Question 1

Per your recent update, you fell very short of the $3 - $6M processing volume you estimated in your pitch deck. What was the cause of this large miss and how does it affect your estimates for 2019 and beyond? Also, you mention that multiple clients reported x2 increase in digi...

Accepted Answer

Hi John,Thanks for askingFor the last 4 months our focus has been on product iterations and fundraising over sales. Unfortunately, fundraising is FT job by its own. Now, we have secured enough investment  and matured product sufficiently to start paid marketing campaigns and we are expecting significant user acquisition in the first half of 2019.It's difficult to estimate how many of new clients we can get but our marketing budget is close to $200K. We hope to secure additional inst...

Question 2

Would the team consider distributions in the future? I would prefer distributions instead of looking for a buyout.

Accepted Answer

Hi Matthew, Currently we are not considering repaying dividends as we want to invest as much as possible in the future growth. Dividends are very uncommon with tech, VC oriented companies, especially in the early stages.Instead, we do see a payment company acquiring us to switch to their processing network ( happens all the time in payment processing industry ). We are going for $1B+ valuation in the next 6 years based on $5B+ annual processing vol...

Question 3

Hi Peter - You mentioned below VC fundraising efforts. Can you shed any light on where you with those, who has invested and roughly how much? I ask because it looks like fundraising on this platform might come in on the lower side, which may not have anything to do with your v...

Accepted Answer

Hi Julian,This is a great question. The short answer is that will will have more than enough money to keep going. We have a $1M term sheet we are considering. Our goal is to raise $3M. The truth is that the Wefunder campaign was so that my friends and family would have an opportunity to be a part of this venture. I will post March update this week—a LOT of great things going on.

Question 4

Hey, Just wondering the status of our investment. I invested $2k in 3/2019, but have not heard anything in a few years.

Accepted Answer

Hi Gregory, Thanks for reaching out, and thank you again for your trust and support early on.The company is doing well, and we’ll be sending an update later.Also, apologies that we haven’t shared much over the past few years. We’ve grown into a much bigger company, and with competitors watching closely, we’ve had to be more thoughtful about what we share publicly.Really appreciate your support.Best,Yuriy Smirnov

Question 5

Hi, Can we get an update to how our investment is doing? Seems like the company has been growing recently. Thanks.

Accepted Answer

Hi Tim, Thanks for reaching out, and thank you again for your trust and support early on.The company is doing well, and we’ll be sending an update shortly through Carta's investor update

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