicapt OS to a leading European electronic payment solution provider.

    • Global Product Line Manager, Mobile Products
      • Apr 2002 - Apr 2004

      Paris Area, France Responsible at Ingenico for the development of the i8550 series, the first mobile enterprise SmartPOS, first successfully deployed by IGT (a $20 million contract), Thiriet, and Norway Post.

    • Founder and Chief Executive Officer
      • Aug 1999 - Mar 2002

      Silicon Valley, California, United States - Founded smartphone company BodyCom in August 1999. - Raised $3.5 million. - Sold early devices to AT&T, VoiceStream, Sonera, and BT. - The tragic events of September 11, 2001, prompted its closure.

    • Computer Hardware Manufacturing
    • 1 - 100 Employee
    • Sr. Product Design Engineer
      • Oct 1994 - Aug 1999

      Charlotte, North Carolina Area My involvement at Hand Held Products began during a change of ownership and turnaround. I played a key role as the creator for its first two new product lines, serving as a market analyst, industrial designer, and key product development engineer. They are the Dolphin 7200 series, which I designed for my graduate thesis and completed for mass production at the US headquarters, and first deployed by the US Postal Service from 1998 onwards with 400K units, and its high-end line extension,… Show more My involvement at Hand Held Products began during a change of ownership and turnaround. I played a key role as the creator for its first two new product lines, serving as a market analyst, industrial designer, and key product development engineer. They are the Dolphin 7200 series, which I designed for my graduate thesis and completed for mass production at the US headquarters, and first deployed by the US Postal Service from 1998 onwards with 400K units, and its high-end line extension, the Dolphin 7400 series. Both new products became category leaders on the global market and enabled Hand Held Products to transition from generating unprofitable revenue of $8 million in 1994 to a highly profitable revenue of $18 million in 1997 and revenue of $285 million in 2006. Recognizing the opportunity to enter the Auto ID and data collection market, in 2007 Honeywell acquired Hand Held Products for $390 million. The activity still holds the second largest global market share after Zebra Technologies. Hand Held Products turned around from a near-zero situation in 1995 to profitability and a decade-long revenue surge. My two original product lines significantly contributed to its acquisition. Show less

Education

  • Delft University of Technology
    Master's Degree, Industrial Design Engineering
    1993 - 1995
  • Massachusetts Institute of Technology
    Project II, MIT Introduction to Design Course 2.70
    1994 - 1994
  • University of Amsterdam - Amsterdam School of Economics
    Economics and Business Economics
    1984 - 1985

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