Section 4 of 11 — Value Proposition & Unit Economics
Unit economics that improve with standardisation — not services headcount
Celium productises verification and settlement into repeatable decision objects — so marginal cost falls as volume scales. Customer ROI is 2–11× at base tier. Platform subscription (Line B) is the dominant recurring revenue line; usage take-rate (Line A) provides compounding upside as ETP volume grows.
Configure to segment
ROI multiple
Annual benefit ($k)
Total ACV ($k)
ACV = Line A (0.50% × ETP) + Line B (platform sub) + Line C (per active integration) + Line D (if attached) + Line E (impl. amortised 3yr). Benefit = cycle-time savings + dispute/leakage reduction + audit/compliance savings + throughput gains.

Base-tier ROI is credibly 2–11× across all four verticals. The full ACV includes all applicable Celium lines and is still well below the operational savings generated. 10× becomes realistic via higher automation or finance/insurance attachment.

$192M
Total ARR at 2035
120%
Net revenue retention
80–90%
Gross margin (at scale)
LineType2027203020352035 mix
A — Usage take-rateVariable (0.50% ETP)$60k$2.1M$61.5M32%
B — Platform subscriptionRecurring (dominant)$60k$1.7M$89.5M47%
C — Integration maintenanceRecurring$15k$0.6M$25.2M13%
D — Insights / dataAdd-on (55% attach 2035)$9k$0.2M$15.6M8%
E — ImplementationOne-off (not in ARR)$50k$0.1M$0.9M
Revenue mix — Line B (platform subscription) is dominant and its share grows

Line B dominates at every stage. Usage take-rate (Line A) provides compounding upside as ETP volume grows per account. Line D attach rate rising from 10% to 55% adds a third expansion vector without re-selling.

18×
LTV:CAC at maturity
$45k
Blended CAC (partner)
$820k
LTV at 120% NRR, 10yr
ChannelCACACV / logoLTV (10yr)LTV:CAC
Founder-led (Y1)~$80k$48k$390k~5×
AE direct (Y2+)~$65k$96k$780k~12×
Partner channel (Y3+)~$45k$120k$975k~18×
PLG self-serve (Y5+)~$8k$36k$290k~36×
11 mo
Payback (partner)
16 mo
Payback (founder-led)
$250k+
ARR / FTE target (Y3)

120% NRR means existing accounts compound without new logo acquisition. Lines A–D all expand independently as ETP volume grows, automation attaches, and integrations multiply.

CM2 fintech-style stack — how gross flow becomes contribution margin

The margin improvement is structural, not pricing-driven. As automation share rises and implementation shrinks as a revenue proportion, gross margin expands without any change to what customers pay.

Ten mechanisms that improve unit economics as volume grows

The key operational metric is review minutes per claim. As that falls — through automation, better templates, and trained partners — margin improves at every tier without any pricing change.