Abel Zhao
- Co-Founder at FreeD Group
GetLatka interview
How FreeD Group Hit $35M Revenue and 80 Customers in 2022 (Interview with Co-Founder Abel Zhao)
Abel Zhao (Co-Founder of FreeD Group) spoke to Nathan Latka on January 5, 2023.
FreeD Group figures from the interview
- Total Revenue (2022)
- $35M
- Recurring Revenue (2022)
- $15M
- Customers (2023)
- 80
- Team Size (2023)
- 250
- Year Founded
- 2016
“Sure. So basically, are a typical SaaS company, but actually we're using a little bit different approach in comparison to a typical SaaS company actually available on the market.”
“Oh, I have both, actually. So from the those big player side, we basically charge a SaaS fee. And then from distributor side, the product owner side, basically, we we earn the commission.”
“We're talking about it could be between $100 to $1,000 that kind of range. And then there's a big guys out there. So the governments or telcos or airports and stuff like that, that could actually go from $100,000 to all the way to $7,000,000 per project. That's basically the largest one we have, which is a smart city project now in Korea.”