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Alex Shvarts

๐Ÿ‘ค Speaker
382 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

And I've never seen it explode in a way where they just pay back like that.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

However, if a merchant comes back in 30 days and says, look, I just want to repay the receivables now, we just give them a discount on the balance.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Yeah, we discounted and that's great, right?

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

I see.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

But it never explodes in the way we want it to explode.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

It's the implosion, not the explosion, right?

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Okay, so we processed last month, probably approximately 5000 applications for different businesses, right?

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

We don't disclose the numbers of deals we actually fund or the volume, we can give you just average numbers, right?

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Um, but so yeah, 5,000 businesses, about 5,000 applications.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

We processed a variety of industries.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Like there's, we get some time, agriculture, supermarkets, restaurants, um, manufacturers.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

It's just to, you name it, we see it.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Nobody does that type of conversion.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

No.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

So it's much lower.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Yeah, it's much lower.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

It could be anywhere from...

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

So I'll give you this number.

SaaS Interviews with CEOs, Startups, Founders
Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?

Out of 5,000 applicants, we made offers to merchants.