Editing Kapitalwise
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
| Latest revision | Your text | ||
| Line 14: | Line 14: | ||
== Problem == | == Problem == | ||
== Financial institutions lack personalized customer engagement == | |||
=== 8 in 10 consumers would switch financial institutions for a better experience. === | |||
As Millennials and Generation Z come of age, they’re expecting a seamless user experience on par with all other technology they are used to. For financial institutions to truly keep up with the modern-day customer, they need to customize and personalize their customer experience – empowering the individuals to feel in charge of their finances. | As Millennials and Generation Z come of age, they’re expecting a seamless user experience on par with all other technology they are used to. For financial institutions to truly keep up with the modern-day customer, they need to customize and personalize their customer experience – empowering the individuals to feel in charge of their finances. | ||
=== Modern financial institutions have lean sales and marketing teams that need a customer engagement tool built on AI and data flow. For them... === | === Modern financial institutions have lean sales and marketing teams that need a customer engagement tool built on AI and data flow. For them... === | ||
* Leveraging data and insights are often squandered Financial institutions' sales and marketing teams often don't have the tools and resources to leverage internal data for customer engagement. | |||
Financial institutions' sales and marketing teams often don't have the tools and resources to leverage internal data for customer engagement. | * Sourcing the right content Sourcing engagement content and screening it for compliance is challenging and time-consuming. | ||
* Engineering cost Building, testing, and analyzing AI models and customer engagement scenarios are expensive. | |||
engagement content and screening it for compliance is challenging and time-consuming. | |||
Building, testing, and analyzing AI models and customer engagement scenarios are expensive. | |||
== Solution == | == Solution == | ||
== A no-code customer engagement platform built on data and AI == | |||
KapitalWise has built a platform that aims to help financial institutions' relationship managers and marketing teams elevate their work with new, relevant insights into their client’s financial life, and better help customers achieve their financial goals. | KapitalWise has built a platform that aims to help financial institutions' relationship managers and marketing teams elevate their work with new, relevant insights into their client’s financial life, and better help customers achieve their financial goals. | ||
* Moments of truth Data-driven approach to identify the moments of truth to engage with customers. | |||
Data-driven approach to identify the moments of truth to engage with customers. | * Engagement content Customized and ready-to-use marketing content and customer-facing apps developed by experts. | ||
* Engagement builder Build, pilot, and deploy new customer experiences without IT support. | |||
Customized and ready-to-use marketing content and customer-facing apps developed by experts. | |||
Build, pilot, and deploy new customer experiences without IT support. | |||
== Product == | == Product == | ||
== Kapitalwise: no-code customer engagement == | |||
Kapitalwise has created a way to extract behavioral insights from financial information on a massive scale. We believe that with the insights we can provide, financial institutions will be able to create the customer experience that everyone wants. | Kapitalwise has created a way to extract behavioral insights from financial information on a massive scale. We believe that with the insights we can provide, financial institutions will be able to create the customer experience that everyone wants. | ||
* Signalwise Data aggregation and AI to detect "Moments of Truth" and predict "Next Best Action" to engage customers. | |||
* Contentwise Apps, tools, and financial education content with pre-built engagement automation templates. | |||
Data aggregation and AI to detect "Moments of Truth" and predict "Next Best Action" to engage customers. | |||
* Marketingwise Email, SMS, Web Analytics, and Social Media marketing automation. | |||
* Saleswise Lead management tools built to close more deals. Manage pipeline, tasks, notes, and meetings. | |||
Email, SMS, Web Analytics, and Social Media marketing automation. | |||
Lead management tools built to close more deals. Manage pipeline, tasks, notes, and meetings. | |||
== Traction == | == Traction == | ||
== 300% increase in managed customer accounts == | |||
=== From Q4 '21 to Q1 '22 === | |||
Kapitalwise has graduated from the Barclays Techstars and Fintech Innovation Lab and received over $950K investments from investors and accelerators, including Techstars, Breega Capital, and the Independent Community Bankers of America (ICBA). We have dozens of customers using our platform ranging from global Tier-1 banks to B2C fintechs. We also have paid evaluation contracts signed with large Tier-1 banks like Bank of America and Barclays South Africa (ABSA). | Kapitalwise has graduated from the Barclays Techstars and Fintech Innovation Lab and received over $950K investments from investors and accelerators, including Techstars, Breega Capital, and the Independent Community Bankers of America (ICBA). We have dozens of customers using our platform ranging from global Tier-1 banks to B2C fintechs. We also have paid evaluation contracts signed with large Tier-1 banks like Bank of America and Barclays South Africa (ABSA). | ||
Booked ARR: $120K | |||
=== Financial Projections* === | === Financial Projections* === | ||
''* Click here for important information regarding Financial Projections'' ''which are not guaranteed.'' | |||
''* | |||
== Customers == | == Customers == | ||
== Serving an expanding roster of financial institutions == | |||
* Live Customers: Mid-market financial institutions, including regional banks, wealth management firms, and global Tier-1 banks. | |||
* Pipeline: A total pipeline worth more than $10M in potential contract revenue. | |||
Partners | |||
Our proud partners work with us to make banking more accessible and innovate new ways to improve customers' financial life. | Our proud partners work with us to make banking more accessible and innovate new ways to improve customers' financial life. | ||
=== Appreciation from our customers === | === Appreciation from our customers === | ||
== Business model == | == Business model == | ||
== Average subscriptions starting at $750/month == | |||
=== With additional monetized features and content options === | |||
Kapitalwise is pursuing a B2B model for our distribution. Our monthly subscription pricing is based on the number of customer accounts managed on the Kapitalwise platform, starting at $750/month. In addition to the base platform, we offer additional features and content purchase options. | Kapitalwise is pursuing a B2B model for our distribution. Our monthly subscription pricing is based on the number of customer accounts managed on the Kapitalwise platform, starting at $750/month. In addition to the base platform, we offer additional features and content purchase options. | ||
Our enterprise plans include features that require custom data integration. We charge an installation fee for onsite installations which range from $150K to $300K. | Our enterprise plans include features that require custom data integration. We charge an installation fee for onsite installations which range from $150K to $300K. | ||
''* Click here for important information regarding Financial Projections'' ''which are not guaranteed.'' | |||
''* | |||
== Market == | == Market == | ||
== The $1.5T finance and insurance industries are ripe for disruption == | == The $1.5T finance and insurance industries are ripe for disruption == | ||
The FinTech industry is already a major contributor to the global financial sector. The $58B global CRM market | The FinTech industry is already a major contributor to the global financial sector. The $58B global CRM market will reach $129B by 2028. | ||
* 16% Two of the faster-growing categories of CRM are expected to be engagement automation and customer service, with 15.86% and 14.37% CAGR. | |||
* 10% The top four industries for CRM software use are services (32%), information technology (13%), manufacturing (13%), and finance (10%). | |||
=== Market opportunity === | === Market opportunity === | ||
* Serviceable Market: 90K Financial Institutions | |||
* Obtainable Market: 9K Financial Institutions | |||
Credit Unions and Banks are hyper-aware of the trend and how important these tech solutions have become to their businesses: 60% of credit unions and 49% of banks say they believe that a partnership with a FinTech firm is important. | Credit Unions and Banks are hyper-aware of the trend and how important these tech solutions have become to their businesses: 60% of credit unions and 49% of banks say they believe that a partnership with a FinTech firm is important. | ||
| Line 133: | Line 99: | ||
== Competition == | == Competition == | ||
== Financial CRM landscape == | |||
== Vision == | == Vision == | ||
== Use of funds == | |||
* Expanding Sales & Marketing Roles: VP of Marketing, two SRDs. | |||
Extending the current engineering team from 10 to 15. Hiring the VP of engineering and Chief Product Officer. | * Product and Engineering Extending the current engineering team from 10 to 15. Hiring the VP of engineering and Chief Product Officer. | ||
* Additional features Adding embedded fintech (Card Issuing and Lending) to the current App Marketplace. | |||
Adding embedded fintech (Card Issuing and Lending) to the current App Marketplace. | |||
== Investors == | == Investors == | ||
== Backed by leading VC firms and accelerators == | |||
Kapitalwise has raised nearly $1M from top VC firms in the banking and fintech industry. We have been part of prestigious startup accelerators like Barclays TechStars, PlugandPlay, VentureCetner, and Fintech Innovation Lab. | |||
== Leadership == | |||
== | == Diversified team with the right mix == | ||
=== of technology, strategy, and operations backgrounds === | |||
== Kapitalwise Team == | == Kapitalwise Team == | ||
| Line 189: | Line 148: | ||
Development | Development | ||