Regpack
company on 1 show · 15 statements across 1 episodes · said 17 times in 1 episodes since 2023
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2023 17 mentions in 1 episode
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15 statements about Regpack, every show
Darash: Regpack will take about three years to reach $1B annual GMV
“I think it will take like three years.”
Darash: Multi-department software adoption makes SaaS churn virtually impossible
“When you get a client, you start working with that organization to go into additional verticals for that organization. Now, once they have gone into two or three verticals, that's it. It's game over. They can not leave. And why can't they leave? Because it's n…”
Darash: Regpack has approximately 1,500 customer organizations
“Today we have about if I'm not mistaken, 1500 organizations.”
Regpack Reports 97% Completion Rate on Customer Installment Plans
“Which by the way, we have 97% payments on the installment plans that go through completely. Only three percent of the payments don't go through.”
Regpack Customers See 30% Revenue Growth From Installment Payments Feature
“Now, organizations that have implemented this new feature of automatic installments have seen a 30% revenue growth right by, right off the bat, just from implementing that.”
Darash: Regpack averages $7,000 to $10,000 per customer across all streams
“Between seven to 10. Yeah. Like you have clients that make a hundred K off of them and you have clients that you make like the, basically the minimum you would make off the client is five. The max we have clients that we make a hundred, a 150 off.”
Darash: Regpack's average SaaS subscription is $2,000 to $4,000 per year
“Between two K to four K... Per year.”
Darash: Embedded purchase protection insurance drives 20% of Regpack's total revenue
“We also offer a program called purchase protection for our for the organizations. Which allows them to, the end user to protect themselves against death, sickness, et cetera. And that's about 20% of our revenue.”
Darash: Payment processing represents about 40% of Regpack revenue
“Payment processing is about 40%.”
Darash: Regpack's weighted average take rate on payment processing is 1%
“The weighted average is one percent.”
Darash: Service industries are fragmented due to unique onboarding requirements
“And as I was looking, I saw the service industry in general, and especially the education industry in the service industry, and it was extremely fragmented, and the reason that it's extremely fragmented is because it has a very unique need, a need for onboardi…”