We are currently at final product testing phase ready to launch beta November 2023 to our first 39 customers who have agreed to start.
Market
Global Enterprise, Mid-Market & SME Companies who procure raw materials & finished goods, receive invoices to process audit/match with procurement contract, purchase orders, logistics contract, regulatory guidelines, accounting regulations and process payments.
Target Customers are those companies:- Experiencing revenue leakage, Errors & Omission Manual Invoice Audit & Payments Operating with fragmented, Disconnected systems or no systems
The total Procurement & Logistics Market is a $100 Trillion Plus Market The technology solution in this space & companies are growing at CAGR 9.3%
There are less than 7 companies in this space offering some level of digitalization, we have a unique offering by delivering a blockchain enabled real-time solution
Problem or Opportunity
6% Revenue Leakage, 3% Errors & Omission in Processing, Invoice Posting, Approval and Payments and Poor Cashflow & Spend Management Visibility
We differentiate with Blockchain enabled Smart Contract Management & Secure B2B Payments
AI with Complex Event Processing Technology to manage live-stream process in real-time
Architected on a Multi-Echelon Architecture, to be deployed as a Digital Twin as a System of Engagement
Advantages or differentiators
We differentiate with a Blockchain (Ethereum & Hyper ledger adapter framework) enabled Smart Contract Management & Secure B2B Payments
AI with Complex Event Processing Technology to manage live-stream process in real-time
Architected on a Multi-Echelon Architecture, to be deployed as a Digital Twin as a System of Engagement
Finance
Revenue Stream:
ARR 1.6M USD MRR 134,000 USD
Cost Structure: Capex $20,000 Product Dev & Testing $70,000 COGS $534,000 Martech & Campaign $30,000 M&S Team cost $146,000 Total $800,000
Loan terms
36 months
Interest rate, %
2.5
Business model
Channels: Digital - Programmatic, SEO, Content, Direct Sales (SDR, Tele-Sales & Pre-Sales) Channel Partners & Technology Partners
Metrics: Customer Acquisition - 380 New Acquisitions Per Anum, 4300 Customers in 5 years Customer Churn <5% AVG ARR 2024-29 $1.6M USD AVG MRR 2-24-29 $2.34M USD CAC - $3500 First Year Burn - $53K p/m
Solution (product or service)
Our Blockchain & AI technology:
Ready integration adapters for Swift Onboarding of Customers,
Live Stream Invoices, contracts & purchase orders in Data in any file format, from multiple Disparate Operating Systems
Process Audit / Match of Procurement & Logistics Invoices in real-time and B2B Payments.
Smart Contract Management with blockchain adapter framework supporting Ethereum & Hyper Ledger fabric via adapters.
We will process in real-time v/s current market at 8+ weeks to process.
Resistance to Change
Adoption to digital solution from traditional practice
Budgetary limitations
Resource availability to transform
Incubation/Acceleration programs accomplishment
We graduated ranked number one Founders Institute - Silicon Valley, United States 2023 winter cohort June 2023 We are one of the top 8 startups on Tampa Bay Innovation Center, Tampa, Florida, United States We have be approved by Microsoft for Startups with several credits in technology products and mentorship in place.
Won the competition and other awards
We have be approved by Microsoft for Startups with several credits in technology products and mentorship in place.