7 years of trying and failing with SaaS: The road to 2,964% growth with Alexis Prenn, Receipt Bank

According to Alexis Prenn, CEO and co-founder of Receipt Bank,
SaaS is a bit like playing a video game — every 9 months or so
you move to the next level. Each level is as difficult as the one
before.


Alexis began playing the Receipt Bank game nearly 8 years ago.
For the first three years, they went the bootstrapping way, not
so much out of strong conviction to do so but because they were
too hard on themselves. They feared rejection more than anything
else.


The two co-founders believed that they had to make themselves a
little more beautiful and their metrics a little better before
they asked anyone for a penny. Eventually, both realised that
this mentality was missing the point of what it means to be a
growing SaaS company.


On February 10th, 2011 they decided to be serious and not make
any more excuses. And pursue a realistic growth rate. Three
percent at a time, Receipt Bank has reached 2,964% growth. It’s
on a path to reaching $25 million ARR and has banked $65 million
in funding.


Listen on to learn:


How and when Receipt Bank became a serious company

Why growth and retention are the only things that matter?

Why you should avoid averages with metrics like the plague

How to keep the growth mindset as the company scales

How to choose acquisition channels



Bringing wisdom from founders, operators and investors to your
doorstep is why we are taking SaaStock on Tour. Our next stop is
Paris on May 3rd. We have limited tickets left so grab one and
learn from Rachel Delacour, Philippe Botteri and Jean-Charles
Samuelian https://www.saastock.com/ontour/city/paris


 


 


 


Check out the other ways SaaStock is helping SaaS founders move
their business forward: 


SaaStock Europe: 14-15 October 2025 | Dublin, Ireland
Book you tickets: https://saastock-europe.com/tickets/


SaaStock USA 2025: April 2026 | Austin, Texas
Join the waitlist: https://saastock-usa.com/


SaaStock Founder Membership: A private members group of B2B SaaS
founders between $100K - $10M ARR who are committed to growth and
helping others (https://www.saastock.com/founder-membership/)


SaaStock Local: Monthly meet-ups in cities all around the world,
bringing together SaaS enthusiasts and experts to discuss the
most pressing topics in SaaS (https://local.saastock.com/home)