The Ledger
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Mindee has zero logo churn, claims CEO Jonathan Grunpion
“We have no logo churn and a very strong native function rate.”
Mindee achieves 200% to 250% net dollar retention after year one
“It's between 202 150 persons after one year.”
Mindee signed its first customer in 2019 by displacing incumbent ABBYY
“They call Luca, L-U-C-C-A. And they add an expense management solution and expense management mobile application. And they wanted to improve the user experience when passing receipts. And they were using a company called ABBYY. I don't know the English pronunc…”
Mindee is growing 15% month-over-month entirely through organic growth
“We are growing 15% monthly only with organic growth.”
Mindee charges 10 cents per page on its base pricing tier
“One page is 10 cents on the first pricing grid. And then the more you consume, the more you use the API, the less the marginal price will get.”
Mindee has approximately 70 active customers as of late 2021
“Today, I don't have the exact number, but it's about 70. I think.”