Symplum

The Services Marketplace connecting consumers and services providers to help manage the process end to end including payments between insurers and professionals secured by Blockchain.

We founded Symplum Marketplace in Madrid 3 months ago in a pre-seed round of 50k€. With those funds we have made a leap in our process to be an investable company. 

I can confirm the following:

* Market Acceptance
* Field Service Management Systems Agreements to integrate their platforms
* Technology decisions and their costs (fr om Framework to the Blockchain infrastructure)
* Internal Tools Setup (Accounting, HR, CRM, Collaboration & others)

All this has also confirmed that our financial predictions are feasible and very reasonable, despite the upside they indicate.

But we still can't prove traction because with just over the 1,000 policies that we already have agreed, we would have between 4 and 8 incidents in the first week (but nobody knows what type and wh ere, as it is a statistical probability).

We can't tell that first client who has trusted Symplum and who has been stranded on the road at 1 in the morning that we will be providing service in Cuenca within 3 months... It would be like committing suicide before the first month is over!!!

53 million auto and casualty insurance polices which have 21 million claims per year what is a 9 billion market just in Spain in the insurance market.
But the solution can help in the private market, another 12 billion for a total of 22 billions

And the solution has been designed with a global perspective, what multiplies the TAM to a staggering number of 1250 billions

Policy holders in Spain, confuse the claim itself with the repair of the damage and are unaware they can opt for money instead of the repair services.
As everything is managed by the assistance company's Call Center on behalf of the insurance company, they simply send the chosen repairer and have no choices
Policy Holders
After suffering an accident, people feel helpless and without control over the repair process, which generates anxiety and uncertainty.*
Repair Companies
The repair companies are frustrated by the lack of effective communication and poor quality of the information received. They feel exploited by the contractual demands.*

We have a digital Marketplace that connects users and service providers
We integrate with the existing business applications which service providers use
We use Blockchain to secure the registration of users, assets, policies and claims, which also helps reduce fraud
The policy holder transfers the right to collect repair fees to the marketplace, which then manages the repair process

Please watch the Deck and ask for more info

Please watch the Deck and ask for more info

There is a giant spreadsheet which simulates the business, please ask for it and watch the deck

Please watch the Deck and ask for more info

Please watch the Deck and ask for more info

Please watch the Deck and ask for more info

Please watch the Deck and ask for more info

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