Vymex
Kyiv
About Vymex
According to the Startup Genome Report research today, 97% of companies do not live more than 3 years due to an inefficient combination of resources in the implementation of basic needs and management of project activities. Vymex is the first company in the world that is developing a resource that will allow users to effectively isolate the management of a company's basic needs into a single ecosystem. Basic needs are configured by ALL companies, and they do this by combining different software and tools (messengers, tables, documents, etc.). When scaling up, companies often integrate different ERP systems that combine tools to manage baseline needs and project activities. The Vymex application structure includes 4 products that perform all these functions easily. vHub - it includes functionality for creating and managing a company in a mobile app. Just create a structure and add other users to it. vCo-f - a product that helps you properly to own your share in the company, to keep track of development progress, make decisions by the entire membership of the co-founders and to add new ones by selling your share. vChat - messenger for communication within the ecosystem. Separates business communication from personal. Secure data encryption, fast download and file transfer speeds. vRise - A tool for creating CVs and job searches within the ecosystem. In the first commercial year, Vymex can be used by small companies of up to 50 people. Location and niche do not matter. Companies will pay for subscriptions depending on the size and number of structural units. This will be much more efficient than the current business management methods. The product system and the company design everything so that it sells subscriptions immediately to the global market. Released Beta application on IOS and Android. Now there are open tests by users (more than 500) and companies (more than 250). We also developed our own encryption protocol, which is used to implement the entire software architecture, which allows us to create a quality competition on the global market. We spent 14 out of the planned 19 months in active development. We estimated the intellectual property at 14.5 million hryvnias. There are 46 people on the team at the time of beta release. Round A is designed to attract private investment to develop a commercial version of products. This minimizes the risks for investors at an early stage and allows them to easily manage their assets in the future. Today, 0.1 to 10% of the company is for sale. Proposals for funds will be available after the release of the commercial version. We will develop the necessary legal structure and prepare the product to meet the planned results before the release of the commercial version. Project calculations are constantly being refined and developed. The company will start making a profit in 2024. The business model and products allow us to scale the company to a capitalization of $1.8 billion by 2030. Capitalization will start to grow as soon as we reorganize the company into a JSC and conduct the first round of funds. This will significantly increase the company's performance and provide funds to scale the model to the global market.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $1.0M
- Funding stage: Seed
- Last round: Seed (Dec 2021)
- Website: vymex.com
- Phone: +380 99-202-88-77
Industries & Categories
B2B, Information Technology, Software
Social Profiles
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