The Ledger
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SEON boasts an exceptionally high net dollar retention near 200%
“It's very close to 200, actually.”
SEON aims to raise a $60M to $80M Series B
“So our B will be, yeah, around 60 to 80. That's what we are aiming at, but you know, it's still ongoing.”
SEON Serves Revolut, Nubank, Patreon, and Afterpay as Fraud Prevention Clients
“We work with some of the largest now banks such as Revolut, Nubank,
Work with subscription services, such as Patreon.
we work with online gambling companies, online lending companies, PNPI companies.
So like after pay”
SEON Processed Over 90 Million API Calls in December 2021
“It was more than nine million.
Nine or nine zero?
Nine zero.
Nine zero million.
Just in December of last year, 20, 21.
That's right.”
SEON Has Close to 200 Direct Customers and Protects 5,000+ Online Businesses
“Well, we have just close to 200 direct customers, but since we have some payment gateway customers we are protecting more than 5000 online businesses out there.”
SEON Has Never Raised Prices Since Inception
“No, it's always been like that.
And we never raised prices since the beginning.”
SEON's average annual contract value sits at $55,000
“The ACV is Around right now, like, 55,000 US dollars a year. So about 4500 US dollars a month, I would say.”
SEON maintains a 5% annual gross revenue churn rate
“Not really. It's like five percent a year. We don't see, you know, businesses switching from us to other tools. What you see is they cease to exist, usually due to some You know, business continuity issues such as COVID and so on.”