The company has developed an app for creating digital moving reports which enable landlords to document the condition of rental properties when a tenant moves in or out, thus, the landlord has a record of changes in the state and can hold the tenant liable for potential damage. In addition, the end-user can integrate the app with their ERP systems.
This SPRINGBOARD® will be held in Danish / Dette SPRINGBOARD® vil blive afholdt på Dansk
The company’s mission is to simplify and optimise work processes which can be time-consuming and cumbersome when done manually. They do so by developing simple and user-friendly digital solutions.
The company has developed an app for landlords, property managers and letting agents. The app is for creating digital moving reports when a tenant moves in or out. In Denmark, legislation requires landlords to create moving reports and hand the tenant a copy of the report at the end of an inspection. Many landlords make moving reports on a piece of paper, and thus, has to make two to ensure the tenant can receive a copy. However, the landlord can create the report digitally and send it to the tenant via email with this app. The app is developed as a checklist the landlord goes through step-by-step, ensuring that the landlord remembers all necessary information. In addition to this, the landlord can add photos and notes to increase the quality of their documentation.
The company’s revenue model is subscription-based which means that their customers purchase a subscription that includes different features. They have four subscriptions: free, plus, premium and exclusive. However, for large customers, there is a possibility to create a customised subscription. Users can purchase subscriptions on a monthly or yearly basis, and it is also possible to purchase reports through App Store or Google Play Store without a subscription. In Denmark, the company also make money by providing supplemental services, such as power supply, from partnerships. So, in practice, they have an additional revenue stream when their users sign up for power supply through the app. Additionally, the company’s infrastructure makes it easy to scale the company further.
The company already has customers, and their app for moving reports is being downloaded and used internationally. As a result, they have paying customers in Denmark, Germany, England and the US.
In terms of employees, the company has their resources in-house. The CEO is in charge of partnerships and sales along with our customer success manager. The CMO is in charge of communication and SoMe, along with the international communications manager. Lastly, the CTO, and lead developer, is in charge of developing the products. In the near future, we are going to work on developing image recognition with support from the Danish Innovation Fund and their Innobooster programme. Furthermore, we have a web portal that is soon ready to be launched for beta testing. In addition to this, we have another app for plumbers which is going to be updated and optimised for mobile devices.
Questions for the panel
How can the company gear its’ brand awareness?
Which strategic partnerships are relevant to the company in the Berlin area (Berlin is the company’s first destination in Germany)?
What should the company do to gain proof-of-concept in the Berlin area?
How can the company position themselves to raise a funding round for a large international roll-out?