3. A nossa
História
Sócios a gerir uma consultora informática
Faturação
Despesas da
Empresa
Pagamentos
/Recebimentos
Justificação de
movimentos
bancários
26. André Silva, CMO
Inbound traffic and
registration
generation
Worked at Deloitte
as a Consultant
Project management
experience Insurance
and Logistics
industries
Diogo Nesbitt, CCO & CFO
Trial conversion,
clients renewal and
customer satisfaction
Worked as a freelance
project manager
Project management
experience in Banking
and Transportation
industries
Jorge Santos, CEO & CPO
Product development,
platform architect and
KPIs
Worked at Cisco
Systems SF as a
Software Developer
Project management
experience in Media
and Transportation
industries
Founders worked together for the past 6 years, with 5
years of entrepreneurial experience in prior startups
Team
29. Real-time cash flow management made possible through
proprietary bank account synchronization and OCR processes
Treasury
Management
AccountingSales &
Purchases
Our Solution
31. Secondary markets
(dedicated website
but without bank
reconciliation)
Core markets
Major cloud-based solutions Local non-cloud based solutions
Our
competitive
space
32. Europe
S/C America
N. America
Asia
Africa
TOTAL MARKET
€15B
90 M
Prospects
1.5
3.7
2.5
0.8
Germany
Italy
Spain
Portugal
Number of Micro
businesses (million)
Germany
Italy
Portugal
Spain
NEAR TERM EXPANSION
€1,4B
8,5M
Prospects
Reference:
Addressable
Markets
33. One year ago we were distinguished as the winner of Caixa
Empreender Award that came with a €200k investment
Milestone
35. 23
36
59
69 72
87
99 105
125
165
215
257
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Number of Paying Customers
660
793 843
1,021
1,164
1,271
1,536
2,036
2,692
3,120
Mar Apr May Jun Jul Aug Sep Oct Nov Dec
MRR
Milestones:
Traction
37. Looking to raise €600k for the next 18 months of
runway…
Overhead
13%
Marketing and
Sales
46%
Product
Development
32%
International
9%
Seed Round
38. Following Completion of
Seed Round
Founders 68,00%
Caixa Capital 18,00%
WAYRA
(Telefónica Group) 4,00%
New investors 10,00%
Total 100,00%
…with €250k and €100k having already been
committed by Caixa Capital and Wayra.
Seed Round
39. 2016
Invoicing and Expense
Mobile App
Connect Customers
with Financial Products
Point of Sale
Feature
2017 Mid 2017Mid 2016
Product
Development
Plan
40. 2016 2017
Invoicing and
Recognition rules
Continuous work with
accounting firms
Integration with
accounting software
Mid 2017Mid 2016
Entry in Spain
Milestones
45. Join us in enabling SMBs across the world to
manage their cash flow in just 5 daily minutes
Thank you!
Jorge Rodrigues dos Santos
email: jorge.santos@magnifinance.com
46. Proprietary Bank account synchronization
We developed our own bank account synchronization technology
Works with banks worldwide.
We have implemented new banks in ~5 days
+65.000 bank movements synchronized
To add a new bank we just need one client of the bank to give us
authorization and internet access credentials.
Technology
47. Expenses and supplier invoice recognition
Submit supplier invoices and expenses by simply
sending a photo from your phone to a MagniFinance
email address
Character extraction is done by a top-of-the-industry
OCR, from there we use our own data extraction
algorithms
Our clients say:
Technology
48. Intelligent reconciliation suggestions
We have a document to bank movement reconciliation
engine that constantly makes suggestions on a large
number of parameters.
With bank movements and inbound invoices effortlessly
updated onto the platform we can give intelligent
reconciliation suggestions that allow managers to have
real-time and precise treasury planning.
Technology
50. Setup alert and view updated bank feed of all your
bank accounts in one place
Screenshot
51. Easily look up your company’s financial records
Screenshot
52. Quick and easy analysis of your real-time
treasury position
Screenshot
Hinweis der Redaktion
O nosso precurso, aquilo que fomos aprendendo ao longo do tempo,
Aviso que neste momento não temos designer
Necessidade
Sócios a gerir uma empresa
Necessidade
Gastam muito tempo
Faturar
Registar/planear as despesas da empresa
Saber o que está pago/ recebido
Todos os movimentos bancários justificados
Necessitam de gestão precisa
Empresa pequena com pouco dinheiro
Procurámos soluções
Quem não tivesse estudado contabilidade não sabia como utilizar
Trabalho manual
Complexo
Lento
Leva a erros
Não permite a tomada de decisão rápida e certeira
Distância
Sem número de telefone
Através de parceiros
Custos elevadíssimos para a funcionalidade que queríamos para controlar o dia-a-dia
Procurámos soluções
Quem não tivesse estudado contabilidade não sabia como utilizar
Trabalho manual
Complexo
Lento
Leva a erros
Não permite a tomada de decisão rápida e certeira
Distância
Sem número de telefone
Através de parceiros
Custos elevadíssimos para a funcionalidade que queríamos para controlar o dia-a-dia
Imaginamos
Uma solução moderna
Cloud
Simples de utilizar, que facilitasse a vida
Sem necessidade de conhecimentos de contabilidade para perceber o que se está a passar
Próxima do gestor
Gerir “dinheiro”
Permita navegar o barco com precisão e segurança
Contactável
Mensagem
Magnify your business
Plataforma que tira a incerteza, complexidade e lentidão da gestão do dinheiro da empresa
Gestão do dinheiro da sua empresa em 5 minutos diários
Personas
Mário, fundador de uma empresa de criação de videos promocionais que precisa de faturar, controlar pagamentos, controlar os custos da empresa
João, dono de uma creche que têm centenas de pagamentos mensais e que precisa de faturar e saber dessas centenas quem tem meses em atraso
Gustavo, controlador financeiro de um restaurante que se esqueceu de pagar a um fornecedor de legumes e por isso este deixou de o fornecer
Personas
Mário, fundador de uma empresa de criação de videos promocionais que precisa de faturar, controlar pagamentos, controlar os custos da empresa
Terry, têm centenas de pagamentos mensais e que precisa de faturar e saber dessas centenas quem tem meses em atraso
Gustavo, controlador financeiro de um restaurante que se esqueceu de pagar a um fornecedor de legumes e por isso este deixou de o fornecer
Posicionamento
Tornar tão simples como gerir o dinheiro que temos no bolso
Saber quanto a empresa tem
Quanto pode gastar
Quando precisa de receber
Posicionamento
Automatizar processos repetitivos e manuais para que ”desapareçam”
#noTyping
Quando faturo, se um produto não exite é logo criado
Ir à conta várias vezes ao dia para saber o que já entrou ou saiu da conta não fazia sentido
Introduzir as faturas que recebemos dos fornecedores sem ter de escrever tudo à mão
Ajudar a ligação entre documentos e movimentos bancários
Saber o que está pago ou recebido não porque alguém disse que estava mas saber de qual banco saiu, quando e quanto
Sugestões automáticas
Disponível
Num. telefone no site
Chat a qualquer hora do dia ou da noite
Responder a emails rápidamente
Disponível
Num. telefone no site
Chat a qualquer hora do dia ou da noite
Responder a emails rápidamente
Disponível
Num. telefone no site
Chat a qualquer hora do dia ou da noite
Responder a emails rápidamente
Moderno
Interface feita para pessoas
Online
Não perder os dados porque o computador apanhou um virús
Acessível de qualquer sitio, sem vpns para o escritório
Acessível do telemóvel
Moderno
Interface feita para pessoas
Online
Não perder os dados porque o computador apanhou um virús
Acessível de qualquer sitio, sem vpns para o escritório
Acessível do telemóvel
Moderno
Interface feita para pessoas
Online
Não perder os dados porque o computador apanhou um virús
Acessível de qualquer sitio, sem vpns para o escritório
Acessível do telemóvel
Pricing
€19,90/ mês / empresa
Em linha com a nossa filosofia, muito simples, sem pacotes, sem limites, sem custos escondidos
Não nos posicionamos como os mais baratos do mercado mas estamos muito abaixo do custo de de outras soluções que tentam oferecer o controlo do dinheiro
Mercado
Micro e pequenas empresas de qualquer industria ou sitio no mundo +/- até 20 trabalhadores
Resistimos à tentação de ser global desde o inicio, começamos com o mercado/ cultura que conhecemos
Canais
- Inicio com adwords, mail shots
Canais
- Inicio com adwords, mail shots
Facilitar trabalho e dar valor
Contabilistas
O que fazemos por eles
Associações
O que fazemos por eles
ANJE parecia longo e foi curto
Plataformas Técnológicas
.... 70% dos clientes vêm através de estes canais
Aquilo que tentamos fazer e que achamos que nos faz diferentes
- De gestores para gestores, software para pessoas, não computadores
Disponibilidade para ajudar os clientes
Presença e reacção a feedback
Cliente na area hoteleira -> Paypal
Cliente com uma creche -> Pagamentos por referência mais baratos que ficam logo reconciliados
Apoio a contabilista, developers, associações
É o que nos têm levado ao crescimento
Back in the time of the discoveries our Portuguese ancestors sailed across the globe with what was at the time a great technique, they used the stars to navigate. Celestial navigation was great but it also had a high degree of error and you had to do complex calculations
Hundred of years have passed and nowadays we use tools like GPS, digital maps, weather forecasts that allow captains to steer their ships with extreme precision and safety
So when me and my co-founders needed to control cash flow for our previous startup and we researched the market…
…we just couldn’t believe it! It was basically this on a computer (http://www.elsevier.es/en-revista-revista-contabilidad-spanish-accounting-review-368-articulo-la-partida-doble-el-cargo-90252665) hundreds of years have passed and if you manage a business this will feel scary how familiar this is to what is done nowadays, manual, time consuming, complex updating information
Now imagine that you had a platform where you got automagically updated purchases and expenses... And automagically updated bank movements
Well, that’s what we achieved with MagniFinance, real time cash flow management made possible through proprietary bank account synchronization and purchase and expense processes
Arent there other softwares that do this? Actually yes and no, as I just said, we don’t depend on third parties for these amazing automated processes and we can implement purchase and expense recognition and synchronize with bank accounts in any country in the world
On the other side, we avoided very complex and ever changing tax and accounting rules and instead of competing with local accounting software we integrate with them in each country and take advantage of their market tested reliability
”We used to use Expensify to manage our expenses, it recognized almost no information automatically, with MagniFinance we almost don’t have to insert any expense information by hand.” – Joaquim Valente, CMO Stuk.io
This is reason why major cloud-based solutions have limited geographical reach and as an added disadvantage require accountants to drop the accouting software they have relied on for decades instead of leveraging it like we do
Near term expansion plans will be focused on neighboring European markets’ with significant growth potential where we have no competitors
So regarding how our progress has been, one year ago we had the high distinction of winning 2015’s Caixa Empreender award with a 200k investment and the great support from the Caixa team with a special shout out to Walter Palma and Stephan Morais and with that investment and support we had very cool progress from which we underline:
On product development gave our managers a sidekick mobile app to help them monitor the company’s bank acounts on the go, we developed stock management as we see stock information as a fundamental extension of the cash flow information and we developed accounting software integration with 3 of the major accouting softwares here in portugal
Customer growth has begun to accelerate with 27% MoM growth since Aug. 15
𝐿𝑉𝑇 (€363) 𝐶𝐴𝐶 (€146) =2.5×
ARPU €12
On the business side we were 1 out of 8 for Wayra Madrid investment, we setup partnerships with accounting firms to start to provide them that much streamlined workflow that we talked about before and we managed to hire a business developer with a lot of experience in selling financial software in Portugal
Now we are looking for a 600k round for our next 18 months of runway and to capitalize on lessons learned and the start of our internationalization
With 250k and 100k already committed from Caixa and Wayra, we are looking for the remaining 250k
On the product side we will improve our mobile app to better support the manager on the go,
a simplified sales interface to get those to companies that do direct to customer sales
And start to connect customers with financial products
We will capitalize on multiplying effect of the Spanish market 3x the size of the Portuguese in smes with the support of Wayra\
Take advantage of what we learned streamlining our sales channel
Capitalization network client -> accountant -> clients effect
And the 5 year plan with with the addition of huge European markets like Italy, Germany and then with South America as our next target
Grow our revenue by connecting customers that request it with credit and investment products as we will have very detailed information on how their businesses perform