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Enty

Single Control Panel for all back-office operations

Russia, Moscow city
Market: Auto Maintenance
Stage of the project: Operating business

Date of last change: 10.06.2021
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Idea

Enty is a single Control Panel, where the client can orchestrate all back-office processes simultaneously.

Enty covers end-to-end cross-functional processes and creates an industry standard for back-office operations.

We achieve this through a blend of our automated solutions and integration with third-party solutions.

Current Status

Our product is live: in the current state our control panel gives the ability to incorporate a company in Europe, automate accounting and choose a suitable banking solution. Сlients believe in us and in our long-term vision. In 8 months, we managed to onboard more than 110 clients and to receive >65 000 EUR in revenue. Actual numbers are available upon the link
https://app.klipfolio.com/published/8c966fece7daa22f861f3607ae420102/enty-performance

Market

European SME. Currently, we target Estonian companies, in a few months we will be adding companies from Netherlands and Italy

Problem or Opportunity

We estimate that micro-and small enterprises in Europe spend 10B EUR annually on back-office operations, while the cost of lost energy and time is immeasurable. At the same time, there is no single solution for all back-office operations, therefore entrepreneurs have to spend even more money and energy without any hope for comprehensive automation and transparency of the whole picture.

Solution (product or service)

Enty is a single Control Panel, where the client can orchestrate all back-office processes simultaneously.

Enty covers end-to-end cross-functional processes and creates an industry standard for back-office operations.

We achieve this through a blend of our automated solutions and integration with third-party solutions.

Competitors

Holded, Monite, PaidThat, 1Office

Advantages or differentiators

Several startups are also trying to build ERP for SMEs. But they focus only on financials, while we understand that back-office processes are not only about accounting and money: it’s about people (HR), obligations (legal), and shareholders (equity management).
Along with that, they are trying to build their own solutions for every task, while we integrate the best solutions that are available on the market. It means that we can focus on the connection between the features, which is vital for comprehensive automation.

Finance

Two revenue streams: one-off fees for incorporation and recurrent fees for the subscription to the control panel
. Main costs are marketing and wages

Business model

The main channel now is a paid search. Also, we use social media and our blog as sources of new clients. Actual numbers are available upon the link https://app.klipfolio.com/published/8c966fece7daa22f861f3607ae420102/enty-performance

Money will be spent on

Launch banking services under partners’ license, hiring, additional marketing

Offer for investor

We are seeking to raise 400.000 EUR to support our growth. Our target pre-money valuation for the current investment round is 3.000.000 EUR

Team or Management

Risks

1. Language differences between EU markets;
2. Scalability of the customer support

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

Russian Startups Go global 2020 - winners
Emerge 2021 - final
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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