FinovateFall 2017 / cyber Productivity
Presenter Profile:
How they describe themselves: cyberProductivity is the leading provider of white label SMB accounting and cash flow management solutions for banks serving SMB clients. Helps banks acquire new business & loyalize existing SMB customers by offering a range of new services through a fully automated online accounting platform. First online integration at mBank, member of Commerzbank Group ($35 bn in assets). Over 2 million processed transactions, 50% new business penetration and high usage by SMB customers confirm the viability of the solution.
How they describe their product/innovation: The platform automates accounting processes, simplifies invoicing, payments, improves cash flow management in real time. Seamlessly accessible from a bank account, an intuitive interface saves the SMB user time with quick actions, easy cash forecasts and real time financial status of the business. Contextual cross-sell tools let the bank generate new revenues from factoring, loans, payments and other product sales faster than competition. MIT FinTech Future Commerce finalist. EFMA-Accenture Distribution & Marketing Innovation Award for the Best Service or Product.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contact
Bus. Dev.: Greg Mozdzynski, Business Development Director, greg@cyberproductivity.com
Press: Rafal Strzelecki, CEO, rstrzelecki@cyberproductivity.com
Sales: Artur Mojecki, Sales Director, amojecki@cyberproductivity.com
Website: cyberproductivity.com
Twitter: @cybProductivity
HQ: Palo Alto, CA
Founded: January 2015
Product Demoed: BBAP – Bank Branded Accounting Platform + cashDirector digital cash manager
Product Launch: February 2016
Metrics: First bank branded automated SMB accounting platform integrated with online banking, 60 FTE, +40 000 users, >2 mil. transactions, +50% new business; average no. of transactions +90%
Presenters: Rafal Strzelecki (CEO), Elisabeth Asirifi (Business Development Director), Robert Kaliszuk (CIO)
- Key Executive & Board Member
Rafal Strzelecki (CEO & Founder)
Key Stats
- Key Investors
VC Luma Investment, AI Technologies, Cyber Investment
- Key Advisory Board Members
Voytek Sievierski (Board of Directors), Jakub Karnowski (Board of Directors), Andrzej Horawa (Board of Directors)
- Key Partnerships
PwC, EY, mBank, Orange
- Key Customers
mBank (Commerzbank Group, $35 bn in assets), cyberProductivity’s platform integrated into online banking, adding new services for tens of thousands of SMB customers.
Orange, telecom carrier ($45 bn market cap) – cyberProductivity provides an accounting system integrated with the Orange Services Platform.
TMF Group – accounting & payroll global expert, with a network of offices across over 80 countries – cyberProductivity provides accounting robotic technology
EY – cyberProductivity provides accounting robotic technology