Perx

“But eventually it took me two years to re recap the entire investment table, because we had a lot of strategic investors and, you know, family money in Asia a lot of billionaires on our cap table, so you gotta play.”

“We're now into the third year of this enterprise solution that we're going to market, and we had started with 500 K, then one million ARR, and now we're actually closing this fiscal year on five million, so the five X growth.”

“We're looking at 15.”

“We have about a few million left. We have a nine months runway.”

“It was probably about 400 K, 500 K. An ARR.”

“Our average ACV, a 150.”

“Around 10.”

“And then other competitors are highly focused on retail and FMCG, which is a declining sector. So we're actually very diversified into FSI, telcos.”

“In Asia, the merchants are so low tech that it, the maintenance was not scalable either. They're spoon fed. You know, the governments would give them, you know, so much grant money to sustain their business, and they're so entitled to, ah, the government money…”

“So we raise our B round on 27 pre-money, this round.”