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Practice Ignition processes over $1B in annualized payment volume
“We've got a couple of billion dollars of revenue under management, and we process north of a billion annually at the moment”
Practice Ignition's customer base is 95% CPAs and bookkeepers
“95% of our customer base are CPAs and bookkeepers around the world.”
Practice Ignition customers average $400/month across SaaS and payments
“The payment's about US 400 a month for a mix of software and payments. So sort of a blended piece, the average software clip is about a 150 US and the payment's about two 50.”
Practice Ignition achieves a 50 bps blended take rate
“The blended take rate for ourselves is about 50 bips at the moment.”
Practice Ignition charges 270 bps on US credit cards and max $1 on ACH
“We've got 270 bips in the US on credit card, and this is a headline rate but we have a flat fee charge for ACH presently, and so if you're processing, ah, B to B payments, similar to say like a bill.com, but you're running it through us, ah, between the two pa…”
Practice Ignition reached break-even profitability in 2019
“We actually got through the break even in 2019”