@MateraImmo is a great example of embedded fintech features for corporations

Here comes the memorandum ride, get in there!

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0/ I was looking for a condominium service solution, and I came across Matera. I didn’t know much of this market and the problem it solves as I was new in property management. https://twitter.com/cparraam/status/1272474951531016193?s=20
1/ Matera is a Saas solution providing to condominium (also called condo) co-owners a global solution to manage their building themselves.

Proper management of a building needs accounting, legal, and administrative running. Something not everyone masters😅
2/ In France, 80% of the co-owners opt for a simple delegation to a professional third party, because its convenient.

While recently, the market has seen a surge in cooperative building management, disintermediating third parties often seen as incompetent.
3/ With 9.7M condo in France (28% of building stocks), and a 8€/month/flat the annual TAM is around € 930M.

Yet the business model may evolve as the value proposition keeps increasing over time, thus the TAM may expend to adjacent market
4/ After a rapid onboarding, free of charge, and mostly done by Matera’s team, all co-owners have a direct global view of their building.

They can manage all daily tasks directly on Matera, with a network of experts to handle more complex services.
5/ Embedded Fintech

Matera handles everything that involves money in building management. The platform allows money collection from co-owners every month and checks how the money is spent.

Also, it now can give you a quote for multi-risks insurance for the building.
6/ What a killer team 🔥

They are highly selective in their recruitment. They look for experts and empathic people to drive a shift in property management.

They also have a solid board with @IndexVentures & @samaipatavc
7/ Customer testimonials are consistent. Once acquired, allowing up to 50% reduction in the burden on building management and easier resolution of day-to-day problems is a game-changer.

This results in extremely high customer satisfaction
8/ Distribution & Referral
The wow customer experience translates into an organic growth driven by word of mouth (and more recently sponsorship program).

Indeed, 20% of new customers are actually brought by existing customers.
9/ Incumbents are uncomfortable with Matera's growth. They especially did not like their last marketing campaign, pinpointing where it hurts.
10/ Mapping

During my research, I have identified a few proptech mappings.

I thought it was an interesting exercise to make my own from scratch focused on home finance management.

Here is my first draft! Feel free to help me on that one :)
If you enjoyed it, please do share :)

I also write a weekly newsletter about Fintech which you may like.

Have a nice week you all 👋🏻 https://parram.substack.com/ 
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