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.
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.
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.
Clear from what?