PiSight

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 08/09/2020

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About

With the commoditisation of the cost bases profitability of the financial intermediation and asset management industry has been declining. Change in demographics of clients coupled with new digital options such as robo-platforms and new regulations combine to completely change the playing field. The industry has moved towards digitally-led hybrid advice and execution, differentiated for client experiences.While brokers and asset managers will still be critical for many customers seeking independent advice and execution, remaining truly relevant in the new, digitised ecosystem requires incumbents to reinvent themselves to prepare for the future: digitally sophisticated, focusing more on strategic risk advice and delivering the transparency and control todays customers need.PiSight has developed solutions for the industry to meet the challenges or opportunities posed by todays digital world and to take a new customer centric approach to client relationships.Summit: An intelligent data extraction and transformation solution that provides real time insight into the client portfolio, aggregated from multiple sources across the world using a secure and proven technology.PiMoney: Data visualization and Customer engagement solution that enables seamless information sharing and identification and servicing of needs and grievances of the customer. Everest: An agency management solution that optimises the workflow to remove inefficiencies from the processes. Everest automates the processes to minimise operational risks, reduce overheads and improve the information flow among the stakeholders within and outside the organisation. Everest also leverages on the information repository to identify new business opportunities. Coupled with PiMoney, Everest also acts as a tool to generate leads and convert the leads into business. Everest also assists the compliance team and the management to manage the conduct risk of the employees and vendors.

MEDICI Analysis

PiMoney is a personal financial management tool that securely consolidates data from a user bank accounts, investments, credit cards, loyalty program etc. PiMoney uses customer spending data to help in budgeting and managing finances. It automatically sorts spending into intuitive categories such as shopping, phone bills, utility bills, and grocery.

Focus

PRODUCTS & SERVICES

PiSight is a leading global technology and automation solution provider. We deliver innovative products and services to our clients worldwide in a cost effective manner and uphold highest standard of integrity in all of our action that our customers have come to expect from us. Technologies that push the frontiers of service: Cognitive technologies are pushing the boundaries of the possibilities and helping corporations across the globe to deliver an exquisite user experience to their customer. PiSight is a technology company striving to provide cutting edge technological solution to help overcome some of the challenges faced by corporation in delivering a prime service to their customers.

REVENUE MODEL

Licensing the solution to enterprise customers

PRIMARY PROBLEM SOLVED

PiMoney: An intelligent Personal Finance Management solution and customer engagement tool designed to provide users with a complete picture of their wealth, income and expenses and steer them towards greater savings and financial discipline. Summit API: A scalable and accurate data capture and processing solution that extracts relevant information from unstructured data sources such as PDF and online interface and shares the extracted information through easy to integrate APIs. Summit APIs have been designed with data privacy in mind and no customer data or files get stored on our servers. Everest: A Powerful workflow management tool that helps organise and drive all internal business processes, the built in Customer Relationship Management modules seamlessly integrates with the other modules and helps deliver a premium experience to the users.

Traction

REVENUE

$0 - $99k in 2017

REVENUE COMMENT:

Already in talks with 2 leading MNC Banks and Multiple Financial Institutions for partnerships.

ACTIVE USERS:

Not Applicable Million in 2017

TRACTION COMMENT:

We already have a production version deployed on client premise. Client is a leading wealth management company in Singapore and references can be arranged. We are customising and adding new features in our ERM system for a client in Singapore. We are in talks with 2 Large Multinational Banks and a few Banks in India to licence our systems.

People

FOUNDERS

Rajesh Singh

Abhishek A

BOARD MEMBERS AND ADVISORS

Rajesh Singh

NUMBER OF EMPLOYEES

1-10

COMMENT:

My Team is competent as is the case with many other great companies. The team members have great synergy among themselves,the relationship is very cordial. Despite being a startup we maintain a work-life balance,as a result the team most of the time works at its optimum potential. We have a young energetic team that is keen to experiment,push the boundaries of its capabilities.

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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PiSight

About

PiSight is a innovative technology and automation solution provider. We deliver innovative products and services to our clients worldwide in a cost effective manner and uphold highest standard of integrity in all of our action that our customers have come to expect from us.

Focus

PRODUCTS & SERVICES

PiSight is a leading global technology and automation solution provider. We deliver innovative products and services to our clients worldwide in a cost effective manner and uphold highest standard of integrity in all of our action that our customers have come to expect from us. Technologies that push the frontiers of service: Cognitive technologies are pushing the boundaries of the possibilities and helping corporations across the globe to deliver an exquisite user experience to their customer. PiSight is a technology company striving to provide cutting edge technological solution to help overcome some of the challenges faced by corporation in delivering a prime service to their customers.

REVENUE MODEL

Licensing the solution to enterprise customers

TOP PROBLEM SOLVED

PiMoney: An intelligent Personal Finance Management solution and customer engagement tool designed to provide users with a complete picture of their wealth, income and expenses and steer them towards greater savings and financial discipline. Summit API: A scalable and accurate data capture and processing solution that extracts relevant information from unstructured data sources such as PDF and online interface and shares the extracted information through easy to integrate APIs. Summit APIs have been designed with data privacy in mind and no customer data or files get stored on our servers. Everest: A Powerful workflow management tool that helps organise and drive all internal business processes, the built in Customer Relationship Management modules seamlessly integrates with the other modules and helps deliver a premium experience to the users.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Capability of our product and culture of exquisite service to our customers is our biggest strength.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

Traction

ANNUAL REVENUE:

$0 - $99k

REVENUE COMMENT:

Already in talks with 2 leading MNC Banks and Multiple Financial Institutions for partnerships.

ACTIVE USERS/ACCOUNTS:

Not Applicable Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

1

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

My Team is competent as is the case with many other great companies. The team members have great synergy among themselves,the relationship is very cordial. Despite being a startup we maintain a work-life balance,as a result the team most of the time works at its optimum potential. We have a young energetic team that is keen to experiment,push the boundaries of its capabilities.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES