Checked
company on 1 show · 16 statements across 1 episodes · said 20 times in 1 episodes since 2020
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16 statements about Checked, every show
Checked achieves a six-month payback period on customer acquisition costs
“So I think our, I think we are breaking even on a client after six months.”
Checked sees newer clients expand their monthly spend by 50%
“So we see more and more clients now. Going from 4000 Norwegian a month and up to 6000 Norwegian a month. So that's about like a 50% increase on the newer clients now.”
Checked calculates an expected customer lifetime of 2 to 2.5 years
“Our expected lifetime is somewhere between two and two and a half right now. So the churn is is two and a half years expected lifetime. Yes, that's what's calculated out from the churn now.”
Checked brought software development fully in-house to Norway from offshore teams
“We started up with the offshoring in India, moved it to Sri Lanka to another company, which was Norwegian, but with the people in Sri Lanka, and now like the third, we are now in version three point zero, and that is fully made in Norway with our in-house team…”
Checked operates with an eight-person team across sales, development, and administration
“We are eight people so there is one and a half on sale and three on development and product development one on customer success, and two in the administration.”
Checked's government-backed bank credit facility carries a 5% interest rate
“No, it's about five percent.”
Checked secured a 4M NOK loan with a 75% government guarantee
“So we just took a loan of four million Norwegian crowners and we wouldn't be able to do that without security. So there is the government program that actually stands for 75% of the security of that loan.”
Checked has spent approximately 10 million NOK in total capital
“And I would say that we have spent about ten million Norwegian crowners.”
Norwegian accelerator Beta Factory took a 6% equity stake in Checked
“So so they typically did like all other accelerators took six percent of the company and gave us some money and a lot of help.”
Checked's chairman of the board is its largest external investor
“Actually my the chairman of the board is my is my biggest external investor. He came in when the company was founded.”
Checked nearly doubled its monthly revenue from $25k to $50k year-over-year
“A year ago, we were at about half that. So we have almost doubled this year.”
Checked prices its software per department rather than per user seat
“So right now the, we don't care about how many users you have or how many projects you have. We are basing it on on the company or the departments in the company. So if you have three departments with different organization numbers, then it's three licenses. S…”
Checked uses a PLG model where creating tasks requires paid subscriptions
“So when you give a check task to someone, you actually give them a link, which is to the software. So to communicate with you on that task, you will need to download the application, but it's free to download it. It's free to communicate with those who give yo…”
Checked serves over 100 customer companies
“We are about hundred a little bit over hundred companies today.”
Checked's biggest competitor in the construction sector is pen and paper
“Our biggest competitor is pen and paper.”