english
After falling victim to a car scam, I became determined to transform the flawed used car industry. This led me to create InspectWise®, a revolutionary platform that aims to eliminate fraudulent deals and ensure transparency and reliability in car transactions. Our goal is not only about reshaping an industry - it's about safeguarding consumers worldwide.
Our vision is to revolutionize the used car industry, becoming the go-to solution for safe and transparent car purchases worldwide.
Any private consumer planning to buy a used car.
Your startup aims to solve the lack of transparency and scams in used car sales by providing a reliable inspection service, protecting buyers from fraudulent transactions.
USD 6-10 billion lost every year world wide because of consumer complaints. USD 60-80 billion lost every year world wide because of crime and scammers.
Our solution combines an AI-powered app for damage detection and ID verification with a network of gig-based inspectors who perform independent assessments at the seller's location.
AI for fraud detection, Blockchain for transparency and traceability, Websites and mobile apps for user accessibility.
Clients order an InspectWise inspection online, inspectors use our app for a detailed car analysis. Results are emailed and purchases insured.
InspectWise® ensures safe and transparent car purchases, protecting consumers from scams and false dealer claims.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is Founder and I'm responsible for setting company strategy, building a strong team, attracting investment and overseeing operations.
To make your startup a unicorn, consider adding a seasoned Sales and Marketing manager for customer acquisition, an experienced CFO to manage finances strategically, as well as mentors or advisors who have entrepreneurship experience.
Revolutionize your vehicle purchase with our unique solution. Buy any car situated globally from the convenience of home, promising safety and hassle-free transactions. Unleash the possibilities.
InspectWise® sells car inspection & history reports at €199 each (30% profit) and deal facilitation for €599 (50% profit). Extra services offered.
Boosting €30K monthly revenue and netting €10K profit, we've built a robust base of 350 car inspectors. Our promising potential is validated by prestigious inclusion in Accelerate Estonia's program.
The company is on a growth trajectory with expectations to double its revenue.
Currently, the number of daily car history reports processed ranges between 5 to 10. On a weekly note, we conduct about 2-5 car inspections.
Our annual revenue stands at a solid €300,000 with profitability achieved - an economical stronghold reflecting our financial competence.
Our company incorporated in
Helsinki, Finland
One risk could be the potential inability to scale at a pace that matches demand, leading to dissatisfied customers. Another is ensuring the trustworthiness and competency of gig inspectors. Then there's always the chance of well-funded competitors entering your space. Lastly, integrating AI effectively may present technical challenges.
$
0
We raised investments
Me as a founder only
$
600000
Currently, we are raising investments
$
4000000
Estimated pre-investment valuation of the company
InspectWise® provides a free SaaS inspection app for car dealers, gathering essential data and promoting brand trust through dealership-branded reports.