The Ledger
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UtilizeCore expects to process $1B in transaction volume over 12 months
“We're estimating close to a billion dollars of you know, processing through the platform in the next, you know 12 months or so.”
Gottfried: Brightview processed $250M through UtilizeCore
“Brightview processed two hundred and fifty million through our platform.”
UtilizeCore charges a $33K annual fee plus 0.5% per transaction
“We, it's 33,000 dollars for the subscription for the year. We, it's a one-time fee, and then we charge per transaction. We take a half a percent per transaction that goes through the platform.”
Gottfried: UtilizeCore grew transaction revenue from $150K in 2017 to $1.6M in 2020
“So, 2020, one, six 2019 was seven, around 700,000. 2018 was, you know, roughly 300,000, and then 2017 was around a 150,000.”
UtilizeCore is raising $5M to $7M to accelerate growth
“We think we're going to need, you know, five, seven plus million, you know, to really see growth.”