Title: CEO & Co-Founder
Firm: DebtBook
Age: 36
Public finance is in Tyler Traudt's blood. His father spent his entire career in public finance, in various positions. "I grew up in it. My father would talk about all the projects he was working on and the impact they were having. I was always very interested," said Traudt.
After spending about 10 years in the business, Traudt said he "was dumb enough to quit my job and start a software company. I understood the technology challenges of the business. I knew with new, better technology and automation I could help public entities make better strategic choices."
Creating a better technology platform is exactly what Traudt has done. "This is an industry that builds schools, hospitals and affordable housing. It funds the critical things our families need and it's too important to all of us to not help these entities achieve the best outcomes possible," he said.
Traudt and his partner spent about two years building the DebtBook platform, which offers modern treasury and accounting software, and then launched 45 days before COVID hit. Luckily, the company survived and is now thriving with over 2,000 customers and more than 150 employees.
"The customer is at the forefront of everything Tyler does. He is regularly on calls with customers and prospects to hear their pain points directly so we can make sure our software serves the unique needs of our space," said Liz Speier, vice president of marketing at DebtBook. "Tyler is passionate about building easy-to-use, affordable software for governments and nonprofits to allow them to focus on the work that really matters — improving their communities."
