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Investment projects and startups in Ukraine

Vymex - an ecosystem of products to cover basic business needs

Location
Ukraine
Sector
IT and telecommunications
Business activity
Information technology and services
Stage
Startup
Type of investment
Equity
Project cost
$2 071 150

ID: 27124

17.12.22

Company description

According to a lot of studies, 97% of companies don't operate for more than 3 years because of an ineffective combination of resources in the implementation of basic needs and project activities.

The company and Vymex products focus on covering exactly the basic needs because companies all over the world are realizing the same results. Basic needs are results that naturally arise in any company, regardless of size, niche, or business location. Communication, file storage, sharing, creating and managing tasks, hiring and firing employees, structuring, scheduling, reporting, and much more in one ecosystem.

Today, businesses cover their basic needs with different software. From messengers to complex ERP systems. It all depends on the size of the company.

The architecture of Vymex products

Vymex is a super-app that now consists of four main products. After registration, the user can create a company, communicate in the messenger, search for vacancies and create a resume, become an employee of the company or a co-founder.

vHub is a product for creating and managing a company in a mobile app. You just need to form a structure and add people to it.

vCo-f - a product that helps you properly own your share in the company, communicate and make decisions with the entire co-founder team.

vChat is a messenger for communication within the ecosystem. Separates corporate correspondence from personal correspondence.

vRise - a product for creating resumes and searching for jobs in the ecosystem. 

For example, the vHub product has this functionality:

  • Description of the company's structure within the system.
  • Interaction with the company's employees. Creation and publishing vacancies, search for candidates.
  • Task manager is set up automatically for the structure.
  • Description of material resources and file storage for each role in the company.
  • Storage of available techniques and equipment.
  • Planning and fixing of expenses of positions in the company.
  • A list of the main functions of the product, which is available immediately after the user registers a company in the ecosystem.
  • Showing the balance, all actual and planned changes down to the unit.
  • Formation of assumptions that allow modeling the development of the company and expenses.
  • Communication between the CEO and the co-founders. Creation of a corporate contract of the company.
  • Results of each structural unit of the company with a description of motivation and salary.
  • Description of the processes of each structural unit.
  • Corporate messenger that saves the correspondence of the SU as a company resource.
  • Calendar of a structural unit.
  • Management of the company's payroll.

This is the base of the developed tools of the product. With the release of the next versions and updates the functionality will be complemented and refined. 

Here's what the team says about the product 

 

Current progress

Testing of the open beta version on iOS and Android has been conducted since August 2022.

More than 200 companies registered in the application during the first two months. 

Intellectual property has been evaluated. 

Developed our data encryption protocol.

The commercial version is 60% ready.

In the fourth quarter of 2023, the commercial version will be ready, which will become paid by subscription for companies. 

Investments

The model will start generating profits as early as the first quarter of 2024. The planned profit of 1% of the company will be $61,200. 

The planned value of the company in 2024 is $30,474,000. 

By 2030 Vymex will become one of the most expensive and well-known business applications because of its solutions.

To implement the company's plan, the company will spend $2,071,150 before reaching the self-sufficiency level.

Now more than $1,100,000 has been invested in the project from 26 private entrepreneurs in Ukraine. 

Investment offers are available from 0.25% to 10% of the company.

In 2024, the project will pay more than $3 million in taxes and all the profits will stay here in Ukraine. This is important for the country's economy. 

Vymex global goals and philosophy

Everything in the world is a combination of resources into results. 

Business is one of the biggest ecosystems on the planet. If we manage to increase the resource rationality in this area by even 10%, we will add a few years of a comfortable life on planet Earth. 

Vymex develops solutions that will help combine resources more effectively in the goals of the people of each company.

The team created a new method for managing business results, which, with the help of the Vymex product ecosystem, will significantly increase the efficiency of people's use of resources to achieve results in companies.

Additional information

Beta version is available for download on IOS and Android

This is a non-commercial version and is important more for the company as developers. Testing in the app shows angles that can be improved and check the correctness of the system.

Web site https://vymex.com/en/investoram 

VYMEX Presentation

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