Klooks

Our Business Makes $60K/Month Turning Corporate Financial Statements Into Standardized Data

April 23rd, 2023
Alexandre Abu-Jamra
Founder, Klooks
$60K
revenue/mo
3
Founders
35
Employees
Klooks
from Porto Alegre, RS, Brasil
started March 2012
$60,000
revenue/mo
3
Founders
35
Employees
market size
$998B
avg revenue (monthly)
$29.7K
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth channels
Word of mouth
business model
content-library
best tools
Google Adwords, Facebook, Instagram
time investment
Full time
pros & cons
39 Pros & Cons
tips
3 Tips
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Hello! Who are you and what business did you start?

My name is Alexandre Abu-Jamra. I'm a Brazilian tech entrepreneur and I run K-Looks. The business is specialized in organizing unstructured financial data, probably the most unstructured type of data around. Basically, we find and turn corporate financial statements (pdf files that are very messy from a structural point of view) into standardized indexed data with "post-OCR" processing.

We go beyond optical character recognition algorithms (OCRs) to solve this problem and deliver accurate, fully customized data solutions (format, chart of accounts, etc.).

That's quite a pain, especially in credit departments of banks, insurance companies, and large corporations. Our process is a combination of engines that extracts and categorizes data automatically with human quality assurance. The process delivers data of higher quality than that generated by any highly trained credit analyst with record TAT and scalability. Seamless integration, and multi-language offering: Portuguese, English, and Spanish. Give me a month and I can do German as well!

We service some of the main Brazilian financial institutions such as Caixa, Citi,...

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