Credial
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Date of Foundation
2023

Credial

Revolutionizing Finance with AI Integration

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The Idea origin story

Credial is striving to transform the accounting sector with an AI-driven platform that automates all accounting tasks. It aims to clear away inefficiencies, inaccuracies, and complexities that come with conventional accounting procedures. Credial's unique feature is its fully-automatic bookkeeping which provides businesses access to precise financial data in real-time. Essentially acting as a pocket CFO for enterprises, it simplifies and makes the entire process of accountancy more accessible and easier to understand for all types of clients.

The Mission

Credial's vision is to revolutionize accounting with AI automation. Our mission is to provide businesses instant, accurate financial data, simplifying and streamlining their accounting processes.

Clients

Our customers are small and medium-sized businesses (SMBs) across various sectors that seek to streamline their accounting processes and gain real-time, accurate financial insights.

Problems we solve

Client’s problem

Credial solves inefficiencies, inaccuracies and complexities in traditional accounting by offering automated bookkeeping. It provides businesses with instant, accurate financial data making accounting accessible and comprehensible for all SMBs.

Confirmation of problem

many SMBs struggle with time-consuming, complex accounting tasks, leading to delays and inaccuracies in financial reporting, which can have serious business implications.

Solution

Credial offers an AI-powered platform that automates the entire accounting process, providing real-time, accurate financial data to businesses, simplifying their accounting tasks.

Our technologies

This solution is based on technologies

Artificial Intelligence, Machine Learning, Cloud Computing, and Big Data Analytics.

How it works

Credial harnesses AI to automate bookkeeping, process real-time transactions, and offer immediate, precise financial insights.

Value for the client

"Credial offers real-time, AI-powered accounting solutions, streamlining finances with immediate access to accurate data for SMBs."

Market and strategy

Market size

500

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

15

% of the market

Is our goal in the next 3 years

Team

My name’s

Ørjan Lønning

My key role in the product

As the CEO of Credial, I am responsible for setting the strategic direction, overseeing operations, and ensuring the successful execution of our vision to revolutionize accounting with AI automation.

Team size and key members

Our key members are Ina Fauskanger (COO), overseeing operations and project management, and Martin Stabenfeldt (CTO), leading tech development. Both have extensive experience in startups and tech.

Competitors

Competitors

Our Advantages

Credial delivers full accounting automation reducing manual errors. Real-time data provides instant financial insights for better decisions. With a user-friendly interface and competitively priced, we're ideal for small businesses seeking an all-in-one accounting solution.

Business model

Credial generates revenue through subscription-based packages. Clients pay for the level of services they require, from basic bookkeeping to advanced analytics and reporting.

Traction

Over the last six months, we've unveiled our MVP platform with critical features like live bookkeeping and auto quality checks. It's already under beta-testing with select businesses, helping us refine it through insightful feedback.

The company's progress is set for a surge, with an operational product primed to conquer the market. Scaling up operations is imminent and poised for success.

Metrics

In the MVP phase, we're tracking metrics like user engagement and transaction count. We also measure the precision of our automated bookkeeping, while diligently monitoring user feedback to hone our product further.

Currently in our MVP phase, our product is available complimentary. We aim to refine and validate our business model before initiating monetization strategies.

Incorporation

Our company incorporated in

Norway

Key risks

Our project faces internal challenges like technological complexity, limited resources and talent acquisition. Key external hurdles include market adoption pace, regulatory changes and competition. We aim to mitigate these with strategic planning and seeking funding.

Investments

$

100000

We raised investments

Our Investors

angel investor owns 30 %

Rising Investments

$

500000

Currently, we are raising investments

$

3000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

Revolutionizing accounting with AI, Credial is committed to accessibility and efficiency for all business sizes. Our continuous evolution is driven by customer input and market trends.

Credial
MVP
Date of Foundation
2023