Alyne

regtechauthentication and fraud preventioncompliancerisk management

FOUNDING YEAR: 2015
LOCATION: Germany
Last Update: 01/05/2020

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About

Alyne is a Munich based B2B RegTech offering organisations Cyber Security, Risk Management and Compliance capabilities through a Software as a Service. Our unique proposition is built on a combination of providing a curated content library crafted by industry experts and highly usable functionality at an extremely competitive price. The four founders have worked together for 10 years in the specific area of Alyne’s offering in consulting and industry positions. They share a passion for smart technology solutions and excellent design. Alyne entered a rapidly growing market in March 2016 after a 9 month development phase. The service competes with established GRC software vendors with antiquated and expensive solutions as well as consulting services with skilled, yet costly resources. Through a combination of structured enterprise sales, digital marketing and white labeling, we aim to grow revenue to 14m EUR by 2020. The company is self funded and owned by the founders. We are looking for a B2B focussed partner with strong relationships to industry and later stage investors alike to accelerate our growth.

MEDICI Analysis

Alyne is a RegTech-offering software-as-a-service organization that provides risk insight capabilities. It claims that its unique proposition is built on a combination of providing a curated content library crafted by industry experts and highly usable functionality.

Focus

PRODUCTS & SERVICES

Alyne provides organizations with deep content, rich context, and usability to digitalize cybersecurity, risk management, and compliance. Product features include a comprehensive library, adaptable controls, hot topics, user engagement, etc. It also provides risk library, smart assessments, detailed reporting, and publishing functions.

REVENUE MODEL

Per-Usage with pre-paid and subscription options (minimum buy-in: 20.000 EUR, then scaling from SME to large corporations)

MAIN CLIENTS

Barclays

Allianz

Aareal

Solaris Bank

Viridium Gruppe

Deloitte

Ledvance

Haufe

Optiopay

Ipsec

Cologne Intelligence

Secrays

Be Assured

PRIMARY PROBLEM SOLVED

RegTech, Cyber Security, Risk Management, Compliance

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$100k - $499k

REVENUE COMMENT:

Aiming for 50-100k MRR by mid-year.

NUMBER OF TRANSACTIONS:

7.00

TRANSACTIONS VALUE:

20 K

TRANSACTIONS COMMENT:

several other customers in last phases of negotiation

ACTIVE USERS:

1000

ACTIVE USERS COMMENT:

This includes also trial users

People

FOUNDERS

Karl Viertel

Manuel Reil

Stefan Sulistyo

Matthias Danner

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

Myriam Huber

COMMENT:

Alyne’s founders are security professionals who have worked together for 10 years,share a passion for smart solutions,great design. At the core of starting Alyne has always been the desire of the four founders to work together on our own venture. The founding team share common career paths, starting at Accenture where we learned to effectively structure undefined problems,professionally deliver IT projects. We later gained in depth security,technology risk management expertise by rising to senior executive positions at Deloitte & Touche,Sky Deutschland respectively. While we share common passions,have developed highly compatible,synchronised styles of working, we also each bring unique yet complementary skills to Alyne. We are supported by a team of very talented working students on site,delivery partners around the world.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€3.5 M

USES OF FUNDS RAISED:

1. USA entry

2. Investment into AI/ML capabilities

EXIT STRATEGY

Commercial sale to incumbent or IPO

MONTHS LEFT WITH CURRENT CASH BURN RATE:

8 months from 13 Aug, 2018

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

Germany

Views:

349 VISITORS | 1120 VIEWS
TOTAL EMPLOYEES
1-10

About

Alyne is a Munich based B2B RegTech offering organisations Cyber Security, Risk Management and Compliance capabilities through a Software as a Service. Our unique proposition is built on a combination of providing a curated content library crafted by industry experts and highly usable functionality at an extremely competitive price. The four founders have worked together for 10 years in the specific area of Alyne’s offering in consulting and industry positions. They share a passion for smart technology solutions and excellent design. Alyne entered a rapidly growing market in March 2016 after a 9 month development phase. The service competes with established GRC software vendors with antiquated and expensive solutions as well as consulting services with skilled, yet costly resources. Through a combination of structured enterprise sales, digital marketing and white labeling, we aim to grow revenue to 14m EUR by 2020. The company is self funded and owned by the founders. We are looking for a B2B focussed partner with strong relationships to industry and later stage investors alike to accelerate our growth.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Alyne is a RegTech-offering software-as-a-service organization that provides risk insight capabilities. It claims that its unique proposition is built on a combination of providing a curated content library crafted by industry experts and highly usable functionality.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Alyne

About

Alyne is a Munich based B2B RegTech offering organisations Cyber Security, Risk Management and Compliance capabilities through a Software as a Service. Our unique proposition is built on a combination of providing a curated content library crafted by industry experts and highly usable functionality at an extremely competitive price. The four founders have worked together for 10 years in the specific area of Alyne’s offering in consulting and industry positions. They share a passion for smart technology solutions and excellent design. Alyne entered a rapidly growing market in March 2016 after a 9 month development phase. The service competes with established GRC software vendors with antiquated and expensive solutions as well as consulting services with skilled, yet costly resources. Through a combination of structured enterprise sales, digital marketing and white labeling, we aim to grow revenue to 14m EUR by 2020. The company is self funded and owned by the founders. We are looking for a B2B focussed partner with strong relationships to industry and later stage investors alike to accelerate our growth.

Focus

PRODUCTS & SERVICES

Alyne is a smart, social and accessible B2B RegTech software as a service providing Cyber Security, Risk Management and Compliance. Entry barriers for small and medium businesses for cyber security are too high, existing legacy software is inadequate and expensive. Risk management and compliance is too costly for large corporations and inefficient. A new kind of solution needs to digitise these domains. SMART Comprehensive, concise and adaptable controls and risk library – crafted by industry experts. Our solution provides actionable decisions and context. SOCIAL An open, interactive and inclusive platform – a place for stakeholders to collaborate. Alyne enables teams to define common rules and ensure effectiveness. ACCESSIBLE For organisations, industries and devices of all shapes and sizes. Alyne seamlessly and effortlessly connects extended organisations.

REVENUE MODEL

Per-Usage with pre-paid and subscription options (minimum buy-in: 20.000 EUR, then scaling from SME to large corporations)

TOP PROBLEM SOLVED

RegTech, Cyber Security, Risk Management, Compliance

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Alyne is currently self funded and owned entirely by the four founders. Through a combination of structured enterprise sales, digital marketing, white labeling and responder lead generation, we are looking to grow our business to 14m EUR by 2020.

KEY DIFFERENTIATORS

Alyne outperforms the solutions market in content and undercuts the service market in price. We are entering a rapidly growing market and are positioned between established GRC software vendors and various consulting services. Our credit based, usage oriented pricing model and significantly lower entry price compared to our competition will provide a compelling offer for our customers from small businesses to large corporations.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

White label

Back Office

STRATEGIC CLIENTS AND PARTNERSHIP

Allianz : Customer

Deloitte Germany : Customer

Cologne Intelligence : Customer

secrays : Customer/Partner

Deloitte Australia : Customer

SolarisBank : Customer/Partner

People

FOUNDERS

Karl Viertel

Manuel Reil

Stefan Sulistyo

Matthias Danner

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Karl Viertel

CTO, FOUNDER: Manuel Reil

CMO, FOUNDER: Stefan Sulistyo

COO: Stefan Sulistyo

CRO: Stefan Sulistyo

Operations: Myriam Huber

FOUNDER: Matthias Danner

TEAM COMMENT:

Alyne’s founders are security professionals who have worked together for 10 years,share a passion for smart solutions,great design. At the core of starting Alyne has always been the desire of the four founders to work together on our own venture. The founding team share common career paths, starting at Accenture where we learned to effectively structure undefined problems,professionally deliver IT projects. We later gained in depth security,technology risk management expertise by rising to senior executive positions at Deloitte & Touche,Sky Deutschland respectively. While we share common passions,have developed highly compatible,synchronised styles of working, we also each bring unique yet complementary skills to Alyne. We are supported by a team of very talented working students on site,delivery partners around the world.

Momentum

FUNDED

NO

TOTAL FUNDING:

$1.5 M

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed May 2017 Alstin Talanx Group