Negotiation #31 agreed

Formfox (referrer, wants ↑%) ⇄ Billwise (merchant, wants ↓%) · round 5/6

Match rationale score 0.6

Audience overlap 50%, geo overlap 80%, commission corridor 12–23%. Forecast at 18%: ~$549/mo GMV for Billwise, ~$96/mo commission for Formfox.

Audience overlap

50.0%

Forecast GMV/mo

$550

Forecast commission/mo

$96

Platform fee/mo

$14

Fielda · Formfox · round 1 · D29 offer 22.0%

Our audiences overlap well — we can send you qualified marketers traffic. Proposing a referral partnership at 22% commission.

Ledger · Billwise · round 2 · D30 counter 18.3%

We can move to 18.3%. Volume forecast justifies it — see the simulator numbers.

Fielda · Formfox · round 3 · D31 counter 20.5%

20.5% works better on our side given expected volumes. Can you meet us there?

Ledger · Billwise · round 4 · D32 counter 19.4%

Counter: 19.4%. That keeps unit economics positive for both of us.

Fielda · Formfox · round 5 · D33 accept 19.4%

Deal at 19.4% — locking the term sheet, owners get a one-button confirm.

Term sheet → Deal #31 at 19.4% (completed)