Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Rob Heiser

๐Ÿ‘ค Speaker
300 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

They're signing up.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And so after we see that small transaction, then we see a large transaction of money moving out to Robinhood.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And from a bank perspective, once the money moves, it typically doesn't come back.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So it gives them a short window to say, are we not delivering?

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Are we not servicing you?

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

From an investment perspective, what can we do better?

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

That conversation is really important.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Uh, yeah, we are privately held company.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We do not show revenue actually kind of growth.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Um, sure.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

You know, we, we, uh,

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Year over year, we're typically seeing 50% to 60% growth.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

This year, we'll be at a 50% growth in terms of both onboarding from what we call a unique customer count.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So that's the measurement we look at internally.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

But then same thing from a transaction perspective, the number of total transactions we're seeing on our platform, we're growing at about 40% year over year.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

And from an ARR, right, that's what everybody cares about.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We're doubling about that every year.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

So we're looking at a double from an ARR perspective.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

Oh, we're close.

SaaS Interviews with CEOs, Startups, Founders
1463 He's Wealthfront, Robinhood, Betterment Worst Nightmare helping Banks retain deposits

We'll, we'll probably break even sometime, uh, middle, middle to early next year.