SEON

12 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Feb 25, 2022 by Thomas Kedar · said 15 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (15)

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Everything said about SEON, oldest first

Feb 25, 2022 positive
Disclosure
SEON aims to raise a $60M to $80M Series B
“So our B will be, yeah, around 60 to 80. That's what we are aiming at, but you know, it's still ongoing.”
Thomas Kedar Feb 25, 2022 ▶ 16:04 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Supported
SEON Serves Revolut, Nubank, Patreon, and Afterpay as Fraud Prevention Clients
“We work with some of the largest now banks such as Revolut, Nubank, Work with subscription services, such as Patreon. we work with online gambling companies, online lending companies, PNPI companies. So like after pay”
Thomas Kedar Feb 25, 2022 ▶ 3:03 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022 bullish
Assertion Not checkable as stated
SEON boasts an exceptionally high net dollar retention near 200%
“It's very close to 200, actually.”
Thomas Kedar Feb 25, 2022 ▶ 8:52 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Contradicted
SEON charges four to eight cents per API call
“It's between four to eight cents.”
Thomas Kedar Feb 25, 2022 ▶ 5:46 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022 positive
Assertion Not checkable as stated
SEON maintains a 5% annual gross revenue churn rate
“Not really. It's like five percent a year. We don't see, you know, businesses switching from us to other tools. What you see is they cease to exist, usually due to some You know, business continuity issues such as COVID and so on.”
Thomas Kedar Feb 25, 2022 ▶ 9:05 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022 neutral
Disclosure
SEON requires CSMs to reach 2% monthly expansion for commission
“Yeah net expansion yeah, should be at least two percent uplift from previous month the space, and then they earn Also the same amount of commission based on that, but yeah, it's a new scheme.”
Thomas Kedar Feb 25, 2022 ▶ 11:57 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Not checkable as stated
SEON Has Close to 200 Direct Customers and Protects 5,000+ Online Businesses
“Well, we have just close to 200 direct customers, but since we have some payment gateway customers we are protecting more than 5000 online businesses out there.”
Thomas Kedar Feb 25, 2022 ▶ 4:03 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Not checkable as stated
SEON Has Never Raised Prices Since Inception
“No, it's always been like that. And we never raised prices since the beginning.”
Thomas Kedar Feb 25, 2022 ▶ 5:55 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Supported
SEON has raised $13M in total funding to date
“We have raised so far thirteen million USD.”
Thomas Kedar Feb 25, 2022 ▶ 1:47 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Disclosure
SEON anticipates 15% to 20% dilution in its Series B
“No, I mean, valuation would be like, of course you know, we would dilute the same amounts before. So standard dilution, you know, between 15 and 20%.”
Thomas Kedar Feb 25, 2022 ▶ 16:28 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Not checkable as stated
SEON Processed Over 90 Million API Calls in December 2021
“It was more than nine million. Nine or nine zero? Nine zero. Nine zero million. Just in December of last year, 20, 21. That's right.”
Thomas Kedar Feb 25, 2022 ▶ 3:47 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
Feb 25, 2022
Assertion Not checkable as stated
SEON's average annual contract value sits at $55,000
“The ACV is Around right now, like, 55,000 US dollars a year. So about 4500 US dollars a month, I would say.”
Thomas Kedar Feb 25, 2022 ▶ 6:40 Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue
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