 Let me ask all of you managers and entrepreneurs out there. Who loves to do paperwork? Nobody loves it. All companies all over the world. They struggle with it and Administration there's huge amounts of it. There's employee contracts. There are leases. There's insurance. There's Board meeting minutes and all of this stuff is critical. You have to have it. You need it for audit You need it for due diligence And you might think that your accountant can help with this and they would probably love to but they don't have the tools to do it so what we have built is a platform that The SMEs can create these documents for themselves So they become legally correct or they can call up their accountant and say hey Please help us with this and better yet the accountant keeps track of what all is going on and can call the customer up and say Hey, we can help you with this So for the accountant, this is a new revenue stream and at the same time they tie their customers loyal more loyal to them Now they desperately need this new Revenue because automation is chewing away on their top line Now for the smaller company they get all the paperwork in order all the time now Here's a few examples. We visualize your year So we drop in your board meetings all the admin that you want to do or the accountant does it for you We automate the generation of all complicated documents not the high-end difficult M&A stuff, but all those basic stuff that you have to get done, but are pretty simple to solve and For the accountant with they get a view of what is going on and what is not so they can call you up and say Hey now you need some help. Let us do it Administration is a huge business in the EU alone. This is an eight billion euro market This is a blue ocean as well because we don't have System that the accountants use at the moment, so we're not replacing anything our revenue model is Free for the companies But the basic subscription is something that the accountant pays a small sum when get into more complicated stuff Like board reporting and due diligence is then the companies pay a little fee But the biggest cake is for us when the accountant gets new revenue because then we get a little slice of the deal there We have traction. We have 101 paying customers. We have three partners that give access to their customers We have a kick-ass team. We did an angel round So we have good investors and good advisors on board and now we're raising 500,000 for further development. We're gonna leverage it, of course Especially focusing on the onboarding of new customers sales and some development of the product as well. Thank you And thank you Rasmus. Thank you time for the questions So you're raising 500k yes In the newsletter from Fibon that I received today says you're raising 250 So who's you just upped it? You doubled it now that I said leveraged So we hope to get half of that from decades or I understand. Yes. Sorry very good The next one are you sure that accountants are the most tech-savvy partners for you? Have you considered working with some of the I mean law firms? I've seen some of them who are actually quite advanced in use the use of IT and they already have some services like this I've considered it. Yes, we have a natural avenue because we already have a partner network there But these are very basic stuff for for a law firm So I'm not sure how interested they are but definitely in the Swedish market It's the other way around law firms do the more basic stuff as well. So definitely. Yes I mean many law firms would like to have a subscription like a recurring revenue type of Business model and this I mean there are some cases for instance Finland where lawyers are doing that already and Some of the the accountants the accountants don't want to do stuff like this in that case Yes, it's the revenue for somebody else, which is most probably a law firm To two quick questions. So one, you know, how How automated is the is the kind of document creation piece and to where are you getting the content from? So are you partnering with law firms to make sure that even the board minutes are like, you know Legally binding and everything's correct. So how much does it have to be tailored each time and then the second one? Why are you getting the content? Yeah, so we have law legal help on board. So that's part of the team Most of this is it's again. It's basic stuff. It's 80% that does that's like all of most of it So an employment contract in most cases is very simple So yes, we fill in the details of the law stuff and then you have like the name and whatnot That is missing and we can tailor that for each market and for each language So it's separate from the platform itself and those parts that are more complicated They are separated out and it goes to the law firm They can comment it to correct it and it comes back in and it's a part of the contract or part of the board meeting minutes Are you gonna rate the suppliers? Quality control. Oh, that would be so nice, but we need to get some more of them first But yes, that would that would be very nice So do you integrate with docusign or hello sign or those kind of platforms or do you have your own digital signature platform? No, we integrate. Yes, and the problem is that we would like to use the finished system But that simply does not work outside. So so yeah, so we're not gonna go there Can you just elaborate a bit more on where you're gonna take yourself with this funding and sort of where do you see yourself? How far can you go with this with this funding? Yeah, obviously we need to develop the product as well But I think the biggest issue for for market entry in this is getting over the empty table issue So if you log in and there's nothing there, then you get a feeling you have to do everything So we want to do a very extremely good onboarding when we sort of open it to everybody So now we do the onboarding by hand Could you tell us a little bit more about yourself and your team and how you sort of stumbled upon this problem? Yeah, so I'm a serial entrepreneur. I have done one exit Ansi who's our CTO has 15 years of FinTech architectural experience and then we have lots of support from different areas and we have a few coders on team as well and What about the kind of international expansion? Is this gonna be kind of jurisdiction specific because of the laws of each jurisdiction? No, no, yeah The stuff will be it is but that's content So we have to change the language of course We also have to change the judicial system, which is but we're already doing that We already have three three languages and we're now looking at Stockholm. We have some partners there. So and thank you Very interesting discussion gentlemen, but we have to move on. Thank you