QUINARYO : Blockchain Powered ESG Reporting Solution (#fundraise)
XSS Capital & AFM Advisory Portfolio analysis 7.
XSS Capital & AFM Advisory are two Venture Capital & Business Angels advisory firms managed by Mr. Harvey Athwal. With offices in Hong Kong and London, these small boutiques advisory firms have a portfolio of interesting start-ups with a low-risk return profile, with technological (digital and software-based mainly) focus. I once talked with Mr. Athwal through a Google Meeting call and we agree on a posts collaboration for marketing of his portfolio. This is number 7 of such posts.
Today I would like to share an Italian start-up from XSS Capital portfolio that is operating with a Blockchain platform for enhancing transparency and reporting solutions for ESG (Environmental, Social and Governance) thematic investments or corporate programs. Blockchains can bring those types of benefits for transparency and error-free reporting of ESG deals or programs, and will eventually be enhanced with some AI algorithms for real-time reporting, digital development and integration with broader Internet of Things channels.
Let us then dive in into Quinaryo opportunity from the insightful and informative suggestions of XSS Capital (this is reminder for a fund raising round timetable):
REMINDER
Quinaryo is a blockchain company, providing operative solutions to organisations dealing with Data Integrity issues relating to ESG compliance. Italian company raising €850k
"Greenwashing” and issues such as data credibility and accountability are an issue for the ESG marketplace. Quinaryo, provide a reliable and versatile proprietary solution, using blockchain technology to secure both the information and its pathway.
EXECUTIVE SUMMARY
Revenue generating since 2021 and will be cash positive in 2024,
Services to Clients through SaaS product, Quin-X, and a project-based approach.
Quin-X is a blockchain notarisation engine.
Blockchain technology is used to track all data production processes and certify it, using third-party-approval (TPA) support.
Applications range from Sustainability Reporting to Product Certification to Sustainable Investment Certification.
Existing European clients include ENI, Angelini Group and CNR (Consiglio Nazionale delle Ricerche).
ENI's sustainability project is most relevant in Europe.
Raising €850k to further develop product range (AI and analytics) and expand business activities in Europe, US and Asia.
MONETISATION
The Company will continue to market its services through two main channels:
Consultancy : Existing Clients where an increase of commitment is highly expected, given the relevance of the current assigned work. This captive market is seen as a significant ignition point for the SaaS product Quin-X
Licensing : The SaaS product Quin-X (blockchain notarisation engine). It is expected that the Licensing model with rapidly overtake consultancy revenue in 2024.
Watch the Video below about Quinaryo platform:
THE NUMBERS
We are raising €850k at a post-money evaluation of €10m, combined with an attractive water fall mechanism to reward the first Investors.
To find out more, please visit www.quinaryo.it see the video above, and Investor Presentation document below.
BACKGROUND
Sustainability issues are going to significantly affect our day-by-day life in years to come. Many incumbents are entering the ESG space with so called "green credentials" - however, there is a lack of credibility in the data being used. Quinaryo sees commercial, business opportunities arising but also recognises the requirement for data integrity. The Quin-X product (blockchain notarisation engine) has been developed to fill this void.
Quin-X has evolved from consultancy projects that Quinaryo has engaged in, to a fully automated SasS product. Quinaryo's clients wanted a concrete, flexible and scalable solution, perfectly aligned with their operative processes; without requiring cumbersome software installations.
The Quinaryo management team have used their experiences in working with large consulting firms such as Accenture, Piaggio and Exor to create Quin-X - which provides the solution to data integrity.