He Did $1m last year selling South American Business Data to firms like CapIQ
Feb 29, 2024
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Explore how K-Looks offers Brazilian financial data with OCR tech, serving firms like CaptVate. Revenue mix, business model, and data service revenue model discussed. Innovative data sourcing process and personal reflections shared by CEO, Alex Abu-Jamra.
K-Looks' revenue composition includes data as a service, peer services, and software as a service, showcasing diverse income streams for growth.
K-Looks excels in data extraction from challenging sources and prioritizes data quality assurance, setting them apart in the industry.
Deep dives
Business Growth of klooks.com.br
K-Looks, launched in 2021-2022, generated over $500,000 revenue in 2023 by providing Brazilian financial data to clients like Captivate, IQ, and Bloomberg. With a team of seven engineers, they focus on cleaning and structuring data before selling it, attributing their success to a unique OCR process. Their revenue composition includes 50% data as a service, 30% peer services, and 20% software as a service, showing substantial growth towards a $1 million revenue target.
Revenue Model Evolution and Customer Base
Originally selling data to intelligence platforms like Bloomberg, K-Looks expanded to servicing banks directly, aiming to enhance their data offerings to a wider market. They have approximately 50-60 direct paying customers and 500-600 indirect customers who integrate K-Looks data into their products. Resellers like Neo way and TTR Data play a significant role, offering K-Looks data to clients at different price points.
Unique Data Extraction Process and Growth Strategies
K-Looks' competitive edge lies in their unique data extraction process from challenging sources, transforming unstructured data from PDFs into usable formats. With a team of 40, including 7 engineers, their dedication to data quality assurance sets them apart. Despite potential advancements in AI, K-Looks' focus on structured data quality and expansion plans internationally and in SaaS indicate a promising future growth trajectory.