Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>But now, companies like Bolt and Rally are rising again, building end-to-end platforms for ecommerce merchants to help them solve the NASCARification of checkout.</li><li>The bull case for one-click checkout companies like Bolt and Rally is to become an Okta for ecommerce, enabling the best ecommerce brands to better-convert the 72% of ecommerce purchases that come from non-account guests.</li><li>With the most in-network shoppers and $400M in the bank, Bolt has an early lead and the opportunity to win based on the quality of its product-market fit, with the long journey ahead to 100x its revenue to ~$2.75B/yr to grow into its $11B valuation at the last round of financing.</li></ul>

But now, companies like Bolt and Rally are rising again, building end-to-end platforms for ecommerce merchants to help them solve the NASCARification of checkout.The bull case for one-click checkout companies like Bolt and Rally is to become an Okta for ecommerce, enabling the best ecommerce brands to better-convert the 72% of ecommerce purchases that come from non-account guests.With the most in-network shoppers and $400M in the bank, Bolt has an early lead and the opportunity to win based on the quality of its product-market fit, with the long journey ahead to 100x its revenue to ~$2.75B/yr to grow into its $11B valuation at the last round of financing.

<ul><li>CartHook started off as an abandoned cart app, and only later did we launch the checkout product that grew very quickly, which CartHook ended up being known for.</li><li>Rally is much closer to Shop Pay. We offer the entire checkout experience and, therefore, we can capture shoppers into our network by them going through the guest checkout.</li><li>With Rally, you can have as many checkouts as you want. You can have your hub checkout on your main store, and then you can have as many spokes as you want.</li></ul>

CartHook started off as an abandoned cart app, and only later did we launch the checkout product that grew very quickly, which CartHook ended up being known for.Rally is much closer to Shop Pay. We offer the entire checkout experience and, therefore, we can capture shoppers into our network by them going through the guest checkout.With Rally, you can have as many checkouts as you want. You can have your hub checkout on your main store, and then you can have as many spokes as you want.

Jordan Gal, CEO Of Rally, On Building The Switzerland Of Checkout

<ul><li>We talked to Maju to learn more about the economics of one-click checkout, other opportunities for building unified identity for shoppers, and Bolt&#39;s 5-year vision.</li><li>I don&#39;t see Bolt as a replacement—more as an additional layer.</li><li>Our product continues to make headway with larger enterprises, and our network effects have increased over 100% year-over-year.</li></ul>

We talked to Maju to learn more about the economics of one-click checkout, other opportunities for building unified identity for shoppers, and Bolt&#39;s 5-year vision.I don&#39;t see Bolt as a replacement—more as an additional layer.Our product continues to make headway with larger enterprises, and our network effects have increased over 100% year-over-year.

Maju Kuruvilla, CEO Of Bolt, On The NASCARification Of Checkout

<ul><li>Bolt has been able to generate significant revenue increases over the past year.</li><li>The company has seen a substantial rise in user engagement and platform adoption.</li><li>Bolt's valuation has grown considerably, reflecting investor confidence.</li></ul>

Bolt has been able to generate significant revenue increases over the past year.The company has seen a substantial rise in user engagement and platform adoption.Bolt's valuation has grown considerably, reflecting investor confidence.

Bolt Revenue, Users, Growth, And Valuation

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

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<a href="https://www.smartkarma.com/entities/shufti-pro-limited" target="_blank" data-smartkarma-citation="entities:35957:1" rel="noopener">Shufti Pro (1988739D LN)</a> provides AI-based identification verification solutions offering real-time global identity verification for KYC/AML and KYB compliance.</li>
<li>In 2020, the company grew its revenue by over 100% due to strong adoption skills and flexibility allowing to capture the growth in demand due to the COVID-19 pandemic.</li>
<li>While flexibility helps Shufti Pro stand out from competitors, global expansions, growth in identity fraud and a number of strong partnerships would drive company revenues over the medium-term.</li>
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Shufti Pro (1988739D LN) provides AI-based identification verification solutions offering real-time global identity verification for KYC/AML and KYB compliance.
In 2020, the company grew its revenue by over 100% due to strong adoption skills and flexibility allowing to capture the growth in demand due to the COVID-19 pandemic.
While flexibility helps Shufti Pro stand out from competitors, global expansions, growth in identity fraud and a number of strong partnerships would drive company revenues over the medium-term.


Shufti Pro: Identity Verification Using AI

United States

Forter is based on intelligent technology, years of experience and understanding  of merchants' needs. Their fraud prevention system is designed to be consumercentric, blocking fraud with accuracy and at the same time enabling growth by in creasing approvals and ensuring an excellent customer experience.

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Forter (1397978D LN)

Bolt: The $11B Okta Of Ecommerce

TL;DR: At the peak of the 2020-1 tech hype cycle, one-click checkout companies became the butt of the joke and the prime example of VC...

Sacra

Jordan Gal, CEO Of Rally, On Building The Switzerland Of Checkout

Sacra interview with Jordan Gal, CEO of Rally.

Sacra

Maju Kuruvilla, CEO Of Bolt, On The NASCARification Of Checkout

Sacra interview with Maju Kuruvilla, the CEO of Bolt.

Sacra

Bolt Revenue, Users, Growth, And Valuation

Sacra model for Flexport's revenue, comps, and growth rate.

Sacra

Shufti Pro: Identity Verification Using AI

Shufti Pro provides AI-based identification verification solutions. Flexible and timely solutions have helped Shufti stand out from competitors....

Shifara Samsudeen, FCMA, CGMA

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