September 2022 Update

Introduction

During the month of September, we began work on expanding our partner offering towards direct agency relationships and will be launching Krepling's agency partner program during Q4. This will enable Krepling to have a direct relationship with e-commerce and marketing agencies across the US and Europe, competing directly with the offerings of other headless and developer-focused platforms. We have always seen a large cohort of referrals coming directly from agency partners (i.e those agencies choosing to build their merchant accounts directly on Krepling), which is something we have always planned to further incentivize and encourage. We are also making relevant strides toward our Core product release in the coming weeks, which will provide all the basic infrastructure for Krepling's pilot product. We are also in the final stages of bringing Krepling Pay out of private beta, we have introduced new acquiring partnerships with TSYS, and have made a final release for testing. We anticipate Q4 to be highly development orientated with strong revenue growth going into BFCM.

Revenue 🚀

Krepling is now at $22.1k in MRR, growing roughly 7-13% MoM.

Burn 🔥

Krepling spent $32,105 during the month of September. As expected, burn dropped during the month of September, however, we anticipate spending more in November to keep up with increased product and growth metrics.

Runway 🛫

We estimate we have 7-10 months of runway given the current cash on hand.

Team Size 👥

Krepling currently has 9 team members (including both co-founders).

Click here to explore openings at Krepling

We are currently hiring for the following roles:

• VP of Engineering (Remote)

• Senior Full Stack Engineer (Krepling Pay, Remote)

• Content Lead (Remote)

• VP of Partnerships (Remote)

We are hiring in almost every sector! Feel free to reach out with resumes you feel we should be taking a look at.

Product Update ⚙️

The current development status of V0.1.0 of the product (titled 'Core Release') is at 70%

Sprint 14: From 01/09 to 14/09

• GOALS:

• 1. Catalogue: Focus on building product/variant highlights per catalogue, building out attribute inheritance in drag&drop the product type builder, Added a limitation for the number of variants, Worked on relevant Ad-hoc attributes

• 2. Storefront: Built out the central database for stock product images, Introduced various language translations to the storefront which will allow customers to translate entire stores within a simple click, added more currencies, built out relevant shipping configurations, added units and other shipping functionalities.

• 3. Marketing: Created user account details - Basic info. This will act as the groundwork for the marketing automation functions being worked on in future sprints.

Sprint 15: From 15/09 to 28/09

• GOALS:

• 1. Building out catalogue stabilization

• 2. Storefront edits (Show unit on Storefront)

• 3. Building out Marketing Tab (Custom fields)

• 4. R&D about Log buyer activities

Asks and Discussions 🗣

There are no asks or discussions this month.

Reach out 👋

My email: [email protected]

Click here to book a meeting with me directly.

Best, Liam