It is my pleasure to present to our existing and potential new investors this opportunity to participate in the next capital round for FileInvite, №14 in the FKA Portfolio since March 2018 following a successful raise of $1.1m.
Since then, James Sampson (CEO) and the team have successfully developed their product offering and grown their market share, tripling both customer numbers and revenue in that period, currently ~500 and ~$500k ARR respectively.
FileInvite is a document collection and management platform delivered to businesses through a SaaS (Software as a Service) model. It is based on cloud technology and facilitates the request of the documentation from third parties, handling data capture, electronic signature and all file chasing, transfer, conversion and storage activities.
With a strong growth trajectory, FileInvite is meeting the growing demand for a seamless client experience when supplying and collecting documentation, something which is now an expectation for a great client experience. The company expects growth to benefit even further in the future from strong global tailwinds of change around Data Privacy and Anti Money Laundering (AML) identity documentation requirements. FileInvite already has a number of well-known brands from NZ, Australia, US and UK as clients.
Phil Southward and Cornelius Boertjens have completed the follow-on DD Brief below which I would commend for your review. It gives an update on FileInvite's progress since the last capital round and an assessment of the future prospects.
The offer seeks to raise $1.0m on a Pre Money Valuation of $6.5m. The Directors of FileInvite including James (CEO and Founder) have unanimously committed to support and invest in this round as have the two DD team members and one employee shareholder. Collectively the DD Team and myself have committed a further $125k to this round, doubling down on our original investments.
For more information, please, read the DD Brief or contact me directly. If you wish to invest in this round, please, give your commitment in the linked form.
Nothing on this page or linked on from this page constitutes legal, tax or financial advice. The information contained herein is not comprehensive and is selective, and does not contain all the information that a prospective investor may require to evaluate a decision to invest and the risks associated with that investment. In making a decision to invest, prospective investors must rely on their own examination of the information contained in this report as well as such other information as they may consider relevant. This page and the DD Report gives background only on the findings and opinions of the DD Team as of the date of publication with respect to a proposed funding round of the company. This is not an investment prospectus, it does not provide financial advice, and it must ONLY be shared with organisations and individuals so entitled under the Financial Markets Conduct Act 2013.
All information referenced on this page, in the pitch video and the DD report are strictly confidential. Access to this page does not transfer the right to share any information it contains or references. Only the company or FKA are authorised to share this page at their discretion with potential co-investors.