Photo - Nuntiux inc
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Nuntiux inc

Redefining how to finance your education using AI

USA, New York
Market: Financial services, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 15.09.2020
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Idea

Redefining how to finance your education through cutting-edge, technology-driven and uniquely empowering solutions. Leveraging on AI and ML we nuntiux allows students to avoid debt and raise the funds needed to go to college.

Current Status

Nuntiux has gone live with an invite only version at first quarter of 2020. We have had a strong demand from students. Our product and approach to the market has received very positive feedback and covered by Yahoo Finance both in articles and live on TV - https://finance.yahoo.com/video/nuntiux-ceo-breaks-down-why-175748163.html. Bloomberg as well as business wire. Our product is ready, we have students on the platform and in need to raise funds to build strong market foot print as well as continue to develop our unique technology that can later be leveraged to other markets and products.

Market

Student financing with a market of 1.6 Trillion USD in US only. Our solution and technology are easily scalable to other markets and indeed this is part of our roadmap.

Problem or Opportunity

We intend to disrupt the student loan market of over 1.6 trillion. Nuntiux mission is to redefine how to finance your education using cutting-edge, technology-driven solutions. Leveraging Machine
Learning and AI we introduce a unique opportunity for students to avoid student debt and high impact and revenue opportunity for
investors to enjoy returns. Reach out we would always love to hear from new people.

Solution (product or service)

We enable students to raise the needed funds while providing access to investors to directly invest in the students. Using AI we assess students future potential and propensity to succeed thus allowing improved risk management and returns for the investors while increasing the chances of the student the raise the needed funds. We unlock the potential of students and in the process create improved market opportunity for investors to directly access a market that until now has been controlled by large banks providing student loans.

Competitors

There are multiple substitutions for what we offer.

Traditional student loans - these are 6 players that control most of the market, yet they are incumbent, traditional and expensive debt structure solutions which are predentary and have a very negative perception by students.

Vemo - company that has been operating for several years providing the basic infrastructure to universities to conduct their own Income share agreement solution. Using fairly low tech and simple UI's they allow the access and facilitation of the ISA's to institutions. Our direct to market approach is different and in essence we do not compete as they offer the service via universities and at a fixed rate.

Universities - Purdue university initiated its own (and first) ISA program to its own students. They provide it at a fixed price where students get a chance to take the offer or not. Rates are pre-determined by the university and are failing to account for many biases that lead to the same crisis with the current student loans debt.

Advantages or differentiators

Technology - AI and ML driven with simple to use, CV like approach for students using video content to share with the investors the reason for the passion to student and educate students on how to apply for job prospects in the future

Business model - unique and ambitious approach to revolutionize the student market with a sophisticated business model which is anchored in students psychology and market dynamics. There is a reason Yahoo Finance referred to us as "the solution for student debt"

Data - we are collecting unique data sets that allows us to run predictability AI models on future income prospects of students (FutureCreditScore). using such unique data such as video CV's of students we are able to develop unique tools that will establish the path of success and income levels in the future. We strongly believe this will allow us to create multiple product opportunities such as API for assessing future income levels of loan requestors or car financing etc.

Our team is comprised of season business and startup veterans as well as super passionate young team who are directly linked to the problem most of them are recent graduates who are experiencing first hand the impact of student debt. Our team combines the technology, business and passion to solve the problem - we believe this is our secret sauce.

Finance

Our revenue is established in several ways:
1) Directly from the transactions taking place on our platform at the time of investment
2) we charge an operational fee for each monthly transaction we take from the students and pass to investors establishing a long LTV of each student to us.
3) we are building capability to conduct future credit assessment, thus later will be able to analyze for many companies the future ability of a university graduate to return from earnings - i.e. the earning potential in the future.

Business model

We operate on a fee based structure (commission) out of successful raised funds for the students. Our charge is divided between the investor and the students at the time of investment.

Channels:
Direct - We use both direct channels to students, on campus representation, student digital channels, cooperation's with student unions and groups. With such early stages this channel has proven to yield highly cost effective

Digital - our team has strong digital presence on all social media channels and we use specific and unique model to target advertising on small scale in order to have high efficiency of spent ad revenue. With fairly low cost spent we have managed to generate strong traffic and visitors base as well as waiting lists for our service and product.

Money will be spent on

Market share, technology

Offer for investor

Based on current inputs we are looking to raise at a pre-money valuation of USD7.5mil. We are offering for the first 2 investors an improved pre-money valuation at USD6.5mil.

We are flexible and will be happy to negotiate with the right investors if we see the alignment and long term shared vision.

Team or Management

Risks

The demand for our product is very high, we are pioneers in our approach. The key risk is a slow growth path where it will take us years to reach our critical mass and many students will continue to graduate with student debt. We believe with the right funding we can have a strong growth path and help as many students as we can all the while creating strong economic opportunities for investors for a good returns.

Incubation/Acceleration programs accomplishment

Our team choose to bootstrap at early stage and have only raised a small round from angle investors, since our team has a strong combination of skills with our appointment of an advisory board we felt acceleration program will not be a suitable path for us.

Won the competition and other awards

Chosen for techcrunch disrupt 2019 presented as a featured fintech early stage startup.

Picked to amongst many applications to present our unique solution in Cooleys capital call which raised over 4billion in the past years for startups. only 10 presented unique startups presented.

Presented in SVB's up and coming promising startups event.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video