Everything Andre Nowak said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nowak: Flexi raised debt financing without granting warrants
“Oh, no, no. Okay. I'm so happy that I found that that without any warrants but normally markets, they are, you know, they want to have a warrants, but I have a, I knew the investors. I found the investor who was able to provide it without a warrants.”
Nowak: Flexi targets a minimum 40% annualized IRR
“The minimum IR will be if we earn 2.9%. So the minimum margin, the yearly rate will be about 40%. And this is our yearly rate, minimum yearly rate that we want to earn.”
Nowak: 70% of Flexi's employers pass transaction fees to employees
“Today, more than 70% of employers pass the fee to employees, and the 30% are paying a subscription.”
Nowak: Flexi is first salary-on-demand player in Poland
“We are the first player on Poland. Poland is a huge market having twenty million employees.”
Nowak: Flexi Will Probably Reach Over 100,000 Users by Year-End
“Right now we have discussions with bigger employers, and in the end of this year probably we'll provide app to more than 100,000 of users.”
Nowak: Flexi Closed a €2.8 Million Seed Round
“We close it around in an amount of 2.8 million euro. Yeah. So it's more or less three million dollars.”
Flexi Seed Round Comprised €2M Debt and €800K Equity
“In this seed round, debt was in the amount of two million euro, And equity was 800,000 euro.”
Nowak: Flexi charges 2.9% per payout or $8 monthly per employee
“So employee will start from the provision on 2.9% for a payout. If the employee pays the fee, there is also a subscription-based model where employer can pay a monthly subscription for each employee, and the subscription fee is more or less eight dollar per mo…”
Nowak: Four to Five Hours of Sleep Is Enough for Startup Founders
“That's enough. Come on, it's a startup. Four to five hours.”
Flexi Serves Over 20 Employers and 10,000 Employees
“Today we have more than 20 employer who and to those employers we provide an app to about more than 10,000 employees today, yes.”
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