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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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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

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 campaign for Percayso has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 3 February 2021 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

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.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Nominee investment

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Custodian

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Secondary market

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Direct investment

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Payment options

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Business Involvement

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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

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Security Token

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