Findicate Deal Call - Teleskop
Join Findicate's Virtual Deal Call with Teleskop at 8 pm SGT on July 18th.
💫 Teleskop is B2B/B2B2C wealth management solution that aims to bring clarity to finances in a user's lifetime and enables legacy implementation at the time of incapacitation or death. Teleskop’s solution includes asset aggregation across jurisdictions with real-time updates in value, a digital vault for non-financial assets, and AI-powered analytics with actionable insights. These address the pain points that families feel in managing family finances in preparation for and after a loved one’s passing. Globally this has led to trillions of unclaimed assets across banks, unclaimed insurance policies, “lost” properties.
👩🏽💼👨🏼💼 Teleskop was founded by Chandrima Das and Martin Pickrodt, 2X founders with decades in financial services. This is their second wealth tech startup. They previously worked on Bento, which was acquired by Grab in 2019 and developed into Grab’s asset management business (subsequently closed). Given the founders’ history, we expect this to be a hot deal with limited allocation.
Website: https://teleskop.tech/
Pitch deck: https://bit.ly/3xJVHmh
Market:
TAM $540B in unclaimed assets globally
SAM $4B in SG, AUS, UK (affluent markets with aging population). Additional markets include HK, JP, UAE, GER, US
Business model: 3 high quality revenue streams
1/ B2B Partnerships with tiered annual contracts $100/year/person
2/ Subscription fees $250-400/year + premium add-ons
3/ AI-led data insights for additional fee (phase 2)
Traction/Pipeline:
Currently in alpha with >200 signups, full launch expected
Employee benefits: in discussion for implementation with Accenture, MullenLowe & Morningstar
Insurers: Signing MoU with SingLife to bundle with life insurance policies and bereavement concierge
Expected Revenue: $21M ARR by year 3 (60% growth and 25% attrition factored in)
Terms:
Raising US$1.5M @ $10M post-money valuation cap via SAFE note
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