Our Business Model is designed to generate high profitability even with low volumes of clients and limited amount of services:
Cost-per-unit is low:
– We use our own platform and we have automated 70% of the expensive admin tasks such as KYC/onboarding and back-office management.
Cost of client acquisition is low: clients are not coming from mass-market viral marketing. Instead they are mostly from targeted viral marketing, referral agreements with channel partners and “whitelabel” delegated service.
– We assess our cost of client acquisition to be around 30% of the generated revenues.
High-revenue per client: the clients are paying for all services. Many of them have complex structures and activities.
– Average revenue per client per year stands at $6000 as compared to £13 per year for an average REVOLUT Client
– Clients are paying a monthly subscription including a certain number of transactions and then additional fees for specific services.