Revenue Memo

Revenue Memo is a newsletter that unpacks how great companies make money. Trusted by 30,000+ curious minds at Microsoft, Google, a16z, and more.

How Klarna makes money: Reinventing itself beyond BNPL

A BNPL pioneer quietly transforming into a global fintech platform powering over $100 billion in payments.

A secondhand fashion marketplace is quietly turning buyer fees into one of Europe’s most profitable ecommerce models.

A chat app that scaled to 200 million users and nearly $900 million in revenue without traditional ads or data harvesting.

The world’s most popular messaging app barely makes money, yet it's quietly becoming one of Meta’s most strategic bets.