Flatfee assists small to mid-size businesses to expand globally with an AI-driven one-stop compliance solution that includes end-to-end legal, accounting, hr, tax and other compliance services.
Current Status
- Fast-paced growth in revenue, active professionals and solutions coverage, $350k revenue in 2022; $2.5M in 2023；Break-even first time Sept 2023; 2024Q1 with a gross margin of 45%. Rev in 24Q1 increased by 129% YoY
- Completed 15000+ orders, covering over 200+ services in more than 10 countries
Problem or Opportunity
Small to mid-sized companies are operating globally at a historically unprecedented rate, fueled by technology. Traditional providers are not catching up to provide the compliance support urgently needed by the sellers and employers. There is a lack of understanding of foreign compliance requirements, professional services can be costly and there is no control on quality when dealing with foreign professionals and there is no control on quality when dealing with foreign professionals.
Solution (product or service)
Flatfee tells clients what they need in order to expand globally, provides clients with a clear budget and process and ensures quality control via RPA/AI agent. Flatfee has a vetted global freelancer network enhanced by AI processing and assistance to offer 1/10 cost compared to traditional service providers.
Business model
Corporate clients such as e-commerce sellers, trading companies and Saas or tech start-ups order services through the Flatfee service platform. Using AI technology our vendor platform (Gloco) is used to match vetted vendors (e.g. solo professionals, professional freelancers, digital nomads) and to assign jobs. AI tools are used to assist with task delivery and Q&A both on the vendor and client side providing a faster, compliant and affordable solution.
