I think by June next year they should be on track for $50m revenue as a base.
They will also be profitable post ARMA acquisition.
$50m made up of:
If Credit clear maintains its growth trajectory of 70% growth
Credit clear $18.7m (new client wins - organic)
ARMA $22m (stated yesterday they were on track for that on the presentation )
Techhub deal $10m (assuming deployment over entire $1b book of debt)
No doubt the ARMA merger is a great fit - 65% of current clients transitionable already to credit clear platform
You then have further upside from the UK and US.
Should be a pretty exciting 12 months coming up.
As Andrew Smith said yesterday, it's great to get in at the start of the journey.
I think by June next year they should be on track for $50m...
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