FundApps

10 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Nov 22, 2019 by Andrew White · said 18 times in 1 episodes since 2019 · across every show →

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2019 18 mentions in 1 episode

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Everything said about FundApps, oldest first

Nov 22, 2019
Disclosure
91% of FundApps' revenue growth comes from new client acquisition
“It's 91% new, new client base, but two of our existing clients subscribe to our second product.”
Andrew White Nov 22, 2019 ▶ 12:05 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 positive
Assertion Not checkable as stated
FundApps has lost only one customer in eight years of business
“We've only ever lost one customer in eight years of business.”
Andrew White Nov 22, 2019 ▶ 9:47 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 neutral
Disclosure
FundApps triggers pricing increases for M&A, not organic AUM growth
“So for us, what we call organic increase, which as you said, would be You know, going from a hundred million to five hundred million will be included in the price, where we would say, okay, you've moved to different categories, what we call non-organic growth,…”
Andrew White Nov 22, 2019 ▶ 6:24 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 positive
Disclosure
FundApps is highly profitable and will not raise outside capital
“No plans to raise cost of capital. We're very profitable at the moment. Our revenue curve is, is increasing faster than our cost curve. So not respect. I don't see a need for plans for next year. We're opening an APAC office, you know, that will be funded with…”
Andrew White Nov 22, 2019 ▶ 16:01 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019
Assertion Not checkable as stated
FundApps' annual contract values start at approximately $100,000
“So we started about a 100,000 dollars upwards.”
Andrew White Nov 22, 2019 ▶ 1:51 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 neutral
Assertion Not checkable as stated
FundApps currently has 45 enterprise clients globally
“We currently, I think our latest total as of yesterday was 45 clients globally.”
Andrew White Nov 22, 2019 ▶ 2:47 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 bullish
Prediction Not checkable as stated
FundApps will reach $20M ARR in 1-5 years depending on Brexit
“Depending where Brexit goes, et cetera, that might, could be a five-year target. If Brexit goes well, it might be a one-year target, but you know, next one of the five years, shall we say.”
Andrew White Nov 22, 2019 ▶ 11:09 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 neutral
Disclosure
FundApps sells all-inclusive contracts without typical SaaS upsells
“So we're unusual like that, that basically our fee is, is everything. It's the entire shooting match for one service. So we don't typically have an upsell or isn't the silver gold platinum service levels that you might have in your typical Zendesk. So for us, …”
Andrew White Nov 22, 2019 ▶ 4:06 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019 positive
Assertion Not checkable as stated
FundApps gets 90% of its enterprise sales from inbound leads
“Paying commissions, but as I said, most, 90% of sales have been inbound over the last few years.”
Andrew White Nov 22, 2019 ▶ 14:50 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
Nov 22, 2019
Assertion Not checkable as stated
FundApps' total addressable market is roughly 2,000 financial institutions
“There's 500 large asset managers, you know, you've got about a thousand hedge funds, you've got quite a few investment banks, you know, about 2000.”
Andrew White Nov 22, 2019 ▶ 10:24 1581 How This FinTech CEO Hit $10M ARR With No Expansion Revenue
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