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Helping companies run digital general assemblies with ease
Founders
Olav Akrawi & Rony Solaiman
Founded
2019
Success Story
Acquired in June 2022 by Folkeinvest
Sector
Fin Tech
Services
Problem discovery
User research
Idea discovery
Prototyping
Partners from launch
Robert Dijkstra, Lise Sværi Madeleine Sand, YMIR
In 2021 Norway experienced its highest sick leave figures for the past 10 years.
Norway has the highest sick leave in Europe mainly due to musculoskeletal disorders, mental disorders, poor diet and too little physical activity. Few companies have the resources nor tools to provide their employees with a way of working proactively with their own health.
The Challenge
With the onset of the covid19 pandemic and social distancing, traditional means of hosting board meetings and Annual General Meetings (AGM) required a radical change. The challenge was to reinvent the way in which companies conducted AGM’s and other meetings in a secure, compliant, paperless and efficient digital environment and where multiple platforms and tools could be merged in one solution.
Our goal was to turn Caplist`s idea into a market first solution and to onboard 1000 shareholders in year 1.
Our goal was to turn Caplist`s idea into a market first solution and to onboard 1000 shareholders in year 1.
The Opportunity
A powerful legal software that helps companies run digital general meetings, manage shareholder processes and investor communication with ease.
Who are we solving for?
We discovered that board members and shareholders are the key players that will benefit from a solution that solves this challenge
Both needed to
- Perform real-time and pre-voting.
- Access communication channels and updates.
- Have the ability to digitally sign documents.
In addition, board member needed to
- Create secure and scalable digital infrastructure to run their general meetings and board meetings.
- Create audit logs for every event performed by the board members on the platform
- Secure storage of documents and files.
- Simplify the process of conducting legal meetings.
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What we did to solved the problem
Automated general meetings and secure documentation transfer and storage.
- Organize AGMs and send out invites to the scheduled meeting
- See an equity breakdown per shareholder
- Share and upload shareholder agreements and certificates
- Enable digital registration
- Facilitate pre and real time voting
- Provide on-demand access to legal support.
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The team defined the core value proposition and customers, the scope of the MVP, design, built and launched to market. We utilised: Lean canvas, archetype development, journey mapping, prototyping and user testing.
It was to be launched directly to the market, but cognisant of who we target so we could provide great customer support for the first onboarders.
Employers’ Goals
We created an easy to use subscription based web application whereby a company can choose a subscription that is right for them and their employees
Employees’ needs
We created a web application that allows employees of a company to access the platform at any time, anonymously and at no cost to the employee. The employees have 6 different digital healthcare services to choose from.
Outcome
To track how the product is performing we look at how many active shareholders are interacting with the platform and how many board meetings have been conducted.
To date :
To date :
To track how the product is performing we look at how many active shareholders are interacting with the platform and how many board meetings have been conducted. To date :
10 000+ shareholders
The threshold for booking the services is reduced as everything is done digitally and is 100% anonymous
Children under 16 are included in all packages
Children under 16 are included in all packages
250 + general meetings
You work proactively to reduce sickness absence and increase the productivity of your employees
Time saver
You work proactively to reduce sickness absence and increase the productivity of your employees
Advantage
You become a more attractive employer
Going forward
After the acquisition by Folkeinvest we have plans to implement
- Investor portal which will provide investors a place to overlook and connect with companies on Caplist through GM or investor updates.
- Improve data security and access for the platform.
Ymir Startup Studio would love the chance to make your idea flourish
Ready to work with us?
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