Duminex.com

We connect companies with the top 5% of freelance finance experts.

MVP working on traction.

Our customers are Startups, SMEs and Self Employed businesses where they do not require a full time accountant and therefore outsource the same.
There are Tens of Millions of such customer group globally like:
USA: 27 Million
UK: 6 Million
Australia: 2 Million
Xero & Quickbooks only have around 4 Million cloud users which is growing around 10%+ a year which are SMEs and our target clients.

There is no platform where you can find top accounting talents with low cost.

Problem With Existing Solutions ( Online )
- Marketplaces such as freelance.com, fiverr.com, elance.com etc.. :
A: Are not specialized in the accounting area
B: Allow any individual to become an accountant
Toptal.com also has two issues:
A: Finance is number 4 on their list of services which shows lack of focus
B: They serve CFO level services which is very costly & unfit for SMEs

Problem With Existing Solutions ( Offline )
- Thousands of accounting firms out there also have four major issues:
A: Customers must search them offline & call to inquire & close
B: No transparency due to lack of progress & management dashboard
C: Hiring incapable accountants due to lack of a hiring process in place
D: Higher costs to end customer as compared to an online marketplace since
they have to pay rent, salaries etc...

Build a specialized platform and bring only the best of accountants on board.

Solution Structure ( Customers )
- Put in place a rigorous hiring process for hiring only top accountants
- Long term and short term hiring
- Guaranteed short deadlines and on time deliveries
- Guaranteed hiring in 24 hrs
- Escrow accounts to ensure safe payments
- Provide local and on site accountants
- Guaranteed 100% compliance, we will ensure all financial numbers by all
accountants are provided to all customers with TAT of 7 days for monthly
reports, 15 days for Quarterly & 30 days for Annual reports

Solution Structure ( Accountants )
- Manage supply & demand so every accountant gets guaranteed monthly
business and income
- We will add a margin to any bid/quoted price and display to end customer so
accountants won't feel pain of paying any commission to us
- Partial payments to accountants in case of half way job cancellations
- Build reputation by customer rating and reviews

paro.io
scalablecfo.com

1: We are specialized in the accounting vertical.
2: We will only let in top accountants by putting in place a rigorous hiring process.
3: Guaranteed result: which is our measure of success.

5th year projections:

250,000 paying clients
600M$ GMV
100M$ Net Revenues ( 17% margin )

We are a 2 sided marketplace platform where we make commissions out of overall volume generated.

We will need to invest in product and promotion.
By which we would need a senior product designer, android developer, IOS developer, tester and a backend developer.
In marketing we would need to hire content marketing, seo, and general marketer for social, email, etc.
And a budget for monthly spending on Ads.
We would like need 2-3 BDs.

10% of the company

- If accounting becomes fully automated and there will no longer be needs in accountants or finance experts.

- Habit change of customers from hiring accounting firms to freelance accountants.

We were selected as part of the community of Sheraa startups based out of Sharjah from government.