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SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
15:42
Snipd AI
Discussion on revenue breakdown, Chase Bank's transparency issue, platform payment and pricing model, company history and impressive growth, and team structure and hiring strategies
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Quick takeaways
- UtilizeCore generates revenue by taking a half percent transaction fee from the total volume processed through their platform, amounting to a couple hundred million dollars.
- UtilizeCore plans to raise around seven million dollars in capital to capitalize on the 680 billion dollar market in service management and facility management and optimize the industry by automating processes and introducing AI technology.
Deep dives
Revenue Streams from Percent of GMV and SaaS Product
The company, UtilizeCore, generated approximately 1.6 million in 2020 from their percent of GMV revenue stream. They take a half percent transaction fee from the total volume processed through their platform, which amounted to a couple hundred million dollars. Additionally, they have 20 customers, including Brightview, who pay an average of $33,000 per year for their SaaS product. This brings in an additional 500 to a million dollars in annual recurring revenue.
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