Enty is a single Control Panel, where the client can orchestrate all back-office processes simultaneously.
Enty covers end-to-end cross-functional processes and creates an industry standard for back-office operations.
We achieve this through a blend of our automated solutions and integration with third-party solutions.
Current Status
Our product is live: in the current state our control panel gives the ability to incorporate a company in Europe, automate accounting and choose a suitable banking solution. Сlients believe in us and in our long-term vision. In 8 months, we managed to onboard more than 110 clients and to receive >65 000 EUR in revenue. Actual numbers are available upon the link https://app.klipfolio.com/published/8c966fece7daa22f861f3607ae420102/enty-performance
Market
European SME. Currently, we target Estonian companies, in a few months we will be adding companies from Netherlands and Italy
Problem or Opportunity
We estimate that micro-and small enterprises in Europe spend 10B EUR annually on back-office operations, while the cost of lost energy and time is immeasurable. At the same time, there is no single solution for all back-office operations, therefore entrepreneurs have to spend even more money and energy without any hope for comprehensive automation and transparency of the whole picture.
Solution (product or service)
Enty is a single Control Panel, where the client can orchestrate all back-office processes simultaneously.
Enty covers end-to-end cross-functional processes and creates an industry standard for back-office operations.
We achieve this through a blend of our automated solutions and integration with third-party solutions.
Competitors
Holded, Monite, PaidThat, 1Office
Advantages or differentiators
Several startups are also trying to build ERP for SMEs. But they focus only on financials, while we understand that back-office processes are not only about accounting and money: it’s about people (HR), obligations (legal), and shareholders (equity management). Along with that, they are trying to build their own solutions for every task, while we integrate the best solutions that are available on the market. It means that we can focus on the connection between the features, which is vital for comprehensive automation.
Finance
Two revenue streams: one-off fees for incorporation and recurrent fees for the subscription to the control panel . Main costs are marketing and wages
Business model
The main channel now is a paid search. Also, we use social media and our blog as sources of new clients. Actual numbers are available upon the link https://app.klipfolio.com/published/8c966fece7daa22f861f3607ae420102/enty-performance
Money will be spent on
Launch banking services under partners’ license, hiring, additional marketing
Offer for investor
We are seeking to raise 400.000 EUR to support our growth. Our target pre-money valuation for the current investment round is 3.000.000 EUR