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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: 07.10.2023
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Idea

MetaCommerz delivers Blockchain enabled Real-Time Blockchain enabled Supply Chain Contract Management, Audit & Payment Solution, collaboration, we deliver real-time cashflow visibility & spend management.

Current Status

We are currently at final product testing phase ready to launch beta November 2023 to our first 39 customers who have agreed to start.

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 9.3%

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

6% Revenue Leakage, 3% Errors & Omission in Processing, Invoice Posting, Approval and Payments and Poor Cashflow & Spend Management Visibility

$30 Trillion TAM,
$4.1 Trillion SAM
$823 Bn SOM

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.

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:

ARR 1.6M USD
MRR 134,000 USD

Cost Structure:
Capex $20,000
Product Dev & Testing $70,000
COGS $534,000
Martech & Campaign $30,000
M&S Team cost $146,000
Total $800,000

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 $1.6M USD
AVG MRR 2-24-29 $2.34M USD
CAC - $3500 First Year
Burn - $53K p/m

Money will be spent on

32% on product development & R&D
43% on preparing legal & compliance requirement, Sales & Marketing Tech Stack, Resources and Go2Market
14% on General Other Costs

Offer for investor

10% Equity, 3 year vesting period,
Net Profits over 5 years CAGR 42%
Returns in year 2, 2026

Team or Management

Mentors & Advisors

Risks

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

Incubation/Acceleration programs accomplishment

We graduated ranked number one Founders Institute - Silicon Valley, United States 2023 winter cohort June 2023
We are one of the top 8 startups on Tampa Bay Innovation Center, Tampa, Florida, United States
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
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
Presentation