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Thinkific Payments Hits $100 Million Processed-to-date Milestone
Thinkific Payments Hits $100 Million Processed-to-date Milestone Canada NewsWire ...
About this update from Thinkific Labs, Inc.
[{"type":"text","content":"\n \n \n \n Thinkific Payments Hits $100 Million Processed-to-date Milestone\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n *All currency figures in this release are in U.S. dollars\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 4, 2023\n \n \n /CNW/ - Thinkific Labs Inc. (\"Thinkific\" or the \"Company\") (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, today announced a significant milestone relating to its Thinkific Payments platform. Thinkific Payments is a payment processor that includes everything a Creator needs to transact and administer their banking and business information with features that go further to maximize sale conversions.\n \n \n \n \n \n \n \n \n \n Approximately 80% of new Creators to Thinkific in\n \n the United States\n \n , the\n \n United Kingdom\n \n and\n \n Canada\n \n start with Thinkific Payments and this percentage is expected to increase as Thinkific rolls out additional features and local payment methods in more countries. Globally, that number is approximately 60%.\n \n \n Since its release in\n \n November 2021\n \n , Thinkific Payments has seen strong and consistently growing adoption, with more than 26% of all transactions made across the entire platform now running through the Company's payment processor.\n \n \n It recently reached the major milestone of surpassing\n \n $100M\n \n in payments volume processed-to-date, with over\n \n $29 million\n \n in Gross Product Value (GPV) processed in the last quarter alone (Q1, 2023) making the platform one of the fastest-growing embedded payment products on the internet.\n \n \n Working with market-leading strategic partners, Thinkific has been able to fast-track the development of products and features that automate accounting, subscriptions, and payments administration, helping its Creators to increase sales and scale their online businesses.\n \n \n \"The rate of growth we've seen with Thinkific Payments has exceeded even our expectations, and this is quickly growing into a significant, prof...