Rezolve's Business Expansion and Financial Performance
Review of Forward KPIs
Forecasts 17 million users from eight distributors and 1 million merchants, with ~138,000 merchants as of the end of October 2021
Number of Users
% Penetration
(in thousands)
12,090
17,371
8,044
5,157
3,316
1,629
2,205
499
702
887
1,212
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Number of Merchants
Potential Users(1)
93%
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
(in thousands)
674
541
399
451
372
358
316
271
276
138
158
182
113
Q1 2021
Q2 2021 Q3 2021
1,067
968
829
Q4 2021 Q1 2022 Q2 2022
Q3 2022
Q4 2022 Q1 2023 Q2 2023
Q3 2023
Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Potential
Merchants(2)
94%
Note: Financials based on management plan, per U.S. GAAP.
1. Potential Users include company estimates for 2024E users in India of 100mm, LatAm of 20mm, and other regions of 143mm.
2. Potential Merchants include company estimates for 2024E merchant populations in China of 14mm, UK of 210k, Germany of 450k, and Other regions of 3mm.
21
2024E
% Penetration
2024E
Penetrated
7%
Penetrated
6%
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