{"id":14759,"date":"2021-01-06T07:41:42","date_gmt":"2021-01-06T07:41:42","guid":{"rendered":"https:\/\/valutico.com\/business-cloud-valutico-reveals-uk-scaling-plans\/"},"modified":"2023-01-20T10:28:54","modified_gmt":"2023-01-20T10:28:54","slug":"business-cloud-valutico-reveals-uk-scaling-plans","status":"publish","type":"post","link":"https:\/\/valutico.com\/business-cloud-valutico-reveals-uk-scaling-plans\/","title":{"rendered":"Business Cloud: Valutico reveals UK scaling"},"content":{"rendered":"

Austrian FinTech Valutico reveals UK scaling plans<\/h1>\n
\n

Posted on\u00a0January 6, 2021<\/em>\u00a0by\u00a0Jonathan Symcox
\n<\/em><\/p>\n<\/div>\n

\"Paul<\/div>\n

An\u00a0<\/span>Austrian FinTech\u00a0<\/span>plans to significantly expand in the UK<\/span>\u00a0after hitting 100 active users in more than 20 countries.<\/span>\u00a0<\/span><\/p>\n

Valutico\u2019s<\/span>\u00a0data-driven tools reduce the time needed for a business valuation from days to hours.<\/span>\u00a0<\/span><\/p>\n

With clients\u00a0in Europe, the Americas and\u00a0South East Asia, i<\/span>t supports valuation experts within accounting and tax advisory\u00a0firms, corporate finance and M&A advisors, as well as investment managers<\/span>.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Launched in Vienna in 2017<\/span>\u00a0<\/span>by Paul Resch, a corporate finance professional\u00a0formerly in M&A, it aims\u00a0<\/span>to\u00a0level<\/span>\u00a0the playing field in valuation\u00a0analysis.<\/span>\u00a0<\/span><\/p>\n

Resch had become frustrated that, due to lack of data and know-how, professional equity valuations were only available to the world\u2019s\u00a0most sophisticated advisors and investors.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cWhen I was working in M&A, I spent many nights\u00a0tirelessly working in Excel, which was arduous and subject to error,\u201d he said.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cThere was no other tool at the time, which is why I shifted careers from banking to FinTech and created our own valuation tool.\u201d<\/span>\u00a0<\/span><\/p>\n

The\u00a0<\/span>Valutico<\/span>\u00a0system integrates world-leading databases on market and transaction data alongside\u00a0additional sources, providing\u00a0users with appropriate data when\u00a0they need\u00a0it.<\/span>\u00a0<\/span><\/p>\n

It says its\u00a0self-learning\u00a0algorithms mimic the thought process of a valuation practitioner, semi-automating key processes.<\/span>\u00a0<\/span><\/p>\n

\"Valutico\"<\/p>\n

Valutico\u2019s<\/span>\u00a0product offering includes modules for the valuation of private and public companies, as\u00a0well as a marketplace \u2013\u00a0MyValutico\u00a0\u2013\u00a0which\u00a0brings together valuation experts with business owners who\u00a0need support with valuations.<\/span>\u00a0<\/span><\/p>\n

\u201cThe UK is the largest exporter of financial services and London is the world\u2019s financial hub<\/span>.\u00a0<\/span>With its\u00a0convenient time zone and the\u00a0<\/span>manner in which<\/span>\u00a0business is conducted it only made sense to expand our business there<\/span>,\u201d\u00a0<\/span>Resch told\u00a0<\/span>BusinessCloud<\/span>.<\/span>\u00a0<\/span><\/p>\n

\u201cI<\/span>n terms of turnover the UK is already our largest single market and we will continue to build on that strength.<\/span>\u00a0<\/span><\/p>\n

\u201c<\/span>Some of our key clients are based in London and we immediately saw further demand for our platform through referrals and word of mouth. Our London-based team is not just able to serve the wider UK market, but also the US east coast, as well as certain European markets such as Benelux and the Nordics.<\/span>\u00a0<\/span><\/p>\n

\u201cGiven that our hiring for business development roles is primarily focused on the London metropolitan area we will significantly grow our UK-based team over the next two years.<\/span>\u00a0<\/span><\/p>\n

\u201c<\/span>We are also currently building a\u00a0<\/span>c<\/span>ustomer\u00a0<\/span>s<\/span>uccess team and given the quality of the applicants, our hiring for that team will likely be strongly focussed on the UK too.<\/span>\u201d<\/span>\u00a0<\/span><\/p>\n

Valutico<\/span>\u00a0is<\/span>\u00a0currently serving 40 UK-based clients<\/span>\u00a0and\u00a0<\/span>employ<\/span>s<\/span>\u00a0three full time members of staff, currently working from home due to C<\/span>OVID-19<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201c<\/span>The jury is still out on whether work from home\u00a0<\/span>is a net positive for us and society at large, but\u00a0<\/span>we are cautiously optimistic that we can make this a permanent thing and give people more flexibility as to where they want to work from<\/span>,\u201d added Resch.<\/span>\u00a0<\/span><\/p>\n

Asked how\u00a0<\/span>has COVID-19<\/span>\u00a0affected his plans for the business, he answered:<\/span>\u00a0<\/span><\/b>\u201cIt\u2019s hard to say! We have had a very good year, but who knows if it hadn\u2019t gone even better without the COVID uncertainties.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cMaybe prospective clients are even more open now than before to making their operations more efficient. Maybe they also have a bit more time to evaluate solutions like ours, because less time is wasted on meetings and travel.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cWhat can be said for sure is that valuations are very much still in demand, if not more so\u00a0than ever. We\u2019ve grown three-fold over the last 12\u00a0<\/span>months<\/span>\u00a0and we are hiring more than ever.\u201d<\/span>\u00a0<\/span><\/p>\n

Brexit will not impact scaling plans either. \u201c<\/span>There are currently some uncertainties around billing and VAT treatment, but these are minor things compared to what other companies\u00a0<\/span>have to deal with<\/span>,\u201d said Resch.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201c<\/span>Overall<\/span>\u00a0it should have a very minor effect on our current business and\u00a0<\/span>future plans<\/span>\u00a0for the UK.<\/span>\u201d<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Austrian FinTech Valutico reveals UK scaling plans Posted on\u00a0January 6, […]<\/p>\n","protected":false},"author":15,"featured_media":14760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[49,50,132],"yoast_head":"\nBusiness Cloud Article: Austrian FinTech Valutico reveals UK scaling plans<\/title>\n<meta name=\"description\" content=\"\ufeff\ufeffBusiness Cloud Article: Austrian FinTech Valutico reveals UK scaling plans\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/valutico.com\/business-cloud-valutico-reveals-uk-scaling-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Cloud Article: Austrian 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