This post is part of our live coverage of FinovateFall 2013.
Next, BizEquity demonstrated how it helps businesses discover, manage, and optimize their value:
“There are more than 28M business owners in the US – 75% don’t know what they are worth and 50% are under-insured. The market for business valuation is a $2.8B dollar market, with 99.7% being conducted offline at $8,000 per report and taking up to 6 weeks.BizEquity has revolutionized the market by putting it online helping to enable more businesses to discover-manage-and optimize their value. BizEquity helps every financial institution help business owners better understand their value and what they can do to better protect themselves.”
Product Launch: July 2012
Metrics: With more than 50,000 users & over 12 private label channel partners to date, 60 patents & inventions filed, 2 patents granted already, & over 3 years of technology development & $7M invested into building the system, BizEquity has become the first & leading cloud-based business valuation service.
Product distribution strategy: Direct to Businesses online at BizEquity.com and indirect via the channel and private label agreements with leading financial and data institutions.
HQ: Wayne, Pennsylvania
Founded: May 2010
Product Demoed: BizEquity Valuation Engine and VaaS™ Cloud Service
Presenting Michael Carter (CEO) and Semyon Fishman (VP Product Engineering)