Product
The amount of revenue a client will share daily.
What is a remittance rate?
A way of measuring a client's lifetime value that defines the maximum amount of capital we could deploy to our book of business.
What is PEV or potential enterprise value?
A statement that shows the change in cash for the year.
What is a cashflow statement?
We debit our clients on this cadence.
What is daily?
Formal conversations require an email, but day to day questions should be sent here... with gifs.
What is slack or the searchable log of all conversations and knowledge?
This is how we issue funds to our clients.
What is a virtual card?
The percentage of revenue sharing our client agrees to.
What is RR the repayment rate or remittance rate?
These costs are consistent regardless of the amount of output from a company.
What are fixed costs?
APR normalizes interest across this time period.
What is one year or annual?
Search here for documentation about our internal processes.
What is Tettra?
Our product is not a loan! The structure is represented by the acronym MCA.
What is a merchant cash advance?
As part of the diligence process and ensuring we will be paid back we review how many times a clients bank account has not been able to make a withdrawl. Measured by this metric.
What is NSF or insufficient funds?
What is interchange?
Origination amounts are based on the assumption that we will be paid back via revenue share in this time period.
What is 5 months?
Congrats you just won a free cruise! Please book your time off here.
What is BambooHR?
The fixed fee for our product.
What is 12.5%
We require an employer identification number and article of incorporation for this part of the diligence process.
What is KYB or know your business?
Selling price less variable cost, resulting in an incremental profit of each unit sold.
What is the contribution margin?
Our clients are tiered into small and mid market based on a $300K threshold in this period of time.
What is monthly?
Our client relationship management system that recently also became our external support library.
What is SFDC or SalesForce Dot Com?
If the first offer for a client is $250K origination at a 10% remittance rate, the offer for 20% remittance would have this origination amount.
What is $500K?
This creates the infrastructure to debit our client's bank accounts.
What is an ACH or automated clearing house?
Offers at Clearbanc are built to maintain repayment term and this key metric.
What is IRR or internal rate of return?
Tech sprints run this many days to GSD.
What is two weeks?
Somethings up and you need to file a support ticket here.
What is clubhouse?