Smart banking for small businesses
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What pain?Entrepreneurs & startups are very unhappy with their everyday banking
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The 40+ CEO/CFO SurveyStartups are clearly eager to have a modern everyday banking solution
SOURCE: Interview with 40 CEO/CFOs of French startups
Pain/SolutionTraditional banks fail to provide an efficient everyday banking service to SMBs
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Without Finpal ‣ Heavy processes and bureaucratic
everyday banking
‣ No consideration for UX and UI
‣ High fees and lack of transparency
‣ No integration with relevant external tools (e.g. accounting, HR)
With Finpal ✓ A modern current account for
businesses: ✓ Paperless, 100% online, mobile ✓ Simple transparent pricing ✓ Reactive customer support
✓ An efficient solution to manage a business, combining tools with existing services to create value
http://www.finpal.coSolutionMeet Finpal
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Minimum Viable ProductKey elements required for launch
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Features Service level1. Current account (with unique IBAN)
- Pay and get paid
2. Corporate MasterCard(s) to pay and withdraw money - Get real-time notifications - Set limits to employee cards
3. Native business tools - Issue invoices and monitor payments - Manage expenses efficiently
4. Ready for accounting - Make smooth csv/receipts extracts - Grant specific access to accountants
✓ Smooth and easy on-boarding
✓ Straightforward pricing ✓ 8.00-22.00 customer
support
Wireframes Example: History view
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✓ All transactions are tagged automatically and linked to one specific user / cardholder
✓ No limit for transaction history and lots of filters to search for specific transactions
✓ Ability to upload documents for each transaction (drag& drop from desktop or invoice picture directly from smartphone)
✓ Export/share tools enabling efficient communication, especially with accountant
Vision: Core Banking Is the Cornerstone for FinpalReal-time data accessed from Finpal’s own bank account unlocks smart finance
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Native tools
invoicing tool, expenses
management, cash accounting dashboard
Reconcile invoices
automatically
Attach receipts to transactions
Tag transactions automatically
Consolidate cash position in
realtime
Prepare cash accounting
automatically
Core banking
Real-time transaction
notifications, comprehensive data
Consolidate data with external
accounts
Integrations*
Open architecture
Integrations by default
*: examples of apps/services
Automatically export to accounting
software
Automatically attach receipts to
transactions
Manage eShop payments with
granularity
Transfer FX at low cost directly from
Finpal
Borrow money directly from
Finpal
Product Fit vs. Business Demography (Example: France)Small companies want a full stack solution. Integrations are specially for medium ones.
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0-1
2-9
10-19
20-49
50-249
250+
1.8m companies
1m companies
150k companies
30k companies
10k
5k
Core banking +
Native tools
Core banking +
Native tools +
Integrations2017
2018+
New / small companies
Medium / growing
companies+
companies with specific needs
Num
ber o
f em
ploy
ees
Key Benefits of Using Finpal3 key immediate benefits for all small businesses
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Average monthly banking fees for a company with 10 FTEs
Traditional bank Finpal
€70
€150
-54%
Cheaper - 50% on everyday
banking fees
Better all existing/future Fintech innovations in one click
and all innovations to come!
Fintech Hub
Faster - 30% time spent on accounting
and budgeting
‣ No more “last Friday of the month” lost for receipts/expenses tracking
‣ No more endless email exchanges with accountant or office admin for bank reconciliation
‣ Office manager or assistant time highly reduced
Team built over the past 8 weeksExperienced professionals
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✓ Proven execution capabilities
✓ Strong focus on product excellence (UI/UX)
✓ Industry experts willing to support Finpal
Steve Anavi - Product Founder @Smokio (acquired), COO EMEA @Groupon, Deloitte Consulting, MSc Engineering EPFL, MBA INSEAD
Alexandre Prot - Sales Founder @Smokio (acquired), Founder @Wimdu, McKinsey, Goldman Sachs, HEC Paris, MBA INSEAD
Gabriel Klein - Lead Dev. Full stack dev with 10+ years of experience including @liftopia. Stacks: Ruby on rails, emberJS, AWS
Back-End Developer Stacks: Ruby on rails, go, AWS
Front-End Developer Dev emberJS, polymerJS, ruby on rails, HTML, CSS
Anh-Tho Chuong - Marketing MD @Weebly, McKinsey, Mailjet, Orange, ESCP Europe
Product Designer #SaaS #B2B #Fintech
+
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