Numberz takes a 2% fee on $5K-$7.5K annual customer volume
Addy Tulsihan · EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian · Feb 21, 2017 · at 5:25
Numberz CEO Aditya Tulsian explains the transaction fee take rate and average processing volume per customer to Nathan Latka.
0:00 / 0:20exact quote · 20.5s
720p mp4 · rendered on demand · StarZero watermark
“The transaction fee comes to somewhere around about two percent of every transaction that is done on the platform. So, and on average, they end up doing anywhere between you know, some about 5000 to seven and a half thousand us dollars every year on an average. And so we get a two percent of that.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Addy Tulsihan
Numberz revenue is split 50-50 between SaaS and commissions
“It's like a fifty-fifty split. 50% comes from the software as a service and 50% comes from the commissions that we get from the financial institutions.”
Numberz earned its initial revenue manually before building any software
“Actually we got that money really that at that point of time we had not built any software. We were, we always believed in this lean startup principle. So we actually started trying to help our customers get invoice discounting from our partner financial insti…”
Numberz hosts 5,500 businesses and up to 9,000 platform users
“In terms of total number of users, we have I think so eight and a half to 9000 users, but in terms of unique businesses, we have 5500.”
Numberz has approximately 1,200 paying customers in January 2017
“I think we'll have around about 1200 paying customers right now.”