The model is working

January 17, 2023

With the imminent close of [ ] this week which was underwritten by [ ], we have our first ever deal that’s closing with an underwriter who's signed on to our new master services agreement with the latest fee schedule, as we mapped it out in the all-hands last week. This one could not have gone any better - the [ ] team was eager to get going, [ ] is a well funded venture backed company, and the webinar roadshow we did to market the deal was extremely well attended. Altogether, that made for a great investment experience for our investors that led to over 1.4x oversubscription rate on this deal and a great sign of what’s to come. To hear it from the CEO of [ ] directly, "Officially oversubscribed! I gotta say, this process has been great, underwriter interface is clean and very straight forward, and looking forward to [ ] up next!” The [ ] team has already paid their deposit on their next deal and have line of sight into several more in the pipeline they want to bring to market.

With this deal done, the Client Solutions team is getting to work, showing off [ ] as a case study for all future underwriters to look at and understand what to expect. We are already feeling the effects as more contracts are being signed and deposits are being collected. In parallel, we're also meeting with [ ] again this week off the heels of the press release to discuss their pipeline and what they'd like to bring to market. Momentum is in our favor and as of right now, we're on track to meet our January objectives and it's boding well for a successful Q1.

The model is working, the first few weeks are proof of that. Let's continue to execute and focus on hitting our numbers so we can start the year off strong 💪