RevTech Labs
RevTech Labs reveals Class 14 cohort
Imagine an industry in which human error costs $400 billion.
Now imagine a platform that could eradicate that error through artificial intelligence and automation, saving its clients millions of dollars in the process.
That’s HEXANIKA.
We’re eliminating the need for fragmented and faulty solutions for businesses dealing with lots of data and high regulatory compliance demands. Using our SmartJoin and SmartReg proprietary technologies, we’ve already helped our customers save up to 50 percent in costs, speed up their onboarding up to 70 percent, and provided quality compliance results with 100% "auditability."
And with a 2020 Scalability Award from Citi under our belt, we’re just getting started.
The Problem
Unfortunately, the cost of data management and compliance is often so burdensome on small institutions that these businesses are forced to make tough choices about where their company is going—if anywhere at all.
In the last couple of years, $400 billion was assessed in non-compliance fines alone. That’s more than just a small error here and there, yet with ever-changing and increasingly complicated regulations, it can be nearly impossible for companies to keep up.
The Solution
Our AI software simplifies the process by automating data management and regulatory compliance. With HEXANIKA, companies no longer have to rely on hours upon hours of manual labor to keep up with compliance demands. With fewer labor costs and no more fines, our customers can expect their cost of compliance to be reduced by 50 percent or more.
The Market
In 2020, it was estimated that global financial services companies would spend $181 billion in compliance costs*.
While overall spend for Regulatory Compliance is over $181B, just $4 billion of that money was spent on RegTech solutions, with only 17 percent of companies have implemented this type of system. That leaves our addressable market at approximately $177 billion.
*Not including the $400 billion in fines previously mentioned.
Our Traction
Post the launch of the product in Q4 2019, in 2020, we saw approximately $1.4 million in revenue from customers using our award-winning product. Using our all-in-one platform, our customers have been able to eliminate their complicated and costly multi-step solutions and replace them all with HEXANIKA.
Customer success stories include:
At the 13th largest bank in the US HEXANIKA delivered more than 50% cost savings
HEXANIKA also increased compliance processing time by 50% with 100% "auditability" for Citibank
Our product was able to execute 50-70% faster onboarding for RSM, the fifth-largest accounting firm in the United States
And there are many more…..
As a SaaS company, HEXANIKA has been making excellent progress with small and midsize institutions, with an estimated pipeline of more than $15M.
We’ve formed strategic partnerships with a global financial services firm, a global accountancy firm, and a mainframe provider to work with their clients, giving us access to 80 percent of the industry partners we’re seeking.
Some successful partners stories include:
ICBA -The largest Independent Banking Association (ICBA) has become an investor in HEXANIKA. ICBA also promotes HEXANIKA through its forums, webinars, and preferred THINKTech Network
FIS - HEXANIKA also graduated from the FIS VC program and signed a reseller and distribution agreement. FIS is the largest FinTech firm in the world.
Amazon AWS - HEXANIKA is now in the Amazon AWS marketplace and has recently announced a partnership.
IBM - HEXANIKA recently became formal Integrated System Vendor and Silver Partner of IBM
RSM - RSM which is the 5th largest accounting and consulting firm serving midsize banks is a customer, has built compliance solutions in HEXANIKA’s SmartReg marketplace, and has serviced its banking customers by using HEXANIKA’s product.
And there are many more…..
What We Do
Using automated AI algorithms and without human intervention, HEXANIKA is able to:
The Business Model
Our pricing strategy combines two different models working in conjunction. These are based on the two components that make up our platform. In cloud, SaaS customers can also pay for proportionate use of the data platform based on quantity of data and processing. This makes pricing scalable, affordable and flexible for smaller institutions:
How We Are Different
The Vision
Within the next five years, we see ourselves as a leader in the driverless data management platforms and marketplace for the RegTech and compliance industries.
We believe our revenue potential as a one-stop-shop for compliance and financial services will soar as more and more companies experience the immense value of what we are providing.
OUR LEADERSHIP
Yogesh Pandit | Founder & CEO
25 years of financial services experience with Ernst & Young and Citi
Makarand Gadre | CTO
30+ years of experience; built Excel and SharePoint at Microsoft
Arun Iyer | CPO
30+ years experience; built and deployed large products at Cognizant
Why Invest
HEXANIKA is doing more than saving businesses time and money. We’re fixing a broken system in which even companies putting in maximum effort are bound to slip up.
We feel confident that our platform will permeate the market once more and more businesses see what our Smart tech is capable of.
Be Smart. Join us today.
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Hexanika
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Company | : | Hexanika, Inc. |
Corporate Address | : | 419 Main St Suite 200 North, Little Rock, AR 72114 |
Offering Minimum | : | $9,996.00 |
Offering Maximum | : | $1,069,992.00 |
Minimum Investment Amount(per investor) | : | $100.00 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 714 |
Maximum Number of Shares Offered | : | 76,428 |
Price per Share | : | $14.00 |
Pre-Money Valuation | : | $14,000,000.00 |
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 20% bonus shares
Super Early Bird Bonus
Invest within the first week and receive additional 15% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive an additional 10% bonus shares
Amount-Based:
$500+
Tier 1
Invest $500 and receive 2% bonus shares
$1,000+
Tier 2
Invest $1,000 and receive 5% bonus shares
$2,500+
Tier 3
Invest $2,500 and receive 7% bonus shares
$5,000+
Tier 4
Invest $5,000 and receive 10% bonus shares
$10,000+
Tier 5
Invest $10,000 and receive 15% bonus shares
The 10% StartEngine Owners' Bonus
Hexanika will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $14 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1,400. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail. Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Hexanika has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hexanika be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Dear Investors:
HEXANIKA would like to publicly address the StartEngine platform in regard to concerns related to the market valuation of the company and the dilution of shares upon the next financing round. Our $14M valuation is based on a prior funding round as well as calculation through the use of a 10x revenue multiple. While there are 1,000,000 shares currently outstanding, 642,579 additional shares will be issued and are due to convertible notes and employee sweat equity that will be converted to common shares. This conversion will only be triggered when we successfully complete a $2.5M financing round in the future. Please note that the pre-money market valuation does not take into account any outstanding convertible securities, this has been included in company securities as well as the valuation section. The Company currently has $830,071 in convertible notes outstanding.
Please feel free to reach out with any further questions regarding dilution, valuation, etc.
HEXANIKA signs a contract and partnership with one of the largest Fintech lenders for helping them to attain their strategic data journey via innovation. We look forward to building and taking this partnership to the next level.” - Hexanika CEO Yogesh Pandit
More on this in a later update!"
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