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S7 E4: Not Fintech Investment Advice: Modak Makers, Casap, Silver, Elpha Secure
Fintech Takes
Maximizing Claiming Eligible Expenses with Silver App
By using the Silver app, individuals can effortlessly scan their receipts to determine if their prescription purchases are eligible for reimbursement. The app charges 4% of any qualifying expenses it identifies, with an average revenue per user of $13. With 72 million potential users in the US, capturing just a 1% market share could result in annual recurring revenue of 9.4 million, while a 10% market share could lead to 94 million in revenue. Therefore, Silver has the opportunity to capitalize on this untapped market by providing a seamless and beneficial user experience.
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