Binocs

Binocs

Simplifies the calculation of crypto tax and portfolio tracking. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€15—22m (Dealroom.co estimates Sep 2022.)
Bengaluru Karnataka (HQ)

Financials

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Revenues, earnings & profits over time
USD2023
Revenues3.2m
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DateInvestorsAmountRound
*

$4.0m

Seed
Total Funding€3.6m

Recent News about Binocs

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More about Binocsinfo icon
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Binocs is a cutting-edge startup focused on enhancing operational efficiency and risk management for institutional lenders and borrowers. The company leverages advanced technologies such as workflow automation, data analytics, and artificial intelligence (AI) to streamline financial processes. Binocs primarily serves asset managers, banks, and other financial institutions, helping them manage complex financial tasks with greater accuracy and efficiency.

Operating in the financial technology (fintech) market, Binocs offers a suite of software solutions designed to meet specific business requirements. One of its key offerings is a Loan Management System (LMS) that assists in covenant tracking—ensuring that borrowers comply with the terms of their loan agreements. The LMS also features automated notifications and reminders, helping asset managers send timely alerts to borrowers for repayments and report submissions while maintaining a clear communication trail.

Binocs' Data Management feature is another standout component, enabling users to organize, store, and retrieve financial data efficiently. This feature supports bespoke financial modeling, allowing for customized cash flow projections based on various parameters. Additionally, the software can coordinate with co-lenders for syndicated loans, ensuring all parties are on the same page.

AI-driven analyses in the LMS can perform various tasks, such as identifying trends, forecasting financial outcomes, and assessing risk levels. These capabilities enable financial institutions to make more informed decisions, ultimately improving their operational efficiency and risk management.

The business model of Binocs revolves around a subscription-based service, where clients pay for access to its software solutions. This recurring revenue model ensures a steady income stream while providing clients with continuous updates and support.

In summary, Binocs is revolutionizing the way institutional lenders and borrowers manage their financial operations through innovative technology solutions. The company's mission is to improve efficiency and risk management, making it a valuable partner in the fintech space.

Keywords: Fintech, Loan Management, Workflow Automation, Data Analytics, AI, Covenant Tracking, Asset Managers, Financial Modeling, Syndicated Loans, Notifications.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.