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How Fernando Rivero Scored a $250K SaaS Exit with XmartClock

6/18/2024
XmartClock
Fernando Rivero
XmartClock
xmartclock.com
Montevideo, UruguayFounded 2017
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Monthly Revenue
$7,000
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Founders
Fernando Rivero
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Employees
1
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Business Description

XmartClock is a cloud-based time clock system tailored for Latin American companies managing remote teams. Launched in 2017 by veteran engineer Fernando Rivero, it delivers a fully SaaS platform with trial period, organic SEO growth, and zero paid ads, automating attendance and timesheets.
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Executive Summary

Fernando Rivero launched XmartClock in late 2017 to serve Latin American businesses with a fully SaaS, trial-enabled time clock solution. By ditching paid ads and embracing organic SEO—keyword-optimized content and link building—he scaled to $7K MRR. In 2021, he listed on Acquire.com, navigated buyer inquiries, and closed a $250K sale (3× annual revenue) in just two months. Today, he focuses on new ventures Xenio and Callendar while eyeing another acquisition exit.
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Video

How Fernando Rivero Scored a $250K SaaS Exit with XmartClock

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Case Study Content

Introduction

In late 2017, software engineer Fernando Rivero identified a gap in time-tracking tools for Latin American remote teams. While many solutions targeted North America and Europe, few offered a fully SaaS experience with a free trial period tailored to local needs. Over the next three years he built, optimized, and automated XmartClock—without employees, investors, or paid ads—until it generated $7,000 in monthly recurring revenue. In 2021, he sold the business on Acquire.com for $250,000, hitting his goal of a six-figure exit.

XmartClock Infographic

Early Challenges

The first growth experiments leaned on paid ads, but CPMs were high and conversion rates low. After several unprofitable campaigns, Fernando pivoted away from paid channels. He reallocated budget and time to organic SEO—researching local Spanish keywords, writing in-depth blog posts, and securing inbound links from regional HR blogs. Traffic steadily climbed, and trial signups followed.

Growth Through SEO and Automation

Focusing on long-tail terms like “control de horas remoto” and “reloj laboral SaaS,” XmartClock climbed Google rankings. Fernando used on-page optimizations—clean URLs, descriptive meta tags, and clear CTAs—to drive signups. A mix of guest articles and forum participation built backlinks in under-served markets. Meanwhile he built simple workflows to send onboarding emails and handle billing automatically. The result were consistent net-new users each month, and a product that ran with minimal hands-on effort.

Preparing for Exit

By 2021 XmartClock had $7K MRR (≈$84K annual), stable churn, and an automated stack. Fernando listed the business on Acquire.com, expecting little interest. Within days inquiries arrived. He politely declined lowball offers until a serious buyer matched his valuation. In just two months the terms were agreed, payments cleared, and ownership transferred. The deal came in at roughly 3× ARR—a quick, clean exit.

Fernando Rivero Quote

After the Sale

Rather than buying another site, Fernando reinvested his capital into fresh projects. He runs Xenio, a WhatsApp-focused development firm, and recently launched Callendar, an AI-powered booking bot inside WhatsApp. With one exit behind him and another on the horizon, his playbook—identify a niche gap, grow with SEO, automate deeply, and list on Acquire.com—proves repeatable.

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Key Takeaways

  • 1Target an underserved market segment: Fernando focused on Latin America where competition was lower and localized features were needed.
  • 2Pivot quickly from paid advertising to organic SEO, optimizing for local language keywords and building inbound links to scale sustainably.
  • 3Automate onboarding, billing, and customer support workflows early to keep overhead near zero and make the business transfer-ready.
  • 4List on a marketplace like Acquire.com when you hit stable recurring revenue; serious buyers often appear within days.
  • 5Aim for a sale multiple around 2–4× annual recurring revenue by maintaining consistent growth, low churn, and clear financial records.
  • 6Reinvest proceeds into new, heart-led projects rather than buying existing businesses, leveraging the founder’s strengths in product creation.
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Key Facts

Monthly Recurring Revenue
$7,000
Sale Price
$250,000
Revenue Multiple
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Tools & Technologies Used

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