Canopy

wealthtech-retailother investments platformbig data analytics

FOUNDING YEAR: 2013
LOCATION: Singapore
Last Update: 19/01/2021

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About

Mesitis is a Singapore based award-winning financial technology solutions development company focused on the private wealth industry. Mesitis offers Canopy, a next-generation account aggregation, portfolio analytics and client reporting platform for high net-worth individuals and wealth professionals. We are a B2B player and we work with private banks, family offices, external asset managers, trust companies and other private wealth institutions.

MEDICI Analysis

Canopy Cloud offers a platform that can aggregates all of the users assets and provide visualizations, reporting, analysis and client communication. Theplatform helps financial institutions and wealth managers to connect their siloed data, analyze it, and gain new insights into their business or market. It helps financial institutions to develop their build big data ecosystems to maximize their returns.Additionally, it assists wealth professionals with their administrative tasks and provide them insights, thereby enabling them to provide better financial advices to their customers.

Focus

PRODUCTS & SERVICES

Canopy offers a API driven platform with a range of features like: Analytics: Enables users to analyze complex data Reporter: Enables users to create template or customized reports by using their data Engine: Enables users to understand the number with data crunching and standardizer Manager: Enables relationship managers to view their client data Excel: Enables users to access their data and analyze it Mailer: Enables users to automate data and send out insights

REVENUE MODEL

Subscription based Revenue Model.

MAIN CLIENTS

High net-worth individuals & Wealth professionals.

PRIMARY PROBLEM SOLVED

The challenge of consolidating a high net worth individual's assets diversified across custodians, geographies and asset classes, without direct bank-data feeds.

Traction

COMPANY TYPE:

For Profit

TRANSACTIONS VALUE:

$1 B

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$26.92 M

DATE OF LAST FUNDING

Dec 2019

IPO STATUS

Private

TOTAL FUNDING COMMENT

Venture financing: $2.35 M

ESTIMETED REVENUE RANGE

Less than $1M

SEED & PRIOR FUNDING

$2.12 M

SEED CLOSED ON

Oct 2017

FUNDING SERIES

SERIES A  · $4.8 M  · Sep 2018

SERIES B  · $12 M  · May 2018

OTHERS  · $8 M · Dec 2019

DEBT FUNDING

$5 M

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,691

AVERAGE VISITS (6 MONTHS)

994.89

MONTHLY VISITS GROWTH

239.3%

VISIT DURATION

69

VISIT DURATION GROWTH

6.74%

PAGE VIEWS VISIT

1.63

PAGE VIEWS VISIT GROWTH

-16.37%

BOUNCE RATE

58.12%

BOUNCE RATE GROWTH

1.87%

GLOBAL TRAFFIC RANK

4,828,739

MONTHLY RANK CHANGE

-8,361,676

MONTHLY RANK GROWTH

-63.39%

Innovation Programs

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Canopy (Mesitis Pte Ltd)

About

Mesitis is a Singapore based award-winning financial technology solutions development company focused on the private wealth industry. Mesitis offers Canopy, a next-generation account aggregation, portfolio analytics and client reporting platform for high net-worth individuals and wealth professionals. We are a B2B player and we work with private banks, family offices, external asset managers, trust companies and other private wealth institutions.

Focus

PRODUCTS & SERVICES

Canopy is a financial data aggregation, visualization, analytics and reporting platform built to assist private wealth professionals to engage clients deeper.

TOP PROBLEM SOLVED

The challenge of consolidating a high net worth individual's assets diversified across custodians, geographies and asset classes, without direct bank-data feeds.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

KEY DIFFERENTIATORS

We aggregate data from any source including PDF statements.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

White label

STRATEGIC CLIENTS AND PARTNERSHIP

Credit Suisse : Canopy is offered on CS' digital private banking platform.

Traction

TRANSACTIONS VALUE:

1 B

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Tanmai Sharma and some High Networth Individuals

Momentum

FUNDED

YES

TOTAL FUNDING:

$3.78 M

LISTED

NO

SEED & PRIOR FUNDING

$780 K

SEED CLOSED ON

Jul 2013

FUNDING SERIES

SERIES A  · $3 M  · Jun 2015