The Ledger
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Kamstra: Urbanhire will pivot revenue model from SaaS to insurance broking
“So we're building different components, but you know, our focus, we're going to change the revenue model from SAS to one of broken revenue. And therefore we need to build out a broken component benefits administration, and again, focus very specifically on Ind…”
Kamstra: Local regulations keep global HR platforms out of Indonesia
“The thing about these platforms is they're highly, they're very much dictated by local regulation and therefore every company is going to have its own special needs, its own special configurations and its own implementation skills. So Indonesia has not been re…”
Kamstra: Urbanhire targets pre-mature markets before developed regions
“What I've decided that we should do is focus on the markets that's about to be mature and then go after the other markets as opposed to what most people have done, which is focus on the more mature markets and then try to go into the other regions when it make…”
Kamstra: Urbanhire will reach about $100,000 monthly revenue by year-end
“No, actually we are at about where by the end of the year, we will be closing about a 100,000 per month.”
Kamstra: Urbanhire generates around $69,000 per month in revenue
“I believe Vincent would have been better for this one, but I believe we're at around 69.”
Kamstra: Urbanhire has raised $1.2M in total funding
“So as of today, I want to say that they raised 125, I'm sorry, one point, yeah, 1.2 million.”
Kamstra: Large companies like Aon operate in buy mode, not build
“Companies at this point, you know, companies as large as Aon, they're in a buy mode. They're not going to build something.”
Kamstra: Urbanhire experiences 20% annual customer churn
“Well, it's 20%, 20% churn. Sorry. I was looking at the wrong side of that.”