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Automate Boring Work Pitch
1. METAMAZE
AUTOMATE THE BORING WORK!
Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
DIGITAL FINANCE SUMMIT– FINTECH PITCH BATTLE
4 OCTOBER 2022
NIELS VAN WEERELD – CEO
N.VANWEERELD@METAMAZE.EU
4. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
The right solution is…
scalable
Growing number of different documents
raises the need for general solutions. Niche
solutions only result in scattered IT
landscape.
flexible
able to adapt to company-own processes
and seamlessly integrates with other
(legacy) solutions and tools.
easy to deploy and maintain
intuitive software that brings the power of AI to
the fingertips of former data-entry teams, having
the ability to maintain it themselves.
intelligent
Unstructured data and unlimited unstandardized
formats are growing year over year.
5. That’s why we have
built Metamaze
Employer name
Estimate total excl VAT
Bank account number
Shipper name
...
Certificate of origin
Receipt
Payment slip
Automatical classification and data extraction
from documents and emails.
• Able to mimic human behavior thanks to articial
intelligence
• Self-learning pipeline
• Intuitive, no-coding IDP-platform
(Ingelligent Document Processing)
• Able to be used for any kind of document
6. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
How we do this... 10-40% more accurate
Metamaze is built on data-centric AI. By implementing active
learning in the form of feedback-loops and deep learning engines,
our models become more accurate over time. Our R&D efforts into
proprietary AI algorithms focus on accuracy.
4x faster onboarding
Our data-centric AI approach also results in faster production-ready
models by only using data that is needed to train the model. This
eliminates unnessarily training time and human efforts. Onboarding
new customers and projects takes less than 1 week, on average.
We benchmarked ourselves against Google,
Microsoft and Amazon… Guess who won?
Read report here.
We want to be the most accurate IDP technology that is built for any
industry and use case. We focus on the most complex and custom cases
and want to be the fastest to onboard and support them.
507
Different Document
Types Supported
2.947
Different Entities
Supported
50+
Different Use
Cases Supported
7. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
Case deep dive
Europ Assistance is one of the market leaders when it comes to insurance
and assistance. The company sells everything from travel insurance to
roadside assistance to house and family assistance in for more than 200
countries.
PROBLEM
Europ Assistance was putting a lot of time and effort in processing
incoming communications from all different kind of channels and
stakeholders. A data-entry team was processing all these communications
manually.
SOLUTION
Now they have Metamaze to support them. All incoming communications
are classified, information is extracted and forwarded to one of the 64
different internal departments.
“Since we started the project at the end of January, the
results are in line with the business case that was
drafted. At the moment, 72% of the documents in scope
are automated.”
Nicolas Hulpiau – Facility manager
Read the full testimonial and video interview here (click)
THE CASE
• Mailroom automation
• Multiple FTE savings
• 81% accuracy (Average F1)
• 72% STP Rate (Overall)
• 100k pages / month
• 57 document types
• 119 entities
• 2 Custom business rules
8. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
Case deep dive
Axa (part of Crelan Group) is one of the front-running banks in Belgium
that focuses mostly on helping clients, both retail as SME customers, with
their loan applications. AXA Bank recently got acquired by Crelan Bank,
doubling the volume of documents to be processed by Metamaze.
PROBLEM
Loan application processes are document-intensive. Axa realized that
streamlining the loan application and approval process would not only free
up their back-office, it would also improve customer experience.
SOLUTION
Thanks to Intelligent Document Processing, AXA manages to process the
same amount of loan application documents with less than 50% of the time
and effort.
“We managed to double our productivity thanks to
Metamaze.”
Herbert Vanlommel – Head of Credit operations Axa
THE CASE
• Loan verification automation
• 50% time saved
• 97% accuracy (Average F1)
• 76% STP Rate (Overall)
• 500k pages / month
• 22 document types
• 135 entities
• 16 Custom business rules
Read the full testimonial here (click)
9. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
From idea to mature company
in less than 2 years.
Mentioned by Gartner as only
mature IDP vendor in the Benelux
Awarded as Tech Start-up Of The
Year 2022
• Started as a solution for a real customer problem
• Productized in 2020 as Metamaze
• 2021: product-market fit | 2022: go-to-market
• From 8 to 30 people
• 40+ licensed clients
• 10-40% more accurate | 4x faster onboarding
• On track to achieve 160% ARR growth (1.2m ARR)
We benchmarked ourselves against
Google, Microsoft and Amazon…
Guess who won?
10. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
Scalability of our business model
161,4K
eur
LTV (ytd)
203,6K
eur
LTV (FY22 Target)
31,5K
eur
CAC (ytd)
22,5K
eur
CAC (FY22 Target)
5,21
LTV : CAC Ratio
(ytd)
9,1
LTV : CAC Ratio
(FY22 Target)
The ratio of lifetime value to customer acquisition cost
helps you determine how much you should be spending to
acquire a customer. Calculating this ratio will show if
you’re spending too much per customer or if you’re
missing opportunities from not spending enough.
Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
11. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
Focus for 2023
and beyond
NORTH
AMERICA
NORDICS
SCALE LOCALLY
EXPAND GLOBALLY
Focus on partnerships
Partnerships will be vital. We need to scale our
sales reach as well as delivery capabilities.
Investments in the partner program will be
doubled.
Forge technology alliances
We want to further leverage the power of our
technology, through tech alliances. Our platform is
built to integrate which makes it the best IDP
component for other technology vendors.
2021 was about product-market fit.
2022 is about building trust, track and processes
2023 will be about exponential growth, across borders.
Prepare the tech
Scaling rapidly across the globe means the product needs to
be ready. Functionally as well as technically. Our Product
Strategy is further finetuned based on our ICP, geography and
GTM strategy.
12. Confidential and Proprietary. Copyright (c) by Metamaze BV. All Rights Reserved.
A mature product,
built on experience.
+25 team members
+50 use cases
Mentioned by Gartner
as only mature Benelux IDP provider
Tech Start-up of the year 2022
by Datanews