The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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McCarter: Booker processed nearly $3.5B across 10,000 locations in 2016
“And we did last year, we did almost three and a half billion dollars of transactions across the 10,000 locations.”
McCarter: Booker charges $100-$250 per month plus merchant processing fees
“We charge anywhere from call it a hundred to 250 bucks a month for the subscription revenue. Then we also make money on merchant processing. We have several integrated merchant processing partners. And then the third piece is we sell a add on product called Fr…”
McCarter: Booker raised nearly $80M across three financing rounds
“We're just shy of eighty million at this point. We've done three, three rounds of financing.”
McCarter: Booker has 10,000 live locations and 2,000 on Frederick
“So we have about 10,000 locations that are live on the on, on Booker, and about 2000 that are on Frederick.”
McCarter: Booker has 24 months of cash runway
“And so now we're, you know, it's really about, I got, you know, 24 months of execution in front of me. And . Does that mean 24 months of runway? Yeah, 24 months of runway.”
McCarter: Booker's monthly customer churn is below 2%
“What I can tell you is that typically SMB businesses are, or SMB SaaS businesses churn at a very high rate, you know, north of two percent, some up to five percent. Monthly, right? Yeah, monthly. I can tell you we are below the low end of that.”
McCarter: 50% of Booker's churn is SMBs going out of business
“And I can also tell you that 50% of our churn is actually people going out of business.”