SalesBox - 20NINE TECH
AI sales and marketing software that uses artificial intelligence to help discover and engage customers to boost sales and loyalty.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | SEK15.0m | Seed | |
| Total Funding | 000k | ||
| SEK | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 21 % | 12 % | 23 % | (94 %) | (59 %) | 22 % | 400 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | 87 % | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 52 % | (3 %) | 46 % | - | (1099 %) | (800 %) | (20 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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20NINE TECH AB is a Swedish financial technology company that aims to bridge the gap between micro-retailers in emerging markets and the formal financial system. Founded by Andreas Lalangas, the company operates with a strategic headquarters in Stockholm, Sweden, which manages branding, marketing, and finance, while offices in Nairobi, Kenya, and Hanoi, Vietnam, handle sales, user activation, and product development, respectively.
The core of 20NINE's business is its mobile platform, Blipply, designed to provide seamless online and in-store shopping experiences. For its business clients, primarily micro, small, and medium-sized enterprises (MSMEs), the company offers a comprehensive business app that digitizes operations. This all-in-one solution includes features for bookkeeping, sales CRM, marketing automation, contract management with e-signing, and customer support ticketing. The platform can be integrated with other business tools like MS Teams, Google Workspace, and Mailchimp. The business model is subscription-based, offering affordable starter plans that allow businesses to scale as they grow.
A key aspect of 20NINE's strategy is its focus on financial inclusion in cash-dominant economies. The company utilizes an AI-driven credit scoring engine to help both retailers and their customers build creditworthiness. By analyzing transaction data from its digital payment system, which reduces the need for traditional bank cards, 20NINE enables access to credit for underserved populations. The company's growth strategy involves forming partnerships with banks and telecom operators to reach a wider user base. Significant milestones include a partnership with Kenya's largest bank and Africa's largest mobile payment provider to digitize MSMEs and address transaction costs, as well as expansion into Latin America and collaborations in the USA. In September 2022, the company secured 11 million SEK in external funding to support its international expansion.
Keywords: financial technology, micro-retailers, emerging markets, financial inclusion, MSME digitalization, AI credit scoring, digital payments, SaaS platform, Blipply, mobile banking, subscription business model, fintech partnerships, leap markets, underserved communities, small business CRM, bookkeeping app, sales automation, contract management, e-signing, operations digitalization