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MetaCommerz Inc

Blockchain enabled Audit & Payment Solution

USA, Delaware
Market: Financial services, Blockchain, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 04.03.2023
Min amount of loan
$  500.000
Estimated yield
3 % a year
Show contacts
2
Total required
$ 2.500.000
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Idea

MetaCommerz delivers Blockchain enabled Real-Time End to End Procurement & Logistics Invoice Audit & Payment Solution collaboration, get real-time cashflow visibility & spend management.

Current Status

Product Development in progress will complete by September 2023
We have 30 Customers non-binding confirmation to start
By August 2023 we will have 100 Customers LOI in place

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 13%

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

Revenue Leakage, Errors & Omission in Processing, Invoice Posting, Approval and Payments
$407 Bn TAM,
$24 Bn SAM
$2.4 Bn SOM

Competitors

Competitors
Qvalia, Ivalua, Comarch, ControlPay, Coupa, GEP

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:
Transaction fees – $58M AVG P/A
Fixed Anual Subscription fees - $ 8M P/A
ARR 66 M’USD
MRR 5.5 M’USD

Cost Structure:
Product Development 1.20M’USD –2023-24
Cloud hosting & Infra - 700,000T’USD – 2023-24
Resource & Staffing - 1.36M’USD -2023-24
Marketing & Sales - $430K’USD – 2023-24
Breakeven – 198 Customers $9.6M Rev 2024-25

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 $66M
AVG MRR 2-24-29 $5.5M
CAC - $700 First Year
Burn - $200K 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.

Team or Management

Risks

Resistance to Change
Adoption to digital solution from traditional practice
Budgetary limitations
Resource availability to transform

Incubation/Acceleration programs accomplishment

Founders Institute - Silicon Valley
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.

Invention/Patent

In process of filiing

Photos

Photo 1 - Blockchain enabled Audit & Payment Solution

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video