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Rob Heiser

๐Ÿ‘ค Speaker
300 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

We can.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Um, it's just, uh, you know, they, they might have something they've built in house.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Um, we're, we're getting there.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

We're growing up, up, up market pretty quickly.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

So we're a SaaS business.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

We charge on a per customer or in a credit union, it's a per member per month.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

So they get charged for the amount of active account holders they have.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

And that last year we charged them based on that.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Correct.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

So it scales down and scales up based on the size of the institution.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

It just depends on, so we sell a lot through channels and we have several different

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

products that we sell so you could you know we could be anywhere from you know six cents to 20 cents per customer per month just depends on what they're buying i guess what i'm trying to get in because i just don't i don't know how many depositors some of these smaller institutions have like i don't know if i'm multiplying six cents times a thousand deposit or six cents times a million

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

I would say our average size institution at this point is about 120,000 customers.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Typically, if we have higher than that, just scales.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

Again, it scales down, scales up.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

So if you have 40,000, it's going to be much less.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

And if you're buying more of our products, it'll be more than if you're buying less of our products.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

That's right.

SaaS Interviews with CEOs, Startups, Founders
1728 They Expect 120% Growth This Year, $30m Raised, No Virus Impact, Selling to Banks

So we have one product that just does what's called merchant cleansing.