MarketFactory

“No, we're pretty much like EBITDA break even. So, you know, 50 grand, 200 grand plus, you know, maybe like 600 K minus depending on the last couple of years.”

“We actually just charge it by functionality module. So let's say a bank typically needs, you know 20 exchanges to start to trade with to begin, but they'll scale up to 35, 40 exchanges. So we'll charge an ARR per exchange per module. Right. And it's unlimited …”

“Our cap, okay, our customer, our cap is probably four to six months.”

“Our entire series A was seven million, right? And 1.3 million is from a great venture partner first mark capital in New York. But the remainder of 5.7 is all from individuals.”

“Our average revenue per account is 400,000 ARR. Dollars. Our range of, we have about 30 enterprise customers who pay us between a hundred K and over a million dollars a year.”

“Found a great partner in lighter capital based in Seattle. You know, they gave us like a 500 K AR 500 K loan.”

“We're probably like 45% banks, 45% funds, you know, the buy side. And then about 10% brokers.”

“We actually brought the SAS model. We're probably the first ones to bring the SAS model to foreign exchange. So we are strictly, you know, MRR, ARR based.”

“Yeah, net, net, it's like one 25 to one 38.”

“So what Market Factory does is provide a single platform, a single API that connects all these different B to B institutions to one another to trade all these foreign currencies, and it's very much an institutional market.”

“If you trade stocks, there's probably three major exchanges, New York Stock Exchange, NASDAQ, and some others in the US. But if you trade currencies, it's a very global market, right? It's almost like Napster for trading, which is every single bank, every sing…”

“Company is 36 people between New York and London, mostly engineers. We actually only have three salespeople, three, three salespeople who also do some account management.”

“So our LTV is about is about eight years. Okay. We have one customer that's at nine years.”