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Yeah, they are doing less than 1 transaction per week per ATM. There is no way that can be a profitable business accounting for costs of the ATMs and rent.
by sanswork 2y ago
Yeah, they are doing less than 1 transaction per week per ATM. There is no way that can be a profitable business accounting for costs of the ATMs and rent.
- conductr 2y agoMost of their ATMs are partner ATMs, meaning it’s just an integration into someone else’s hardware (capex). Even still, I’m guessing on this volume they’re barely making $500k in annual revenue. Could be a lot less depending on how much they have to share with those partners. Could be a lot more if they’re being extremely shadey with exchange rates or somehow able to gouge on fees.