Boulder, CO, September 24, 2015 --(PR.com
)-- Today, Floify disclosed their company revenue data. The two year old mortgage software company released revenue data from a five month period between March and August of 2015.
Floify’s monthly recurring subscription revenue is up from $2,937 a month in March to $7,649 in August. Annual recurring revenue for the company increased from $35,244 in March to $91,788 in August. In March, customer loss rate measured at 2.1% and decreased to 0.7% in August.
For software-as-a-service (SaaS) companies such as Floify, monthly and annual recurring revenue, customer loss rate, and month-over-month growth are the most common metrics used to assess financial health and overall growth.
“We’ve been getting such great feedback from the mortgage originators using our portal,” said Dave Sims, Founder and CEO of Floify.
“Floify has really improved the level of communication between borrowers and originators,” Sims continued. “I had one top producer tell me that he has seen significant real estate agent retention since instituting Floify updates.”
The company stated that the release of their revenue is intended to be a data point for early stage B2B SaaS startups to use in analyzing their own health and growth.
Floify (floify.com) is a borrower portal that securely collects mortgage loan documents and allows borrowers to check their loan status. It helps loan originators with the process of requesting and gathering loan documents, issuing requests for additional documents, and sending out status updates to everyone who needs them.