CrewPay Whatupdate No. 46
Hello, crew.
Team Accomplishments & News
- No updates
Product Accomplishments & News
- Product update from Matt: Slides
Sales, Marketing & Customer Success Accomplishments & News
- Met with Damion to begin building financial models for pitch book
- More PR outreach
- Picked up by Folyo (at least one customer signed up)
Revenue & New Client
- 21 transactions last week (220YTD)
- $21k sent last week ( $352K YTD)
- 6 new companies, 6 new contractors
- 5 active companies (20 total)
- 57 active contractors (143 total)
- Totals:
- WoW Contractor growth: +4.2%
- WoW Company growth: +42.8%
Closing Thoughts
We had a good session with Damion this week. One of our goals is to find and build a compelling story investors will get excited about.
One that I’ve been researching for a few weeks and that is starting to come together is youth sports officials, coaches, etc.
The youth sports industry is large. $19 Billion in the U.S. large. And as we’re learning, most referees, judges, etc. are paid in cash at the game. Yeah. That’s crazy. In addition, we see room for additional services like background checks being valuable.
Similar to youth officials, Airbnb hosts also use cash or PayPal to pay cleaning and maintenance workers.
Cash in 2020? Crazy.
We’ll continue to chase these down as we build models over the next week or so.
Have a great week.
Ever,
David