Cloudbeds has grown to over 2.5 million beds across 27,000 paying customers as of November 2023, and they are now expanding into fintech. The company's revenue has increased by 75% annually over the past three years (2020-2023), reaching north of $50 million today (Nov 2023).

Cloudbeds aims to achieve $100 million in revenue in the next year (2024).The company's CEO, Adam Harris, discussed their journey from having $10 million in annual recurring revenue (ARR) to $50m+ today. Cloudbeds is focused on simplifying and digitalizing the hotel industry, offering an integrated platform for hotel management and operations, and they are also expanding into enabling direct guest transactions. https://cloudbeds.com/

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Timestamps:
0:00 - Introduction
1:20 - Impact of Recent Market Trends on Cloud Beds
3:30 - Evolution of Cloud Beds since 2018
5:45 - Cloud Beds' Customer Base and Offerings
8:10 - The Role of Engineering at Cloud Beds
10:15 - Expansion of Fintech Services
12:30 - The Fintech Opportunity
14:45 - Revenue Model and Future Growth
17:20 - Targeted Advertising and Booking Engine
20:10 - Potential Expansion into Lending Services
22:30 - Sequencing Challenges in Market Expansion

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By the numbers.
See charts and graphs here: https://getlatka.com/companies/cloudbeds

$10 million of Revenue in 2018.
Over 2.5 million beds.
27,000 paying customers.
75% compound annual growth rate (CAGR) over the last three years.
North of $50 million of Revenue.
$100 million revenue goal for the next year.
757 employees.
$250 million raised in venture capital.
41 countries around the world.
Over 10 billion dollars in Gross Merchandise Volume (GMV) for reservations.
20% of the total GMV related to payment processing.
$100 billion of bookings by booking.com and Airbnb.
400 different partners in the marketplace.
9,000 customers in 2018.
22,000 customers in 2021.

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