Assertion Not checkable as stated
Splynx has around 700 paying business customers
“At the moment we have around 700 companies working with us.”
Assertion Not checkable as stated
Bootstrapped Splynx reaches $3M in annual revenue
“We are currently on a three million dollars annual revenue. And we started six years ago and bootstrapped completely.”
Assertion Not checkable as stated
Splynx grew revenue from $80K to $3M across six years
“It was it was one million. Then we went to two million. So we doubled and always in the previous years, we also doubled the revenue. So we started with like 80,000 dollars. Then we went to two 50. Then we went to 500. Then we went to 1,000,002 million at the m…”
Assertion Not checkable as stated
At least 35 of Splynx's 50 employees are engineers
“At least 35.”
Assertion Not checkable as stated
Splynx adds 15 customers monthly while losing around two
“So if I can tell you that if we gain 15 customers per month, we lose maybe two customers, but mainly it's a new companies that we're not able to onboard, for example.”
Disclosure
Splynx equity is split 48%, 24%, 20%, and 8% among four partners
“The biggest one has 48%. Me and my partner, we have 20, 24, and there is one silent partner with eight percent.”
Disclosure
Splynx pays roughly $200,000 in dividends to its four founders
“200,000 more or less.”
Disclosure
Splynx pays sales reps a 3% to 5% first-year commission
“They do have some fixed salary and then based on on the sales that they bring or they process we pay them some percentage on annual revenue, first year of the annual revenue... Five three percent and up to five percent depends on, on their involvement.”
Assertion Not checkable as stated
Fishkinov: Splynx sales reps average $2k to $2.5k new MRR monthly
“Usually they make more. They make like two and a half thousands monthly... So in, in, in general, they make around two, 2.5. Monthly one, each of them”
Assertion Not checkable as stated
Splynx customers pay around $350 per month on average
“Monthly they pay us around 350 US dollars. So it means like 4000 dollars annually.”
Assertion Not checkable as stated
Splynx serves clients in 50 different countries
“We have clients from 50 different countries.”
Assertion Not checkable as stated
Fishkinov: Splynx spent about $4k last month on paid ads
“I think around like 4000 dollars.”
Disclosure
Splynx reps must close at least $1k new MRR monthly
“The minimum is everyone should have like 1000 dollars monthly revenue, the new one. So if they make it, then we start talking about some kind of bonuses”
