[🟢 SEED ROUND OPEN] 3.6M€ • Pre-Money 7.0M€ • 24-Month Runway

The FinTech Infrastructure for Auto Finance.
De-Risking 400B€ of Residual Value.

The balance-sheet neutral transactional B2B2C infrastructure that cuts dealership handover times in half while insulating bank captives' balance sheets under IFRS 16 and Basel IV. EBITDA Break-Even reached by Month 18.

Lead VC & Syndicate Seed Stage
Dual SaaS & Transactional Model
Tier-1 ACPR • DORA • GDPR Compliance
Calibrated on 38 Dealer Groups (570 PoS)
3,6 M€
Seed Round

2.6M€ Equity + 1.0M€ Non-dilutive

6,56 M€
Year 3 ARR (SOM)

38 groups signed (570 PoS)

9,2x
Pre-Money

Investor dilution: 27.08%

M+18
Break-Even

Minimum cash runway: 1.21M€

Market Opportunity & Regulatory Timing

A Historic Window of Opportunity:
The Basel IV Regulatory Shock & BEV Cliff

The automotive financing and dealership industry is experiencing the confluence of three tectonic forces, creating an urgent software adoption mandate.

ASSET VOLATILITY -15 pts RV

The Electric Vehicle Cliff

Accelerated EV depreciation (400V BEVs) causes over 5,400€ in net loss per vehicle at 36 months. Traditional linear models are obsolete against battery chemistry deprecation.

Assets at risk: 400B€ total portfolio
PRUDENTIAL & IFRS Basel IV CRR 134(7)

Regulatory Capital Penalties

Basel IV enforces a 100% RWA risk-weighting on unhedged Residual Values alongside mandatory P&L impairment (UGRV) under IFRS 16.77, eroding bank CET1 ratios.

Direct impact: Severe CET1 consumption
DEALER CASH FLOW +15 Days WCR

Dealership Operational Bottlenecks

Administrative and handover friction stretches vehicle delivery to 14 days, freezing 1.2M€ of unproductive working capital per point of sale while degrading NPS.

Efficiency upside: 1,350€ / vehicle
MARKET SIZING (TAM / SAM / SOM)

A Massive Market Captured via High-Density B2B Distribution

A focused strategy targeting the Top 200 automotive dealer groups in France and Western Europe, each managing 10 to 80 dealerships.

TAM (Total Addressable Market)
400B€

Residual Value portfolio at risk across Europe

Automotive financing and leasing assets under management across Europe (15M new/used vehicle registrations annually).

20 Major Captives & Financial Lessors
SAM (Serviceable Addressable)
200 Groups / 15k PoS

15,000 Dealerships across Western Europe

The Top 200 French automotive groups and captive bank partners (72M€ annual SaaS ARR market potential).

3.5 Million Vehicles / Year
Year 3 SOM (Serviceable Obtainable)
38 Groups / 6.56M€ ARR

38 Groups Signed (570 Dealerships)

Capturing 38 groups (570 dealerships, 171,000 vehicles/yr) by Year 3, representing 19% of the Top 200 with 3,247k€ EBITDA.

59.1% EBITDA Margin • 3.88M€ EBITDA
Product Architecture & Moats

The Dual-Product Moat:
Showroom Handover OS + Actuarial Risk Engine

A single unified platform orchestrating physical delivery at dealerships and computing real-time actuarial risk for financial captives.

B2B FRONT-OFFICE • DEALERSHIPS Real-Time • Mobile-First

Handover OS: The Frictionless Showroom Experience

Native web and mobile app empowering vehicle handover specialists, sales reps, and delivery coordinators to streamline the customer journey.

Delivery time cut by 50% guaranteed
DSP2 / OPEN BANKING

Instant Financial Passport

Strong SCA authentication and automated credit assessment via secure Open Banking APIs. Debt capacity validation in < 4 minutes with zero paperwork.

eIDAS & GDPR compliant in 30s
STANDARD REP-001

Smartphone Condition Inspection

Self-guided vehicle inspection at D-3 prior to handover with contractually binding wear scales and certified timestamps. 100% elimination of delivery disputes.

Legally unchallengeable proof
AUTOMATISATION SIV & ANTS

SIV Gateway & Telemetry Activation

Biometric KYC verification with Liveness Detection. Instant automated generation of provisional registration (CPI) and embedded insurance activation.

Zero administrative rejections
B2B2C RISK ENGINE • BANKS & CAPTIVES Actuarial Core • Big Data

Actuarial Engine: Monte Carlo Dynamic Risk Pricing

Probabilistic computing engine modeling real-time asset depreciation to protect bank balance sheets against residual value volatility.

IFRS 16 Stress Accuracy: 5.8x higher
MONTE CARLO STOCHASTIQUE

Jump-Diffusion & RV Modeling

Stochastic Jump-Diffusion simulations delivering P10, P50, and P90 distributions. Real-time integration of battery State of Health (SoH) and Days on Market.

Continuous EV telematics stream
IFRS 16.77 & IFRS 9 ECL

Audit Trail & Strategic Put Option

Rigorous modeling of Wrong-Way Risk and rational handback put-option exercise by lessees. Linear smoothing of unhedged residual value (UGRV) impairments.

Certified SHA-256 audit trail
BÂLE IV & RATIO CET1

Prudential RWA Optimization

Algorithmic restructuring of buyback commitments between dealers and financial captives. CET1 capital relief by reclassifying assets away from 100% CRR 134(7) penalties.

Up to +45 bps of CET1 capital efficiency
Customer Value Proof

Network Adoption Engine: Immediate ROI & Hybrid Pricing

These direct cash flow (working capital) and margin gains enable our FinTech to sustain a 118% NRR and a sub-2% annual churn.

CLIENT ROI SIMULATOROFFICIAL BP BASELINE

Dealership Financial Impact Calculator

Actuarial modeling of unlocked working capital and post-signature cost savings.

Estimated Payback0.8 months

Automotive Dealer Group Inputs

15 PoS
1 site15 (Average Group)50 (National Major)
315 units / yr
150 (Rural)315 (Fintech Baseline)1 500 (High Volume Metro)
22 days
With Handover OS: 10 days (12 d saved)
20
Floor plan interest & insurance
WORKING CAPITAL CASH UNLOCKEDDirect Cash Flow
€5,436,986

Immediate cash freed across 4,725 deliveries via a 12-day reduction in vehicle holding time.

Holding Cost Savings
€1,134,000
Interest charges avoided
Avoided Cancellations
€637,200
Sales margins preserved
Total Annual Impact Generated€1,771,200
Handover OS Software Investment-€119,250
Net Annual Dealer Profit (ROI 14.9x)+€1,651,950
HYBRID PRICING DEMONSTRATOROFFICIAL BP BASELINE

Hybrid Fee & Licensing Simulator

Dynamic combination of recurring dealership subscriptions, unit usage fees, and captive API modules.

Effective All-In Cost25.2/ file

Commercial Scope Configuration

15 PoS
115 (Average Group)50 (National Major)
315 dossiers
100315 (Fintech Baseline)1 500
Captive Partner Actuarial Engine Add-on
TOTAL ANNUAL BUDGETMonthly: €9,938
€119,250HT / yr

Total software spend for 4,725 handovers across 15 dealerships.

Stream Breakdown
Fixed Dealership SaaS (400€/mo)
€72,000 (60%)
Transactional Usage (10€/file)
€47,250 (40%)
Captive API License
€0 (0%)
Estimated Net ROI for Group:> 8.7x value created
Unit Economics & SaaS Metrics

Financial Engine Efficiency:
9.2x LTV/CAC & 6.8-Month Payback Period

Exceptional unit economics driven by headquarter-level group enterprise sales and a hybrid SaaS + Usage business model.

EFFICIENCY RATIO VC Benchmark > 3x
9.2x
LTV / CAC Ratio

Top-tier commercial efficiency, far exceeding the 3.0x B2B enterprise SaaS industry benchmark.

PAYBACK PERIOD < 12 months
6.8 mos
CAC Payback Period

Full acquisition cost per dealership is recovered in less than 7 months of live operations.

ORGANIC EXPANSION Land & Expand
118%
Net Revenue Retention (NRR)

Organic compounding through automated rollout across all dealerships within signed dealer groups.

SAAS GROSS MARGIN Pure Software
92.4%
Software Gross Margin

High intrinsic profitability allowing aggressive commercial expansion without diluting bottom-line margins.

HYBRID REVENUE MODEL STRUCTURE

Triple Revenue Engine

The FinTech captures value across the entire vehicle lifecycle, from showroom scheduling to bank balance-sheet provisioning.

STREAM 1 • RECURRING SAAS

Dealership Subscription

400 € / mo / dealership

Handover OS access, multi-dealership executive reporting dashboard, real-time DMS sync (Reynolds, Cardiff, BeeDeeM) and 99.9% SLA.

STREAM 2 • TRANSACTIONAL USAGE

Fee per Certified Handover

10 € / completed file

Usage volume fee: DSP2 Open Banking solvency, biometric eIDAS verification, guided smartphone auto-inspection and direct SIV registration.

STREAM 3 • ENTERPRISE API

Captive Risk Engine License

50 k€ - 90 k€ / yr / captive

Access to stochastic Monte Carlo jump-diffusion engine, IFRS 16.77 / IFRS 9 ECL provisioning audit trail, and Basel IV RWA optimization algorithms.

FinTech Business Plan • 3-Year ARR & EBITDA

Financial Model & Profitability Trajectory

ARR scaling from 519k€ (Year 1) to 6.56M€ (Year 3) with operational cash-flow break-even reached by Month 18.

FINTECH BUSINESS PLAN SIMULATOROFFICIAL BP BASELINE

Financial Trajectory & 3-Year Modeling

Dynamic simulation of ARR scaling, EBITDA operating leverage, and break-even runway.

Operating Break-EvenPost Year 2

Commercial Hypotheses & Rollout Levers

4 grp15 grp38 grp
YEAR 1
4 groups (60 PoS)
14,175 handovers (ramp 75%)ARR: €417,750
YEAR 2
15 groups (+11 nv.)
225 PoS • 60,244 handoversARR: €1,700,440
YEAR 3
38 groups (+23 nv.)
570 PoS • 172,368 handoversARR: €4,650,240
Operational Break-Even: EBITDA > 0 reached in Year 3
EBITDA €1,486,822 (32%)
Unit Levers & Network AssumptionsUniform 3-year basis
15 PoS
315 VN/VO
400
10
Captive Banking API Tier (3 Partners)Incremental +300k€ revenue in Year 3
YEAR 3 SOM TRAJECTORYBreak-Even M18
€4,650,240ARR

High operating leverage: 38 dealer groups (570 sites) generating +€1,486,822 EBITDA (32% margin) and €2,914,185 cash.

PILOT (M0 - M12)
Year 1
60 PoS (4 grp)
ARR Total€417,750
EBITDA-€1,241,936
14,175 unitsMargin: 90.5%Ending Cash: €2,358,064
BREAK-EVEN (M18)
Year 2
225 PoS (15 grp)
ARR Total€1,700,440
EBITDA-€558,996
60,244 unitsMargin: 91.8%Ending Cash: €1,799,068
MATURITY SOM (M36) • EBITDA > 0
Year 3
570 PoS (38 grp)
ARR Total€4,650,240
EBITDA€1,486,822
172,368 unitsMargin: 92.4%Ending Cash: €2,914,185
Year 3 Gross Margin:92.4 %
Year 3 Cumulative Cash:€2,914,185
Operational Break-Even:Year 3 (EBITDA > 0)
Seed Round Structure

Seed Financing:
3.6M€ to Capture the European Market

A seed round calibrated to reach 6.56M€ ARR, fund 24 months of runway, and achieve sustainable self-funding profitability.

AGREED VALUATION
7,0 M€ Pre-Money
9,6 M€ Post-Money

Based on 1.4M€ in capitalized R&D assets (>1,800 man-days in actuarial engineering, causal inference, and network core architectures).

EQUITY TRANCHE (SEED)
2,6 M€
Lead VC (1,5 M€ - 2,0 M€) + Syndicate Angels

Net dilution of 27.08% post-creation of a 10% unallocated ESOP talent option pool.

NON-DILUTIVE LEVERAGE
1,0 M€
Bpifrance (700 k€) + CIR Advance (300 k€)

Bpifrance Innovation Loan amortized over 7 years with 2-year grace period, secured against proprietary stochastic algorithm R&D.

24-MONTH CASH PLAN

Use of Funds Allocation

Runway : 24 Months (Zero Interim Need)
France Payroll
2 230 000 €
62 % of budget

8 Senior loaded FTEs (1.45x factor): Founders, Lead AI & DSP2 Engineers, Chief Actuary, Head of Sales, Captive KAM.

Sales & Go-To-Market
540 000 €
15 % of budget

Dealership commercial acceleration, industry summits, enterprise key accounts acquisition and DMS connector integrations.

R&D & Cloud GPU
468 000 €
13 % of budget

SecNumCloud sovereign EU hosting, VLM inference GPU clusters for condition photo analysis, and Monte Carlo servers.

G&A, DORA & Legal
362 000 €
10 % of budget

External DORA 2025/2026 compliance audits, ISO 27001 certification, PASSI penetration testing, and corporate M&A legal advisory.

CAPITAL STRUCTURE (POST-MONEY)

Cap Table Structure (Pre/Post Seed)

A balanced ownership distribution ensuring founder alignment and motivation for future Series A milestones.

Shareholder / Share Class Pre-Money Shares Pre-Money % Post-Money Shares Post-Money %
Founders & Core Leadership 700 000 100,00 % 700 000 62,92 %
Seed Investors (2.6M€ Equity) - - 301 250 27,08 %
ESOP Pool (Key Talent Incentive) - - 111 250 10,00 %
CONSOLIDATED TOTAL 700 000 100,00 % 1 112 500 100,00 %
Security & Regulatory Compliance

The Prudential Shield:
Tier-1 Banking Compliance & Certification

Architected from day one to exceed the highest compliance standards set by European banking authorities and bank risk committees.

BANKING REGULATION EBA/GL/2020/06

ACPR / Banque de France Alignment

Critical Outsourcing Process (PSEE) audit compliant with ACPR governance frameworks for Tier-1 financial institutions.

  • White-Box SHAP Values: Every credit scoring or residual value prediction is decomposed factor-by-factor for supervisory audits.
  • Quarterly Backtesting: Automatic recalibration against realized secondary automotive market transaction prices.
  • Audit-Ready Dossiers: One-click export of methodological audit binders enforceable before ACPR/ECB inspection teams.
Status: 100% Compliant EBA GL
CYBER RESILIENCE DORA 2025/2026

Comprehensive DORA Compliance

Digital Operational Resilience Act architecture: continuous penetration testing, multi-region cloud resilience, and audited business continuity.

  • Immutable SHA-256 Audit Trail: Tamper-proof cryptographic ledger recording every critical transaction and timestamp.
  • High-Availability BCP / DRP: RTO < 15 minutes, RPO = 0 with SecNumCloud multi-region synchronous replication.
  • TLPT Threat-Led Pen-Testing: Continuous offensive penetration audits conducted by ANSSI PASSI-certified labs.
Contractual SLA: 99.99% Guaranteed
DATA PRIVACY RGPD & AML/CFT

Sovereign EU Hosting & GDPR

End-to-end encryption (AES-256), exclusively hosted within the EU in ISO 27001 and SecNumCloud certified data centers.

  • Ephemeral Flush (< 30s): Raw DSP2 financial streams are permanently purged immediately post-ratio computation.
  • End-to-End Encryption: AES-256 data-at-rest with Hardware Security Modules (KMS) and mutual TLS eIDAS in transit.
  • Real-Time Sanction Screening: Automated PEP / Terrorism / Asset-freeze screening aligned with Tracfin & FATF.
Data Retention: 0 sec (Purge < 30s)
#
SHA-256 Merkle Tree Ledger : Every handover and underwriting calculation produces a legally verifiable cryptographic stamp.
HASH: 8f4e2b...d91c7a (eIDAS Trust Anchor)
Governance & Exit Horizons

Alignment & Value Creation:
Institutional Governance & Exit Multiples

Tier-1 investor protections and a clear strategic roadmap targeting a strategic exit within 4 to 6 years.

24-MONTH OPERATIONAL TRAJECTORY

The 4 Value Creation Milestones

MILESTONE 1 • MONTH 6

Pilot Core & Dealer Integration

Deployment of pilot group (15 PoS), completion of key DMS connectors (Reynolds, Cardiff, BeeDeeM) and live DSP2 APIs.

ARR : 150 k€ • 15 Dealerships
MILESTONE 2 • MONTH 12

DORA Audit & Scale

DORA & ISO 27001 certification finalized, Year 1 closing with 60 active dealerships and verified cryptographic audit trail.

ARR : 519 k€ • 60 Dealerships
MILESTONE 3 • MONTH 18

EBITDA Break-Even

Operational EBITDA profitability reached. First Tier-2 financial captive contract signed and dealer NRR accelerating to 118%.

Net Cash-Flow Positive
MILESTONE 4 • MONTH 24

Self-Funding or Series A

225 dealerships consolidated, robust cash reserves (3.67M€) enabling organic self-funding or a strategic Series A for pan-European expansion.

ARR : 2,44 M€ • EBITDA +819 k€
BOARD OF DIRECTORS

Board Composition (5 Seats)

A balanced governance structure ensuring swift operational execution and investor fiduciary oversight.

1.
2 Founder Seats : Product vision, executive leadership, and dealer operations.
2.
2 Investor Seats (Lead VC) : Financial KPI tracking, governance, and follow-on financing.
3.
Liquidation Preference : 1x Non-Participating, standard market terms aligned with Venture Capital best practices.
4.
Founder Reverse-Vesting : 4-year vesting schedule with a 1-year cliff securing long-term founder alignment.
EXIT SCENARIOS & STRATEGIC ACQUIRERS

Natural Acquirers & Valuation Multiples

The unique intersection between physical dealer handovers and balance-sheet risk creates 3 high-premium acquisition channels.

Automotive Tech & DMS Vendors Reynolds & Reynolds, CDK Global, Solera, BeeDeeM : Completing their dealership software suites with real-time delivery and asset pricing capabilities. Target Valuation: 8x - 12x ARR
Bank Captives & Major Lessors BNP Paribas Arval, Ayvens (ALD/LeasePlan), Crédit Agricole Auto Bank : Internalizing the IFRS 16 actuarial risk engine to immunize multi-billion euro portfolios. Target Valuation: 7x - 10x ARR
Private Equity Software Buyouts Hg Capital, Francisco Partners, TA Associates : European roll-up of a high-retention FinTech leader with 92% gross margin and 49% EBITDA margin. Target Valuation: 14x - 18x EBITDA
Exit Target Benchmark: 8x - 12x ARR (> 50-80M€)
Secure Data Room Access • Strict Confidentiality

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