Brad Parker

It's too many applications.

So what we did is we built the solution to aggregate that all of those lenders into one app to really streamline the process.

So now as we sell financing to our retailers, you see them immediately using the product because it just goes right into their ecosystem.

Yep.

Monthly, I'd say right now about probably 15 million that we track that we actually represent.

And then in my system, if you're a retailer and you're using lenders already, you can plug your own lenders into my system and still use the system.

And we don't actually track that revenue or get paid for that revenue.

So the last time we had talked, we were doing about $100 million in revenue that we represented.

So I was kind of playing with those numbers.

Now we're close to about $150 million in revenue through the lenders we represent, but we're probably running about $300 to $350 million in transactions through FormPiper or our retailers.

Yeah, it's on average about 1.5%.

Okay, 1.5%.

It's close to that, yeah.

No, we still sell the SaaS products.

So our initial plan when we work with the retailer is to educate them on our SaaS product.

And that's going to range anywhere from $1,500 to $3,000 a year.

Right now, our average customer is paying us about $225 a month for the software.

So once they have our software, we plug all of their lenders into the platform.

And what we do is we identify their lender lineup and look for gaps.

So if they don't have a near prime option or if they don't have a good subprime option, we'll introduce them to the people that we use.