Mohamed Ibrahim

Co-Founder and CTO, Penny Software · 1 appearance on the record.

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founderexecutiveengineer

Mohamed Ibrahim is the co-founder and CTO of Penny Software, a Saudi Arabia-based B2B procurement and source-to-pay SaaS platform launched in 2020. Prior to co-founding Penny, he worked as a software engineer at Saudi Aramco.

7statements → 1claims → 0claims resolved → 4/5average certainty → 1.43/5average debate potential →

1 not checkable as stated how the 1 claim stands · each chip opens the sources

1 prediction · 1 insight · 5 disclosures · every statement was checked. The prediction and assertions are the 1 claim: statements the public record can support or contradict. 0 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mohamed argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Mohamed Ibrahim on measured tape to publish a rate. This says nothing about how they speak.

What they said7 Episodes1

Everything Mohamed Ibrahim said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated

Penny Targets 4x to 5x Revenue Growth on $5M Seed Runway

“The way we're targeting is a multiplier in terms of revenue by the end of this round. Is a multiplier by four to five times.”

Mohamed Ibrahim Mar 17, 2022 ▶ 13:36 Cloud Management Starts Grows 100% to $35k MRR This Month

Disclosure

Penny Averages a 7% to 10% Take Rate on Cost-Saving Contracts

“Yeah, something, yeah, something between seven to 10%.”

Mohamed Ibrahim Mar 17, 2022 ▶ 3:37 Cloud Management Starts Grows 100% to $35k MRR This Month

Disclosure

Penny Charges Approximately $1,000 Per User Annually for Software Licenses

“I mean, for standard offering we use, I mean, for just general users, we offer something around 1000. Per per year as a license licensed software.”

Mohamed Ibrahim Mar 17, 2022 ▶ 4:44 Cloud Management Starts Grows 100% to $35k MRR This Month

Disclosure

Penny Lands 20 to 100 Seats Per Enterprise Customer Deployment

“On average, it is like, I mean, we target like small I mean, we focus mostly on medium to large companies. So this can actually range from a 20 all the way to a hundred users targeting people who work in procurement departments for big corporates and companies…”

Mohamed Ibrahim Mar 17, 2022 ▶ 5:17 Cloud Management Starts Grows 100% to $35k MRR This Month

Disclosure

Penny Raised $5M Seed Round at $20M to $25M Valuation

“That's right. So, I mean, it was something around this value. I mean, you basically could estimate it, right?”

Mohamed Ibrahim Mar 17, 2022 ▶ 13:29 Cloud Management Starts Grows 100% to $35k MRR This Month

Insight

Penny Split Founder Equity Unevenly Based on Initial Risk and Time

“Basically some people took more risk at the beginning. So those people basically deserve more shares to start with than those who took lower risks to start with.”

Mohamed Ibrahim Mar 17, 2022 ▶ 15:24 Cloud Management Starts Grows 100% to $35k MRR This Month

Disclosure

Penny CEO Delays Having Children Until Startup Reaches Self-Sustaining Growth

“I'm delaying that actually until I get my startup to a really right position where it can actually grow itself from there.”

Mohamed Ibrahim Mar 17, 2022 ▶ 19:11 Cloud Management Starts Grows 100% to $35k MRR This Month

Appearances (1)

Episode	Date	Speaking time
Cloud Management Starts Grows 100% to $35k MRR This Month	Mar 17, 2022	11m

Mohamed Ibrahim

The record, in short

How they sound: not measured why? →

Appearances (1)

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