Gaps to fill, page-18

I wouldn't get too excited, the user increase was attributed to a one off marketing campaign and is likely to slow down when the campaign has finished until they onboard some more RSPs.

If an RSP then brings their existing user base along upon signup that's good, if they just apply for new customers then the growth is slower.

Still a good company either way, if they can become profitable and focus long term competing with Veeam it could be a great company.

The risks with this is it doesn't really have a moat, it's low cost to start but they don't have the scale yet, or any of their own infrastructure which would make it costly for a competitor to break into the market.

They have a good proven CEO though, who knows how to monetise and market.