flesip
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Date of Foundation
2022

flesip

Revolutionizing ERP for SMEs

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The Idea origin story

Flesip simplifies ERP for SMEs and freelancers, easing the transition to mandatory e-invoicing in Spain by 2025. Our SaaS solution covers key areas including invoicing, expenses, tax control, HR, projects, CRM and bank reconciliation. We connect with external advisers used by these companies too. Additionally offering POS hardware/printers suitable for specific business verticals and payment administration as an alternative to traditional banks plus a comprehensive view of the business status via our website or app.

The Mission

"Enabling SMEs and freelancers to streamline their business operations with an all-encompassing, innovative ERP solution."

Clients

Small to medium-sized enterprises in need of an easy-to-use ERP system that allows them to comply with the Electronic Invoicing regulation in Spain by 2025

Problems we solve

Client’s problem

Your startup, Flesip, can help SMEs streamline their operations, monitor and manage expenses, human resources data and tax control. It will solve the paperwork issue by digitizing them and ensures compliance with Spain's 2025 electronic invoicing regulation.

Confirmation of problem

many SMEs struggle with time-consuming paperwork and compliance with upcoming electronic invoicing regulations.

Solution

An ERP software solution tailored for SMEs that automates invoicing, reduces human errors, and ensures compliance with Spanish regulations.

Our technologies

This solution is based on technologies

Cloud computing, AI analytics, IoT for POS hardware, mobile app development technologies, blockchain for secure payments.

How it works

Users create an account, access a learning academy, and choose a subscription plan based on users, invoices, API use and included payments.

Value for the client

Flesip offers a single, easy-to-use ERP system that streamlines invoicing, expenses, HR and more for SMEs to comply with future Spanish e-invoicing regulation.

Market and strategy

Market size

1200

mln/year

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

Market share goal

6

% of the market

Is our goal in the next 3 years

Team

My name’s

Jose Luis Munoz

My key role in the product

My key role is CEO and I'm responsible for guiding strategy, making major corporate decisions, building company culture and leading the team.

Team size and key members

Our team includes CTO Jhon Farias, Front-end Team Lead Cesar Becerra, Full-stack member Sammar Jaffal, QA leader Maria Segura and Designer Victor Maza.

Competitors

Competitors

Our Advantages

We offer easy-to-use software tailored to company specifics, minimizing invoice creation time with auto-invoicing. Alongside a free customer invoicing portal, we're widely integrated: open API, payments, in-house printers/POS machines. Scalable and secure as per ISO 27001 and Spain's regulation.

Business model

We offer SaaS subscriptions with monthly or annual plans. Annual payments receive a 20% discount and we earn a % per transaction made via our payment method.

Traction

We've achieved full functionality in our app covering invoicing, expenses, projects, and HR. Additionally, our API is now operational via the website. The application also adeptly handles invoicing and expenses. We take pride in exceeding 1,200 subscriptions to date.

Should the need arise, we'll secure further funding and consider ways to amplify growth potentially through a strategic sale or merger with industry competitors.

Metrics

The product metrics are impressive: MAU is at 300, showcasing a healthy user base. Daily Active Users (DAU) stands strong at 35, indicating continuity of engagement. Churn rate is nonexistent owing to all customers choosing annual subscriptions - an indicator of confidence in the utility and quality we’re providing with our service or product. On top of that retention represents perfection as it hits full percentage – representing complete customer loyalty which signifies repeated business from users & overall satisfaction level they have for us. The Customer Acquisition Cost stands high due its value-oriented nature costing around $35000 acquiring each new client but incorporating long-term investment factor.

Enjoying sturdy revenue of $215K, our startup exhibits a high gross margin at 80%, reflecting efficient operations. The monthly burn rate stands at a manageable $25K. We've maintained steady Monthly Recurring Revenue (MRR) of $18K and possess a low Customer Acquisition Cost (CAC) of only €29.

Incorporation

Our company incorporated in

Spain but open to open in other jurisdiction

Key risks

Main risks might include market competition from established ERP providers, adaptation challenges for SMEs unaccustomed to digitized solutions, potential technological issues within the SaaS platform, quick regulatory changes and customer reluctance due to data security concerns.

Investments

$

180000

We raised investments

Our Investors

100% provided by the holding company of the founder. So 100% is under control of the CEO

Rising Investments

$

2500000

Currently, we are raising investments

$

12000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

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Additional information

Strategically positioning your startup as an innovator with potential for exponential growth can garner interest. Highlight breakthrough products/services, market uniqueness and solid monetization strategies.

flesip
Growth
Date of Foundation
2022