How Do We Earn

There are several possible channels of gain with the proposed business model (including paid ads), however, we highlight the two most obvious ways:



We have monitored several companies working as Registration Agents but providing a less professional level of services: among them such companies as Baltic LEI AS, LEI Register OÜ, LEI Service ApS, etc. We are continuously reviewing their statements and open corporate data. All mentioned companies have proved annual turnover in the 5th year corresponding to 6-7M euros.

  1. Thus, we assume we can decrease their achievements by at least 25-30% to present a minimal level of annual turnover in the 5th year of operation.
  2. We prepared a forecast based on the calculation of NPV for the 5 following years, using the worst case scenario of our development. The result is almost the same = 5M euros turnover, 2M euros assets.

Market Potential

TAM €4.8b
SAM €150m
SOM €25m

The average active LEI share is less than 10%. That means we have 90% of the market available worldwide.
The numbers of active LEIs currently available according to GLEIF LEI Statistics:

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