Question 1

Hello, how long have you been in business and what’s your been your overall return for the last 18 months?

Accepted Answer

Hi Raymond, thanks for your question. Our platform has been live since September 2020. Our customer base continues to grow with ~ 40 companies currently running their payroll with us. We're also onboarding another 50 companies as we speak. These customers are early adopters and are paying a de minimis rate in order for us to get some early validation of our product. We've enjoyed a 100% accuracy rate since we launched. Feel free to reach out if you have other questions, or book time with...

Question 2

Hello Brad THANKS! I just sent over a meeting invite.

Accepted Answer

Excellent; I look forward to speaking with you later

Question 3

As an insurance broker in California, i have seen many different payroll vendors. Many include other services such as HR, compliance,Cobra etc. Does Karbon plan to either partner with a company to bundle services, such as these? Being a Benefits broker for over 25 years, emplo...

Accepted Answer

Hi Ross, this is a great question. We certainly will be partnering with appropriate services in order to create an integrated bundle where there is a seamless flow of data and information. In fact, we are already in conversations with a 401(k) partner for US customers. The same will apply to health care et al. Thanks for the question, I’m happy to connect if you have further questions.

Question 4

Hi. How much revenue are you generating from the current 40 companies? What are your revenue goals for the next 5 years?

Accepted Answer

Hello Leonardo, my apologies for the delay in response, and thanks for your question. Our current customers are early adopters and are paying a de minimis rate in order for us to get some early validation of our product. As we continue to add countries, however, we do project significant revenue growth. If you are interested, I'd be happy to connect with you and our CFO on a call to talk you through our financial model and revenue projections (you can book time here: calendly.com/karbonpay/me...

Question 5

How much runway will this round carry? What is your current burn rate?

Accepted Answer

Hi Justin, thanks for the question. We would look to raise an additional round after month 12 following close of this round. Currently our burn is very low (no execs getting paid, etc) and is ~ $12k pm. Don’t hesitate to let me know if you have other questions I can help with.

KarbonPay

Automating global payroll in the cloud

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