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Thomas Kedar

๐Ÿ‘ค Speaker
185 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

The majority of the revenue and the API cost comes from bigger businesses.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

directly.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

Very similar.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

It's usage-based.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

So we pay, I mean, we charge our clients a micro fee for each of the API calls.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

And then it's post-paid, such as AWS does.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

It's very straightforward.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

We try to do the opposite than what everyone else does in our industry.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

That's it.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

It's between four to eight cents.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

No, it's always been like that.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

And we never raised prices since the beginning.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

Uh, pay as, pay as you go.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

So this is why it's so friction free.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

So, um,

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

We always post a bill, our clients, so they don't have to top up anything.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

They can just use the system and then next month, beginning of it, we charge them.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

The average... The ACV is...

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

Around right now, like $55,000 a year.

SaaS Interviews with CEOs, Startups, Founders
Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

So about $4,500 a month, I would say.