In this episode of Billion Dollar Moves, I sit down with Suneera Madhani, founder of Stax and Worth, for a candid conversation about building, scaling, exiting, and knowing when it is time to begin again. Suneera shares how a rejected idea became a billion-dollar payments company, why focus and customer obsession mattered more than any single formula, and what she learned from raising capital as a young Pakistani-American woman building outside Silicon Valley. We also talk about liquidity, private equity, rolling too much equity into a deal, losing control after a majority recap, and the difficult truth that a company can stop feeling like yours long before you officially leave. For founders, funders, and family offices, this is a conversation about conviction, ownership, wealth, and the discipline to know when to hold on—and when to let go. Watch the full conversation and subscribe for more discussions at the intersection of capital, leadership, and long-term wealth. 00:00 - Intro: Building, letting go, and a new chapter02:35 - Growing up in an immigrant entrepreneurial family04:40 - The confidence her father gave her07:25 - Risk, family expectations, and becoming a reluctant entrepreneur09:30 - The rejected idea that became Stax11:30 - Reinventing payments through a subscription model14:00 - Being laughed out of the room15:15 - Quitting her job and starting Fattmerchant16:20 - From $5M to $5B in payments17:00 - Building a memorable brand18:10 - From Fattmerchant to Stax21:10 - Scaling from $100M potential to a billion-dollar company22:00 - Why everything breaks as a company grows24:30 - Focus, customer obsession, and a winning culture26:15 - Raising capital as a minority woman founder27:30 - Scrappiness, rejection, and the first investor yes30:00 - Why she chose to build in Orlando31:35 - Preparing for an exit34:00 - Revenue growth and the majority recap35:30 - Selling at the height of the market36:00 - What founders get wrong about diligence38:15 - Creating a competitive private equity process39:00 - Choosing the right buyer40:30 - The deal terms she would rethink41:30 - Why she wishes she had taken more cash43:20 - The reality behind her exit44:00 - When the company stops feeling like yours46:00 - Why founders should sometimes sell and walk away47:10 - Building again after exit49:00 - Why Worth became the next fintech50:00 - Solving business credit and underwriting54:00 - Why onboarding is a revenue problem55:00 - Eliminating bias with better business data58:30 - The vision for the Worth wallet59:45 - Reaching $10M ARR in 18 months01:00:30 - Raising capital differently the second time01:01:00 - Rapid fire01:02:00 - Know your worth and take chips off the table01:02:35 - Why funding women is a billion-dollar move01:03:00 - CEO School and building the next generation of women-led companies About Suneera Madhani Suneera Madhani is a fintech entrepreneur, investor, and founder of Stax, a payments platform that reached unicorn status after processing tens of billions of dollars in transactions. After exiting Stax, she co-founded Worth, a financial technology company focused on modernizing business underwriting, onboarding, and credit intelligence. She is also the founder and host of CEO School, a platform and community supporting women entrepreneurs as they build, scale, and create wealth. Billion Dollar Moves Podcast | The Top Global Venture & Business Podcast for Founders & Funders | Backed by HubSpot Podcast Network Conversations with billionaires, unicorn founders, and the world’s leading funders. Hosted by Sarah Chen-Spellings, Billion Dollar Moves examines how enduring companies—and the capital behind them—are built. Through long-form conversations, the show explores decision-making under uncertainty, capital allocation, and the inflection points that shape category-defining businesses. From early platform backstories to allocator frameworks used across private markets, the focus is on judgment, incentives, and long-term value creation—beyond headlines and hype. New episodes weekly.Built for those who take the long view. PODCAST INFO:Podcast website: https://billiondollarmoves.comWatch on YouTube: https://tinyurl.com/sarahchenglobalJoin the community: https://sarah-chen.ck.page/billiondol... FOLLOW SARAH:Instagram: @sarahchenglobalLinkedIn: @sarahchenglobal
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