Investor relations

Investor updates

Quarterly CEO letters: revenue, margin, runway and roadmap commentary. Written within fifteen days of quarter close, published on the public record.

Latest letter

2026-Q2·2026-07-15·6 min read

ARR 41.8M · NRR 138% · Active mode reaches 19% of GMV

Active mode crossed USD 312M in payouts run-rate and contributed 27% of net new ARR. Pacing v3 cut MAPE to 1.9%, the lowest we have ever recorded.

Archive

Eight quarters on the record

2026-Q1·2026-04-15·7 min

ARR 36.2M · Eight enterprise logos · SOC 2 Type II clean

Two seven-figure expansions in EMEA. Average implementation time dropped from 19 to 11 days. Treasury yield contributed 320 bps to gross margin.

2025-Q4·2026-01-20·8 min

ARR 28.4M · Closed FY25 with 187% YoY growth

We exited 2025 with 96.4M cash and 61 months of runway. Active mode shipped to general availability; first 1M payouts processed without a single reconciliation break.

2025-Q3·2025-10-15·7 min

ARR 21.1M · Hong Kong banking partnership live

Segregated client-funds account opened with HSBC HK, enabling Active mode for APAC customers. Marketplace launched with 15 vetted integrations.

2025-Q2·2025-07-15·6 min

ARR 14.8M · 2026 Finance Benchmark published

The benchmark dataset reached 184 customers and became the de facto reference for paid-media finance teams. Inbound demand from CFOs grew 4×.

2025-Q1·2025-04-15·6 min

ARR 9.6M · First Customer Advisory Board session

Twelve operators set the H2 roadmap by Borda vote. Reconciliation v2 shipped with 99.998% line-match accuracy.

2024-Q4·2025-01-20·5 min

ARR 6.4M · Series A closed

Raised USD 32M led by Index Ventures. Built the Treasury team and signed our first banking mandates.

2024-Q3·2024-10-15·5 min

ARR 3.8M · Monitoring mode wins three holdcos

Two holdcos and one global brand standardised on ADmetric AI for paid-media finance reporting. Variance waterfall v1 shipped.

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