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Zvi Schreiber

๐Ÿ‘ค Speaker
642 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

Having said that, I don't like growing that way because the problem with that is it can go both ways, right?

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So you get all excited, your revenue has gone up and up and up, and then suddenly the prices crash back down.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So I don't like growing that way.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

I much prefer the growth that comes from doing more transactions.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

which we're seeing as well.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

The other thing that helps us is the volatility.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

When things are stable, then a lot of importers get lazy.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

They do a long-term contract.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

They use the same freight forwarder and the same route.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

And when things are volatile and the prices are changing and the Suez Canal is blocked or the Trump tariffs or things are changing a lot, that's good for us because then people need quick data.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

We were, the total value of our transactions, I don't remember the exact number in 2019.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

Oh, yes, I do.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

It was about, let's say I won't give an exact number, a little over $20 million.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

And this year it should be well over $200 million.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

COVID was up a bit.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

It was sort of closer to $30 million.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

Yeah, but also, to be fair, also because there's a real change in the airlines becoming digital.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So we were getting very little transactions with the airlines directly.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

A year ago, we only had three airline groups who were able to connect to us digitally.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

At the same time as prices going up, like you said, volatility going up, but there's also been a revolution, which we call digital air cargo.