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Because it's not a payment processor. It's instead a polished, hosted UI component that integrates with payment processors. And the valuation is because they
by threeseed 5y ago
Because it's not a payment processor.
It's instead a polished, hosted UI component that integrates with payment processors.
And the valuation is because they have a lot of customers and they clearly make a lot of money.
- nrmitchi 5y agoAccording to their "shopping network" they have 249 merchants in their network. Note that this is their "shopping" page, so it doesn't make sense for them to hide customers. Their ARR is reportedly $40M. This gives a ARR multipe of.... 275x. Which is ridiculous. And, as you mentioned too, they're not a payment processor. They're a hosted UI. It would be interesting if the cost of processing fees is accounted for in the reported ARR numbers.
- runeks 5y ago> […] they clearly make a lot of money. Clear from what?
- sonicggg 5y agoIn that case they offer even less value than I imagined.