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Yuri Ferber

๐Ÿ‘ค Speaker
458 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

No, no secondary.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So it's just for acquisition.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So again, we started the company with two acquisitions, six years running organically, and now we restarted the acquisition plan twice.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

By the way, we are running our third acquisition at this moment.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

We expect to have the closing early October, and we have three or four more to be done with that money.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Before the third acquisition, we talked about 120 people.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

How many engineers?

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

35 engineers.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So the biggest part of our investment is in growth.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So we have like 40% of the revenues being invested in growth.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

It's like around 30, 35 sales guys, sales force, including inbound, outbound, marketing, everyone.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So they have a combination of a fixed salary plus a very, very aggressive sales commission.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So that's how we are growing like 70% a year with that aggressive commission, sales commission.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

What's aggressive?

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

It can be like three times their fixed salary.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Which is like $2,000 a month.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

That's it.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

It's just a little bit more.