KapitalWise

AI powered insights for financial institutions

KapitalWise

AI powered insights for financial institutions

New York, NY
Data/Analytics
Financial Services
KapitalWise is a FinTech company providing client relationship solutions to financial institutions to enable them to increase efficiency and user experience. Our platform analyzes data from a variety of sources with the goal of identifying life, financial and credit events to help financial institutions engage with customers at the moment they need the service the most.

$278,342

raised
397
Investors
$15M
Valuation
$1.47
Price per Share
$249.90
Min. Investment
Common
Shares Offered
Equity
Offering Type
$433K
Offering Max
Reg CF
Offering

$278,342

raised
397
Investors
$15M
Valuation
$1.47
Price per Share
$249.90
Min. Investment
Common
Shares Offered
Equity
Offering Type
$433K
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into KapitalWise:

$249+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Silver Tier
Access to KapitalWise quarterly investor update emails to stay up to date on new product launches, partnerships, customer lists, and team updates.
$1,000+
Investment
Gold Tier
KapitalWise T-Shirt + Access to KapitalWise quarterly investor update emails + 5% bonus shares.
$5,000+
Investment
Platinum Tier
Gold Tier + 15% bonus shares.
$10,000+
Investment
Diamond Tier
Gold Tier + 20% bonus shares.

Reasons to Invest

We’ve seen YoY revenue growth of 150% from 2018-2019, and have secured early contracts with Bank Of America, Standard Chartered Bank, and ABSA in addition to partnerships with Finastra and ICBA
A team with over 150 years of combined experience guiding FinTech development, data science, and business development
The market for FinTech (already $127.66B globally) is predicted to become a major disruptor for the wider financial market space

Overview


Taking financial institution relationships into the digital age

With KapitalWise, financial institutions will be able to seamlessly integrate their customer relationship operations with a pool of relevant information and indicators that will increase efficiency and overall sales while improving the customer experience. So far the company has signed agreements with major banks including Bank of America and Standard Chartered Bank UK and ABSA (formerly Barclays South Africa). The company also has multiple letters of intent from mid-market banks within the US and has signed partnership agreements with ICBA and Finastra. 


The finance industry looks at FinTech as the obvious progression for the next market segment to take off, with many of the largest financial institutions hedging their futures by investing in FinTech. COVID-19 will change the way people bank forever and financial institutions will ‘double down’ on digital solutions

The Problem


8 in 10 consumers would switch financial institutions for a better experience. 

As Millennials and Generation Z come of age, they’re expecting a seamless user experience on par with all of the other technology they are used to. The financial institution industry’s evolution into the digital era has sparked plenty of growth and increased efficiency, but we believe it has failed to find a way to improve those client relationships that are valued so highly now.


This has resulted in a significant first-year churn rate for new customers hovering around 20-25%. In order for financial institutions to truly keep up with the modern-day customer, we believe they need to customize and personalize their customer experience - empowering the individuals to feel in charge of their finances.

The Solution


The KapitalWise SaaS platform uses AI to hyper-personalize customer engagement

KapitalWise has built a platform that aims to help financial institution relationship managers elevate their work, with new and relevant insights into their client’s financial life and recommendations for how to best help customers achieve their financial goals.


Managers can use this platform and their improved understanding of their clients to upsell and cross-sell appropriate products and services.


Financial institutions can also use our platform for marketing and other insight-driven operations. 


We’ve created a way to extract behavioral insights from financial information on a massive scale. We believe that with the insights we can provide, financial institutions will be able to create the customer experience that everyone wants.

The Market


The $1.5T finance and insurance industries are ripe for disruption

The FinTech industry is already a major contributor to the global financial sector, but Goldman Sachs analysts have predicted that it may eventually disrupt up to $4.7T of the revenue now stemming from traditional financial services.


Credit Unions and Banks are hyper-aware of this trend, and how important these tech solutions have become to their businesses: 60% of credit unions and 49% of banks say they believe that a partnership with a FinTech firm is important.


And among the big players like Goldman Sachs and Citigroup, diversifying some of their investments in FinTech has become a way to future-proof their portfolio.

Our Traction


Over $500K in seed funding from investors, and Techstars accelerator

In just a few years since our founding in 2017, KapitalWise has graduated from the Barclays Techstars and Fintech Innovation lab and received over $500K from investors and accelerators like Techstars, Breega Capital,  and the Independent Community Bankers of America (ICBA).


We already have paid evaluation contracts signed with Bank Of America, Standard Chartered Bank UK and Barclays South Africa (ABSA). Additionally we have a Letter of Intent from one of the top US digital banks, as well as innovation and sales partnership agreements with Finastra, ICBA, and Barclays Rise.

From 2018 to 2019 we’ve seen year-over-year revenue growth of over 150%.


What We Do


Our AI-enabled platform detects a consumer’s characteristics and preferences to help their financial institution 

KapitalWise has developed an artificial intelligence (AI)-enabled platform that analyzes transactional data with the goal of detecting a consumer’s characteristics and preferences, predicting their future cash flow, and detecting changes in their financial condition. By predicting and recording these events, we help financial institutions identify and link customers to appropriate products and services. This data can also be used by financial institutions to better help their customers reach their financial goals.

Our algorithm uses proprietary models, with inputs from first-party bank data (call center, bill pay, and customer profile data), KapitalWise-gathered open web data (weather information and census data), and third-party data (credit scores).


With the combination of all of this, we’ve been able to open new doors to understanding consumer behavior.

The Business Model


B2B model with volume-based pricing

We are pursuing a B2B model for our distribution.


By utilizing volume-based pricing we charge $1.80 to $3.00 per account per year, as well as additional fees for FICO and credit inquiry access.


We also charge an installation fee for onsite installations which range from $150K to $300K.

How We Are Different


A proprietary algorithm that looks forward

KapitalWise utilizes a proprietary algorithm powered by AI and ML that actively detects and predicts upcoming events and changes in the lives of the bank’s customers, and in doing so, enables financial institutions to fit their sales and management tactics to each individual. 

We have a unique third party product detection algorithm that helps financial institutions detect third party products subscribed to by their customers.


We believe that our technology is truly more effective than everything else on the market.

The Vision


The future of digital relationships for financial institutions

In the next five years, our goal is to become the market leader in financial institution customer engagement. 


We know that the future of financial institution relationships is digital, and with an accessible, affordable (to mid-market banks), and highly effective platform, we believe that we can lead the way.

OUR LEADERSHIP


Experts in financial product development, data science, and machine learning

Sajil Koroth is a serial entrepreneur who has left his mark on brands like Oracle and LearnVest (where he was the lead engineer), and founded two FinTech startups in New York.

Raymond Tuckler was a founding member of the OnDeck sales team, personally originating $150M in new business. Before KapitalWise, he was the Director of Sales at Exponea.

Paul Stamoulis is an experienced banker and investor, and a veteran of retail and investment banking. Before KapitalWise, Paul held various senior roles at ScotiaBank and TD Bank.

Why Invest


An excellent product backed by an experienced team in an in-demand market space

The FinTech market has become one of the most interesting and important sectors of finance in recent years, as everyone is looking for the next piece of tech that can give them an edge over their competitors.


We believe our proprietary algorithm is going to be a game-changer for the financial institution relationship manager.


Our team has done this before and is tapped into this industry. With three paying customers — including ABSA (formerly Barclays Africa Group) — we believe we have proved that our product is filling a gap in the market.

In the Press

Forbes
January 1, 2017

Community Banks Met The Challenge Of The SBA’s PPP Funding

Independent Banker
January 1, 2017

What do fintechs say is next for the industry?

AlleyWatch
January 1, 2017

This NYC Startup Empowers Financial Institutions to Predict Customer Need With AI

Finastra

Finastra powers retail banking innovation with four new fintech apps on FusionStore

Offering Summary


Company

:

KapitalWise, Inc.

Corporate Address

:

43 West 23rd Street, New York, NY 10010

Offering Minimum

:

$9,998.94

Offering Maximum

:

$432,997.32

Minimum Investment Amount

(per investor)

:

$249.90











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

6,802

Maximum Number of Shares Offered

:

294,556

Price per Share

:

$1.47

Pre-Money Valuation

:

$14,988,458.10











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 72 hrs and receive an additional 20% bonus shares.

Very Early Bird Bonus

Invest within the first week and receive an additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

Amount-Based:

$500+ | Silver Tier

Access to KapitalWise quarterly investor update emails to stay up to date on new product launches, partnerships, customer lists, and team updates.

$1,000+ | Gold Tier

KapitalWise T-Shirt + Access to KapitalWise quarterly investor update emails + 5% bonus shares.

$5,000+ | Platinum

Gold Tier Perk + 15% bonus shares.

$10,000+ | Diamond Tier

Gold Tier Perk + 20% bonus shares.

The 10% Bonus for StartEngine Shareholders

KAPITALWISE, Inc., 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 $1.47/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $147. 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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

*All perks occur when the offering is completed.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$66,893.00 USD
$174,544.00 USD
Cash And Cash Equivalents
$9,893.00 USD
$60,544.00 USD
Accounts Receivable
$57,000.00 USD
$0.00 USD
Short Term Debt
$26,630.00 USD
$14,033.00 USD
Long Term Debt
$197,850.00 USD
$147,850.00 USD
Revenues And Sales
$79,000.00 USD
$30,800.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$197,123.00 USD
-$110,187.00 USD

Risks

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.


Updates

Europe's top VC firm invests in KapitalWise

5 days ago

Additional Investment update: Europe's top Fintech VC, Breega has extended its investment in KapitalWise by participating in our current round. Breega manages a total of $258.8M across 3 funds, their latest being Breega Fund III


Receiving additional investment from one of the top Fintech VC funds shows the potential of our platform to revolutionize banking digitalization. For all you new folks following us, please consider joining this round to help to fuel our expansion in the coming years. 


Thanks,

Team KapitalWise

KapitalWise Launches no-code customer engagement platform for banks and Fintechs

11 days ago

Hi,


We are excited to announce the launch of our no-code platform. This platform will enable financial intituions to build complex customer engagement workflows without writing code.

With our best-in-class AI, analytics, and marketing templates, banks and fintechs can now reach out to their customers at the best time with the right message and market-proven customer engagement experience.

https://kapitalwise.com/docs/saas-launch.html


Thanks,

Team KapitalWise

Notice of Material Change in Offering

14 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the KapitalWise offering. Here's an excerpt describing the specifics of the change:


KapitalWise extended its campaign and updated its indebtedness section.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Funds Disbursement

25 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KapitalWise 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 KapitalWise 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

Partnership with Japan External Trade Organization and Deloitte Touche Tohmatsu

about 1 month ago


We are excited to announce our partnership with Japan External Trade Organization and Deloitte Touche Tohmatsu through the INBOUND PROGRAM. This partnership will provide opportunities for KapitalWise to work with Japanese VCs and financial institutions. 

https://x-hub.tokyo/en/startups_inbound


Thanks,

Team KapitalWise



Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KapitalWise 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 KapitalWise 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

Notice of Material Change in Offering

2 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the KapitalWise offering. Here's an excerpt describing the specifics of the change:


Kapitalwise extended its campaign.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Startups are changing banking with AI

3 months ago

As fintech startups are expanding to change banking with AI, demand for a safe digital platform where customers' needs for accessing, saving, and investing their money have been met. Whether it's front-office conversational banking or middle-office risk management, the financial services sector is adapting to new technologies.




We have compiled a list of 37 startups that are changing the banking industry.


Read the full article here: https://bit.ly/2ITkpqO


Thanks,

Team KapitalWise

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KapitalWise 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 KapitalWise 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

MassChallenge FinTech 2021and OTP Startup Partner Program

3 months ago

Hi All,

We are excited to announce that KapitalWise has been selected as a semi-finalist for the MassChallenge FinTech 2021and OTP Bank Startup Partner Program. This opens up a potential opportunity for KapitalWise to work closely with a few of the largest financial institutions, including OTP Bank, Fidelity, Citizens Bank, AARP, and MassMutual.

https://masschallenge.org/programs-fintech

https://otpstartup.com/


Thanks,

Team KapitalWise

$150K+ invested, 231 investors, and 532 followers

4 months ago

Hi All,


We now have over $160K invested, 233 investors, and 532 followers. Thanks to everyone for helping us reach these milestones.


We'd love your help to fuel our expansion. Please share the campaign with your friends and family: https://www.startengine.com/kapitalwise


As we are coming out of the COVID, financial institutions are budgeting more $$ towards digitalization 2021. More exciting updates coming soon!

Best,

Team KapitalWise

Notice of Material Change in Offering

4 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the KapitalWise offering. Here's an excerpt describing the specifics of the change:


KapitalWise extended its campaign.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

KapitalWise Article Featured on Benzinga

5 months ago

How can financial institutions make use of AI in financial inclusion and financial literacy? KapitalWise CEO and Founder Sajil Koroth gives us an overview of banking and how services have shifted in a recent Benzinga article.


Thanks,

Team KapitalWise




Company Spotlight - KapitalWise featured on Barclays Innovation portal

5 months ago

Excited to get featured on the Barclays Rise innovation portal. We are very proud of our Barclays innovation partnership. 


https://rise.barclays/rise-stories/kapitalwise/


Thanks,

Team KapitalWise

RFP Response Submitted for a multi-year contract with one of the largest LATAM Banks

5 months ago

Hello,


We are excited to be invited to submit a proposal for a multi-year contract with one of the largest Latin American banks. This proposal is for the customer-facing financial wellness tools offered by KapitalWise. This is one of the last steps in finalizing a multi-year contract.  

KapitalWise is one of the two vendors the bank is considering to offer this contract. Fingers crossed! We will keep you posted.


Best,

Team KapitalWise

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KapitalWise 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 KapitalWise 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

Future of Fintech Innovation: Roadmap for the New Normal

5 months ago

Interested in learning how innovative Fintech and banks are preparing for the “new normal” post-COVID?

KapitalWise is holding a webinar on Wednesday, October 7th at 3 PM EST/12 PM PST that will feature four experts in the financial services and banking industry. We will also discuss how startups, traditional banks, and challenger banks are navigating through the pandemic and preparing for the new normal. 

Want to learn more? 

Click here to register for free: https://bit.ly/2G1Umf


Thanks,

Team KapitalWise

KapitalWise investor webinar recording

6 months ago

Hi All,


As promised, we have recorded last Thursday’s webinar for anyone who missed us live. The content discussed begun with an introduction, company presentation, demo, and Q&A. You can access the cloud recording here: 

https://www.youtube.com/watch?v=O6ANKilMhrk


Thank you for your support,
KapitalWise Team

KapitalWise investor Webinar Reminder

6 months ago

We would like to remind you about tomorrow's investor webinar hosted by KapitalWise. The webinar will be hosted on Zoom tomorrow at 11 AM PST and open to anyone interested in an investment opportunity or a better understanding of our company, KapitalWise.

We will give an investor update on what we’ve been working on, showcase a demo and presentation of our services, and wrap up with a live Q&A session with Founder and CEO, Sajil Koroth.

Need a calendar reminder? Click the link below to add the webinar event to your calendar.

Add to Google Calendar  

Add to Outlook  

Add to iCalendar

Webinar Zoom: https://us02web.zoom.us/j/84907488300


Thanks,

Team KapitalWise 

Updated content - KapitalWise LIVE Q&A with the founder Sajil Koroth

6 months ago


Join us on Thursday, September 10th at 11 AM PST where we will host an info session and LIVE Q&A with KapitalWise! 

Hear from Founder and CEO of KapitalWise, Sajil Koroth, where he will share how the KapitalWise platform helps financial institutions to increase efficiency and user experience. 

We will also be addressing any questions about the crowdfunding campaign.

Add to Google Calendar   

Add to Outlook  

Add to iCalendar

Webinar Zoom: https://us02web.zoom.us/j/84907488300


Thanks,

Team KapitalWise

KapitalWise LIVE Q&A with the founder Sajil Koroth

6 months ago



Join us on Thursday, September 10th at 11 AM PST where we will host an info session and LIVE Q&A with KapitalWise! 

Hear from Founder and CEO of KapitalWise, Sajil Koroth, where he will share how the KapitalWise platform helps financial institutions to increase efficiency and user experience. 

We will also be addressing any questions about the crowdfunding campaign.

Register for the webinar HERE -> https://us02web.zoom.us/webinar/register/WN_yli4UmSXS6iSROqe-vA8WA


-Team KapitalWise

Our new product explainer video is live now!

6 months ago

Thank you for the continued support. We recently launched our product explainer vide for bank executives. 


KapitalWise product explainer video


-Team KapitalWise

Notice of Funds Disbursement

6 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KapitalWise 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 KapitalWise 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

KapitalWise on Benzinga

7 months ago


Our founder and CEO Sajil Koroth chat about the "New Normal" in banking and why going digital is not an option for banks anymore. 


We have raised over $50k in the first 7 days!

7 months ago

A quick update for everybody: With $53,859.00 raised so far, we’re off to an amazing start and we couldn’t be happier!

A big thank you to all of our investors in this campaign for getting us here and a warm welcome to all new investors. We're excited to have all of you as part of the KapitalWise team!

For the followers of our campaign who are monitoring our progress, please consider investing to help fuel our expansion. 

Please stay tuned for our next update.

-Sajil Koroth

CEO, KapitalWise

Show More Updates End of Updates

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}