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Percayso

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Percayso provides insurers with the data to make better decisions and win in a highly competitive market

106%
 - 
Funded 22 Mar 2021
£400,002 target
£426,343 from 270 investors
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Business overview

Location Nottingham, United Kingdom
Social media
Website www.percayso.com
Sectors Data & Analytics Digital B2B
Company number 10507204
Incorporation date 1 Dec 2016
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Investment summary

Type Equity
Valuation (pre-money) £20M
Equity offered 2.08%
Tax relief

EIS

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Business highlights

  • 4 insurance clients already contracted
  • Platform designed to process millions of transactions per day
  • Interest from multiple top 10 insurers
  • In Slaughter & Mays FastForward 2020 & Oxbows Insurtech Impact 25
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Key features

  • Secondary Market
  • Nominee investment min. £12.75 +
  • Direct investment min. £15,000.00 +

Idea

Introduction

The UK insurance industry is worth £220bn per year and it lives and dies on data - to understand risk, identify fraud, confirm customers details and set premiums. Good data is the difference between insurers winning & losing in a hyper-competitive market. Percayso provides insurers with access to a wide range of data sources, allowing them to form a more comprehensive view of their customers. Percayso’s technology aggregates the data from different partners, allowing intelligence to be accessed with a simple API call at significant volume.

The team is made up of individuals with a wealth of experience in the insurance industry and data enrichment field. We have built the platform, the partner network and the strategy to enable insurers to make a step change in their customer insight, the risk they present and their true value. Percayso's services seek to disrupt the existing monopoly supplier to fulfill a clear market need for a new solution which insurers are looking for. We have already signed 4 clients & have a strong pipeline of 25+ opportunities & aim to convert at least 50% of these.

Substantial accomplishments to date

-Percayso's platform is designed to process millions of transactions per day at sub-second response times

- Exceptional team assembled and fully operational analytical uplift of the core solution proven with beta clients

- Agreements with multiple core data suppliers agreed

- Contracts signed with four clients to date and 20+ more opportunities in the pipeline worth up to £4.5 million total contract value

- Integration with major insurance software platforms underway

- A range of new products planned for launch in 2021

Monetisation strategy

As a B2B organisation we licence our services to our insurance provider clients who typically sign up to one-three year contracts. The commercials can be broken down into:

1. Set up and analytical fees based on the complexity of the solution
2. Monthly licence fees to access the service
3. Data fees to licence the data

Our fees are currently a blend of our own services and reseller agreements with some data partners. As we develop more new in-house products these will aim to increase our gross margins further and subsequently our EBITDA.

Use of proceeds

Percayso plans to use investment funds to expand the business both through additional data partners, product and platform diversification and development as well as marketing and client onboarding.

Use of funds:
Platform Development - 45%
Third Party Integrations - 20%
Working Capital - 20%
Product & International Development - 10%
Marketing & Networking - 5%

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), which is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Republic Europe platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Republic Europe platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

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Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £20,000,500

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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Equity Offered

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When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

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Nominee investment

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

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