Entrepreneurship: addressing future needs through...
NEOFACTO has been assisting companies with their digitalisation since 2000 in Luxembourg, navigating its way between the creativity of start-ups and the...
We are a young start-up from Luxembourg, founded by Samuel Morin four years ago. We are a team of seven people, and have previously been supported by the Luxembourg government through the Lux’Innovation programme. We are also a member of the ABBL FinTech Cluster.
Our customers include some of the largest Luxembourg banks, as well as a few non-banking institutions.
We are just beginning to expand internationally. Some of our customers are among ohters, the EIB, Unibail-Rodamco and Cora.
We are also practically the only one in Europe!
We work in the field of metadata management, which deals with the structure of data—in other words, the frameworks that contain data. We are the only publisher in the country that offers software solutions to manage metadata.
Information systems are almost always old, complex, and jumbled together when it comes to decision-making data. They cost big money for companies and don’t bring the expected guarantees in terms of data quality.
Indeed, the number of users and publishers, along with the variety of information to be archived, have caused data volumes to skyrocket. There are two possible options. One would be to regain control of these systems by simplifying them with IT personnel. This option is slow, expensive and inefficient, and not very rewarding for the personnel involved. Another option would be to automate a large part of the process. That’s our approach.
We automate the analysis of business intelligence systems, producing information for all decision-makers in a company.
Using the information we collect, we build certain solutions:
We first met with nyuko at our office in Luxembourg. Nyuko helped us create our pitch deck, which laid out our value proposition. Partially thanks to them, we were able to complete our first round of fundraising in a very short span of time. With Nyuko’s support, we were able to join a business mentoring programme. Our regular discussions with our mentor have helped clarify a whole host of questions related to business development.
Nyuko has signed a partnership with Spuerkeess, in order to foster entrepreneurial spirit and strengthening the bank's position with company founders from the start of their businesses. More info in our article:https://www.bcee.lu/en/blog/experts-corner/nyuko-fostering-entrepreneurial-spirit/.