SUCCESS STORY
11% ARR growth month on month with Jiminny
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Connectd are one of the most excited startups in the Fintech space, empowering founders, advisors and investors to make and manage meaningful connections.
Their aim is to revolutionize the early-stage ecosystem, democratizing access to funding and talent. At Connectd they pride themselves on building technologies that foster connections to allow startups to grow and people to succeed.
Before scenario
- Average rep performance was under £10,000 before Jiminny.
- Needed to see around 11% growth month on month to hit key revenue targets in a year's time.
- If they don't hit these revenue targets, they may struggle to secure key funding they need to grow to the next stage of their company lifecycle
Since implementation of Jiminny
- Since implementing Jiminny in August 2022, they have seen each sales rep achieve an average of 50% more revenue than they experienced before Jiminny
- Total revenue generated since implementation of Jiminny is over 100% and met the 11% Month on Month requirement
- They have seen their onboarding ramp time reduced from 2 months to under 1 month meaning reps are contributing revenue 50% quicker than expected which was key to hitting their aggressive revenue targets.
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“It would have been infinitely more difficult to hit our revenue targets without Jiminny”
How did they do it?
- Peer to peer learning, targeted data driven coaching as their leadership team is quite tight on available time
- Improved their onboarding process by curating best practice onboarding playlists
- Implemented a culture of self improvement where those who enjoy using Jiminny the most see higher revenue creation than those that don’t
Broader business impact
- Jiminny was instrumental in Connectd securing funding as they significantly increased their month on month revenue attainment - enabling them to demonstrate a clear route to profitability
- Revenue increased by over 100% within 12 months
- Sentiment amongst the sales team improved from the implementation of Jiminny