Photo - CreditBPO Tech Inc.
53897

CreditBPO Tech Inc.

SMB Financial Condition Analysis Software

Philippines
Market: Information and media, Financial services
Stage of the project: Operating business

Date of last change: 07.09.2021
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Idea

CreditBPO Tech Inc., an AaaS (Analytics as a Service) provider for the Banking, Financial Institution and Government Sectors in the Philippines, has now developed a financial condition rating report, to help SMBs avoid being rejected for working capital loans and credit terms, by giving them on-demand, low-cost access to actionable insights on their business’s financial health, generated by our proprietary risk assessment, rating, and industry benchmarking software.

Current Status

2021 - full year revenue est. US$100K
2022 - contracted revenue US$600K (but will increase)
2023 - estimated revenue (minimum) US$1.2M
Note: the above is just from Enterprise Sales to Philippine customers

The company is in the process of incorporating a US Inc and completing a Go-To-Market study to enter the US Market with an SMB solution.

Milestones:
Proved Product-Market Fit
Sales Pipeline: $5M

Partnerships/ Channels:
Visa Fintech Partner (APAC)
Dun & Bradstreet Philippines use CreditBPO Rating Report
In negotiation with a “Big Four” Accounting firm in the Philippines to distribute our SMB Financial Condition Rating Report to their SME Clients
CRIF Reseller Agreement
Credit Management Association of Philippines

Awards:
Winner – “Green and Inclusive Finance Solutions” category in the first “Europa Awards” 2021

Market

B2B, SMB, USA, all sectors.

Problem or Opportunity

US$3.4 trillion global funding gap

30M SMBs in the USA…52% did not receive enough financing to grow sustainably

450M total SMBs globally or which 120M formal SMBs…create 85% of all jobs

Solution (product or service)

Our Analysis as a Service (AaaS) Enterprise Software has already established a strong customer following in the Philippine Market.

The new product, a U.S. copyright-registered Financial Condition Rating Report, is affordable, easy to use, independent, objective, and consistent.

Competitors

No direct competitors as all existing solution providers offer either bundled services that are too expensive for an SMB (e.g. SAP), or require the user to be able to work with the software to create user-specific reports, and require them to purchase their own data-feeds (e.g. Alteryx & Sisense).

Advantages or differentiators

Cheaper, faster, easier to use, and providing more and better actional insights than any solution currently on the market.

SMBs don't understand what they are doing wrong when they apply for a working capital loan or supplier credit.

By using our financial health rating report, they can focus on improving the KPIs that lenders and creditors focus on, and compare to their peers.

Finance

Subscriptions
Referral fees
Pay-per-use
Licensing fees
Bundling fees
API access

Business model

Go Deep then Radiate: Identify the Top 10 SMB verticals with the greatest financial need.

Go through these verticals’ buying associations/ Industry groups to offer our product.

Buying Associations & Industry Groups - [Network effects]
Partnerships - [Other report providers]
Licensing - [Accounting software providers]
Distribution - [Software Resellers]

Money will be spent on

18% G&A
17% Product Development & R&D
65% Sales & Marketing

Offer for investor

We would consider investing via a SAFE or via a convertible note.

Team or Management

Risks

Larger companies wanting to include a similar offering in their suite of services.

However, we have experience in the Philippines whereby Dun & Bradstreet Philippines use CreditBPOs Rating Report in the report they issue their customers, and we are in negotiation with a “Big Four” Accounting firm in the Philippines to distribute our SMB Financial Condition Rating Report to their SME clients.

Incubation/Acceleration programs accomplishment

Bootstrapped the entire development and operation so far.

Won the competition and other awards

Awards – Winner – “Green and Inclusive Finance Solutions” category in the first “Europa Awards” 2021

Invention/Patent

Financial Condition Analysis Report

Photos

Photo 1 - SMB Financial Condition Analysis Software

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video