Multipass Solutions Ltd.
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Multipass Solutions Ltd. - overview
Location
Pecs, -, Hungary
Primary Industry
Software
About
Multipass Solutions Ltd. is a technology company that specializes in the automated transformation of handwritten and printed text into structured digital business data, catering to various sectors with innovative document processing solutions. Founded in Pecs, Hungary, Multipass Solutions Ltd. focuses on transforming unstructured data into structured formats.
The company raised EUR 0. 240 mn in Seed funding from Hiventures on September 14, 2017. The CEO is Böko Zsolt. The company has completed a total of 3 deals to date.
Multipass Solutions Ltd. provides automated document and forms processing services, including cheque and invoice processing, enabling businesses to convert various document types into structured data. Their solutions facilitate seamless integration with enterprise systems, enhancing operational efficiency for clients across North America, Europe, and parts of Asia. In the most recent year, Multipass Solutions Ltd.
reported a revenue of EUR 93,680 in 2016, with an EBITDA of EUR -386,448 for the same period, indicating the financial dynamics of their subscription-based service model. Multipass Solutions Ltd. aims to expand its product offerings and enter new markets following its recent Seed funding of EUR 0. 240 mn.
They are focusing on developing new automated solutions and targeting expansion in specific regions by 2020, leveraging the recent funding to enhance their technology and market presence.
Current Investors
Hiventures, Primus Capital
Primary Industry
Software
Sub Industries
Consulting Services, Government, Application Integration Software, Content Management Software
Website
www.multipasol.com
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Multipass Solutions Ltd. - financials
| Fiscal Year Ended | Jan 11, 2012 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | 12,339,000 | 75,730,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - |
| EBITDA (USD) | (125,000) | (78,923,000) | (82,403,000) | - | - | - |
| Operating Income (USD) | (125,000) | (84,095,000) | (92,858,000) | - | - | - |
| Operating Margin | - | (681.5%) | (122.6%) | - | - | - |
| % EBITDA Margin | - | (639.6%) | (108.8%) | - | - | - |
| NET Income (USD) | (122,000) | (83,875,000) | (119,194,000) | - | - | - |
| % Net Margin | - | (679.8%) | (157.4%) | - | - | - |
Multipass Solutions Ltd. - employee data
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