We're pleased to announce that in June 2015, 28 months after launching our new service and pivoting away from subscriptions, we're now seeing more than $1 billion handled by the Spreedly platform annually.
For context, in June 2014 we were running at an annualized payment volume of just over $300 million. Since Spreedly is software as a service, we don't directly take a percentage of revenue.
Nevertheless, as a payments company this is a key milestone that reflects the value we provide marketplaces and platforms via a universal credit card tokenization offering that works with a world of financial partners. Thanks to our all of our customers, from the earliest to the most recent, for trusting us with your business and enabling us to hit this milestone. We understand our criticality to your business and hope you draw additional encouragement from our growth. Next stop: $10 billion!
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