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Valega Chain Analytics

Transparency within Blockchains

We have made it easier for everyone to analyze and prevent illegal activities in crypto and blockchain related transactions.

Governments, financial institutions and companies have had to oppose many Blockchain related innovations and implementations due to the alleged anonymity and the risks involved in Blockchain transactions.

By offering both corporate and private customers an easy-to-use compliance tool, which analyses the data in monetary transactions, we will promote greater transparency and security within the Blockchain. This will, in turn, lead to greater innovations and trustworthy adoption of Blockchain technology worldwide.
Privanet

Investor proposal

Innovation within Blockchain must be able to progress without the fear and distrust created by illegal activities and pseudo-anonymity.

Companies and government agencies must have the right tools to ensure that they comply with the various laws implemented to be able to utilize the technology globally.

We believe that the cryptocurrency-market and everything that comes with it is here to stay and we have just scraped the surface of Blockchains' potential growth.

We, therefore, want to have you with us on a journey where we can jointly utilize the different decentralized solutions and make this transparent and safe for everyone!
The Company has one single class of shares with the same rights and obligations, including those offered in this round. Shares offered in this crowdfunding round will have access to all and any possible dividends from FY2020 onwards.

Product

The problem this product solves

It is no secret that there is a lack of trust in crypto payments and Blockchain as a whole. Financial institutions and government agencies have often talked about the risks of dealing with digital currencies. The fear of fraud, money laundering, anonymity and other illegal activities damages the currency trade, and mainly harms the development of the technology behind the currencies, the Blockchain.

However, the same industries highlighting the associated risks also talk about the potential that the technology has. We have identified the way that enables the innovation of Blockchain and currency trading without fear or losing trust.

How the product solves it

Valega Chain Analytics offers its customers a tool which analyzes transactions within different Blockchains. The tool will allow customers (businesses and private) to search for a specific transaction or sender. This is analyzed against the data contained within our extensive database to see if it has been involved in any form of fraud or other illegal activities as money laundering.

The person searching receives relevant information in the form of green (all okay), yellow (suspicions exist) or red (Illegalities). This makes trading with crypto more reliable. Further ahead, the system should also work for FIAT (regular currencies) in Blockchain banking.

Product features

  1. Available via your mobile or computer (web/app).
  2. You are met by a search box where you can search for a specific transaction or a person's so-called "Digital wallet address" (the service where the crypto version is stored).
  3. The service searches through our expansive database for unlawful activities that match flagged locations.
  4. An answer is received with a color code: Green - Safe, Orange - There may be inconveniences, Download detailed info, Red - We have found illegal transactions.
  5. User can download a full report for a small fee. As a subscriber, you can access the reports at no additional cost.

Product use cases

Erik is the financial manager of a bank. An important investor has asked him to buy shares in a private company. The company has accepted Blockchain transactions as investments. To safeguard assets and be compliant, Erik must ensure that the Blockchain address used to pay for the shares have not been involved in illegalities. He uses Valega Chain Analytics via mobile to quickly search and get information about the upcoming transaction. This takes seconds. The address is entered into the app and Erik receives a color-coded answer (red, yellow, green). He can also order a detailed report for record keeping.

Team

Sven Martinsson avatar
Sven Martinsson Founding Partner, Chief Executive Officer
Experienced Executive with a demonstrated history of working in the information technology and services industry. Skilled in Sales, Blockchain, International Relations, Management, Business Development and Social Media. Worked for Swedish, Norwegian and Brazilian markets. A strong business development professional with an academic background focused on International Development Studies from Lund ... See more
Experienced Executive with a demonstrated history of working in the information technology and services industry. Skilled in Sales, Blockchain, International Relations, Management, Business Development and Social Media. Worked for Swedish, Norwegian and Brazilian markets. A strong business development professional with an academic background focused on International Development Studies from Lund University. See less
Jonathan Pallares avatar
Jonathan Pallares Founding Partner, Investor Relations
Blockchain Enthusiast and Experienced Investment banker. Skilled in Sales, Blockchain , Corporate Finance and Business Development. Worked across the Nordics and is familiar with the different markets.
Jens Herzog avatar
Jens Herzog Chief Financial Officer
Jens Herzog was born in Germany. He moved to Finland where he studied at Aalto University and graduated as a Master of Business Administration. During his career Jens has been working side by side with startup companies and their internationalization projects. He has also been involved in International and cross-border ... See more
Jens Herzog was born in Germany. He moved to Finland where he studied at Aalto University and graduated as a Master of Business Administration. During his career Jens has been working side by side with startup companies and their internationalization projects. He has also been involved in International and cross-border transactions. He is fluent in English and German See less
Heini Rosvall avatar
Heini Rosvall Marketing and PR Manager
Heini Rosvall has worked in different industries and has diverse skills of Marketing and Advertising. Skilled in B2B and B2C marketing strategy planning, internal and external marketing, branding, social media marketing and advertising, target marketing, campaign planning and event management.
Melissa Kuitunen avatar
Melissa Kuitunen Marketing assistant
Melissa Kultunen, 25, born in Kuopio, Finland, has studied in the university of Brasília, Brazil, and at the University of Utrecht in the Netherlands whilst now finishing a BBA at Haaga-Helia in Helsinki. Melissa is fluent in Finnish, English, Portuguese and Swedish
Mark Yudin avatar
Mark Yudin Forensic Blockchain Analyst and Backend developer
Mark has been a part of the IT field since middle school. He has worked in various fields, from hardware repair to system administration to graphic design. He is experienced in machine learning, crypto currency analysis, Blockchain development and front end development
Mangesh Patil avatar
Mangesh Patil Project Coordinator
Mangesh has completed his Masters in Computer Application and Business Administration in HR. He also earned Post graduate Diploma in Bioinformatics & International Business. During his previous 13 years tenure in Education & Training, he was responsible for Content Creation, Delivery and Consultancy for Software Products.
Prakash Holam avatar
Prakash Holam Lead developer/Backend
Prakash has completed his Masters in Computer Application. he is working as Lead Developer / Backend. As a Developer his expertise include PHP, Codeigniter, AngularJS,Angular5,AJAX, MySQL, MongoDB, REST API,RESTFULL API and JSON.

Market

Target Market

The crypto-market is currently worth about $140 billion and we can conclude that digital currencies and Blockchain is here to stay. The product is aimed initially at those who trade in crypto (approx. 250,000 transactions/day in Bitcoin and millions more across all Blockchains) and organisations actively working to counter money laundering and other illegal payments.

The product will develop to be used in B2B and B2C. The goal is to make it safer and transparent for all companies to receive crypto-payments and implement Blockchain solutions. Ultimately, FIAT transactions will be targeted as banks are moving closer towards adopting Blockchain transactions.

Competitive landscape

At the moment, Valega Chain Analytics has got few competitors. They however target mostly government agencies and financial institutions. They can be classified as very technical and sometimes customers have been assigned a blockchain expert or technician to handle the systems.

Unique differentiator from competitors


What sets us apart is that Valega will not only target financial institutions and government agencies but also B2B and B2C companies.

There should not be a need for a higher degree or technical knowledge to be able to implement Blockchain. A company accepting credit cards doesn't necessarily understand the intricate technical parts of it. The product should be as easy as searching on a regular search engine. User-friendliness, personal service and high quality are what we value highly.

Valega Chain Analytics follows a platform strategy, companies will easily be able a connect through our API (Application programming interface).

Company revenue streams

The service will have three types of "subscriptions"

1. Private individuals receive a number of free searches/month. Searches in addition to those are charged with a smaller fee per search. You can also pay to get a detailed report.

2. Individuals can subscribe for unlimited searches.

3. Business and financial institutions will be able to log-in to their own portal where they get basic search features and pay for detailed reports. For a monthly fee they get full functionality (including reports and personalized customized customer experience)

4. Government agencies such as the police can get the service for free.

Product/service distribution

Our product goes straight from us to the customer.

They can access our product as follows.

1. Website
2. Mobile phone Android / iOS
3. Custom tailored customer portal linked with an API for the larger companies / authorities.

Execution

Previous milestones/traction

Capital investment 17,000EUR Q2 2018
Successful market test for overall blockchain campaigns in social media Q3 2018
Capital investment 30,000EUR Q3 2018
Backend for blockchain analysis - Clear Q4 2018
UI design for service-ready Q4 2018
UX design for service-ready Q4 2018

Next key objectives

  • Capital Funding and Partnership with Business Finland for Future Financing (Throughout the Process)
  • A completed prototype for use and search for investors.
  • User-friendly UI MVP ready Jan / Feb 2019
  • External Investors and Partners (done throughout the process)
  • Commercialization Q2 / Q3 2019
  • Global sales and expansion by 2020
  • Direct sales to companies that operate in crypto market, Banks, Exchange companies, Insurance companies, Government organisations and selling towards companies that are not yet affiliated with the Blockchain market due to the lack of compliance tools. (B2B, B2C)
  • Development of the service to analyze future FIAT banking transactions by 2021

Previous Financing

Capital investment: 17,000 EUR Q2 2018
Capital investment: 30,000 EUR Q3 2018
Capital Funding Business Finland (Grant from government agency) 50,000 EUR Q4 2018

Partnerships

Valega Capital has signed partnership with EKSH OY.

EKSH is a consulting company that offers internationalization services in the form of market access, analysis and expansion across the Nordic region and in Germany.

EKSH also has access to staff Finland, Germany and India, which we use for various assignments.

Business Finland, the Finnish governments' innovation powerhouse. They are supporting us throughout the process of building, monetizing and globalizing the product. This means they show support towards the overgrowing crypto market.

Use of funds

70% used towards product development, Quality Assurance, sales and to expand the database further

20% used for general marketing of the service and community management

10% Administration and legal services

Industry Certifications/Awards


Return on Investment

We expect that the return on investment will be at least 7 times the invested sum in the within 5 years

This will likely be done though either an IPO, Merger or Acquisition

Risk Analysis

The risks the company has today is the lack of regulations regarding digital currencies. In countries such as the US and China, we see that the regulations change almost from quarter to quarter, sometimes they become stricter and sometimes looser. This also affects the technology driving the currencies (Blockchain). This is the biggest risk the company has today. However, Valega's vision is to develop this product with such high quality that we as a company can help governments shape regulations that allow progressive innovation and healthy competition between companies in blockchain.

Risk Warning

Privanet Group is a Finnish investment service group specialized in trading unlisted shares and managing companies’ financing needs. Our group includes the parent Company Privanet Group Plc, the fully owned subsidiary company Privanet Capital Markets Ltd, which focuses on capital market transactions, and its subsidiary Privanet Securities Ltd, which operates Finland’s only marketplace for trading securities of unlisted companies. Privanet is working closely with FundedByMe, the international crowdfunding platform. The entire Privanet group employs approximately 40 people. We have branches located in Helsinki, Tampere, Turku, Oulu, Jyväskylä, Vaasa, Forssa, Joensuu, Lahti, Mikkeli, Ylivieska and Kuopio. We provide a large variety of services aimed at bringing together investors and those in need of funding. http://www.privanetgroup.fi/?lang=en