Doug Wilbur highlights the core banking processor relationships Gremlin Social gained through the acquisition of Social IQ.
0:00 / 0:05exact quote · 5.3s
720p mp4 · rendered on demand · StarZero watermark
“SocialIQ is firmly embedded with FIS and CSI, so two leading core processors, and so we like that.”
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More from Doug Wilbur
AssertionNot checkable as stated
Gremlin Social previously suffered from 10% to 11% monthly logo churn
“It was probably somewhere around, call it, 10, 11% month on month, and we're ratcheting that back.”
Doug WilburAug 18, 2019▶ 10:351485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
AssertionNot checkable as stated
Gremlin Social acquires $625-a-month customers for under $200
“Oh, I mean, definitely less than 200 dollars.”
Doug WilburAug 18, 2019▶ 12:131485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
Disclosure
Gremlin Social serves 300 US banks and targets adjacent verticals
“So we work with about 300 banks today, primarily in the United States, and, you know, are looking to grow via adjacency, so growing into insurance, growing into wealth management, growing into mortgage, things like that.”
Doug WilburAug 18, 2019▶ 6:111485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
AssertionNot checkable as stated
Gremlin Social's year-over-year revenue growth is between 30% and 40%
“Year on year growth is somewhere between 30, 40%”
Doug WilburAug 18, 2019▶ 6:381485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
AssertionNot checkable as stated
Gremlin Social's sales and deal sizes rose 33% under new pricing
“So our sales last quarter, which was the first quarter that we were under our new pricing model, sales were up like 33%. Our average deal size was up about 33%.”
Doug WilburAug 18, 2019▶ 7:121485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
Disclosure
Wilbur: Gremlin Social is raising $1.5M at an $8M pre-money valuation
“It's a, we're raising one and a half and an eight million pre nine and a half post.”
Doug WilburAug 18, 2019▶ 9:041485 Social Media Management For Banks Raising $1.5m on $8m Pre (4x ARR)
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