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Yeah, good point AIM, Will be a good day when one of those very big firms land.
RE 1000, Im just going on the logistics. 600 is 50 a month, say 4 weeks, 5 trading days. Thats over two a day on average. With due diligence etc. I'd be interested to know what number they can hit. Last RNS that mentioned it said 600 per year.
Zac was already talking up 10 or so funders with AZ. This is before the recent developments with the US, which would push that up. If each brings 200 to the platform, that's 2000 client company contracts. With the figures we are seeing regarding the two Italian banks and Epic SIM, 200 is a very low number.
SYME is the water, the financers are the person leading the horse to the water, the horse is the client company and the horse in this case is drinking the water.
Aim2makemonee, is that per month or per year the figures?
Italian banks have already introduced 272 companies & Epic?
@Gun As we already know and Zac states, the two Italian banks have already introduced 272 companies. We should expect many more from just these two Italian banks. Epic Sims target is 250 in 2021. At present they were bringing almost 1 per day. Now let's expand this out into the rest of the EU, ME and US.
It's easy to see how in Zac's case, SYME will get 2000 client companies.
Imagine the response if an rns came out saying a big bank like JPM was adding to the funding. (speculative)
and inventory funders
Who are they then? Lol
The first Client companies within the new operating regions of the UK, UAE and US are currently being analysed in partnership with local partners and inventory funders. Specific updates will be provided on each of these operating regions in due course.
It's nice to see good well written articles. The demand will continue to grow over the next few years. 600 clients is a good start but with the potential USA in the mix.. I can see more funding and a big ramp up on client figures, even if it takes a couple years.
Agreed. My target is 1000 in 2021 and with the addition of the US market that is easily achieved. If SYME were onboarding 50 per month, about a month ago, I expect they are capable of increasing the onboarding process by 50% to 75 per month in 2021.
Each to their own with the figures. Just extrapolation of Zac's. Like I say, Zac is low balling the average contract at £10m average. It is very important to note the minimum of £5m as often as possible as the average can be dragged up significantly but not down.
E.g. If 900 contracts are £10m and an additional 100 average say £50m that means the total average for the 1000 is £14m.
Good Read, cheers for that Gunfish. Next few weeks are going to be very exciting.
With you @AIM on some bigger contracts upping the amounts and reducing the client numbers.
Do think 2000 by 2021 is a bit ambitious though. 600 a year, 50 a month. Thats quite a lot. I could see 1000 by the end of 2021 at most.
Taulia's growth is there for all to see. Demand is huge..
Epic Sim alone are on course for their target this year of 75. They alone plan to get another 250 clients in 2021.
I have been saying this stuff for some time. The information we need is already available.
It's what I keep saying. I believe it is possible in 2021 alone however. Zac's figures are 2000 client companies. Which equates to £10m average contract. I think SYME can achieve this with half the clients, just 1000 at an average of £20m each. Why? Because some contracts will be big. Remember minimum us £5m. USA is in play for 2021 too now.
SYME is currently onboarding 50 a month. That equates to 600 per year. I expect this to be ramped up to around 1000 for 2021 in total.
I'd be interested to know if Zac thinks SYME can go from onboarding 50 per month last reported in his interview with AZ, to say 100 per month.
Remember AZ's words. Looking to establish long term relationship's. So the client turnover rate will hopefully be very low. Meaning nearly all new clients increases the total volume.
Great read . We have only just started. Hold tight and keep the faith. Gla
Gunfish. Quote, from article
Supply@Me could aim for £20bn of inventory monetised, to earn £200m in annual net profits. £20bn is just 0.5% of the estimated size of its market, something with its first mover advantage should not be hard to attain. It would mean a goal of achieving 2,000 client companies – not quite the challenge of Taulia’s 2 million.