RE:CEO interview Jan 21/2021 He clarified something in Monday's NR that was not clear. It's not a fee earned from clients. It's interest income earned from the bank where Peak aggregates the inflow and outflow of funds from its many clients. There is a time delay (say 2 days) between transactions which creates a balance in the account and Peak will earn daily interest on that balance. CEO said that eventually the balance will be in the billions and earn 2.5% => $25 million/yr for each billion.
"We'll also be earning a fee amounting to an annual rate of 1.5% to 3.0%, calculated and paid daily, on the aggregate value of the funds held in our clients' virtual bank accounts."