We launched Reports which give you the ability to share your valuations and forecasts in real-time with potential/current investors, board members, advisors, or anyone you want to keep informed. You no longer need to rush to update that model when a potential investor asks for it or when its time to check on your budget!
After seeing a large amount of users sign up, input historical information and then once getting to the forecasting section leave. We picked up the pace on the development of Pital Forecasting and launched it. With Pital Forecasting, you can now forecast for your valuations right within the same place and then use those forecasts to budget! More metrics including entire P&L, Balance Sheet and Cash Flow is coming soon!
After launching on the morning of April 10th, we posted on various sites and received our first customer instantly. We had a good day when it came to traffic and eventually saw some problems and updates that we needed to make. We also saw that a forecasting feature was needed ASAP.
Utilizing R and the Plumber API package that comes with, I built the valuation and projection API's to be used in my product. Knowing Bubble, the no-code development platform, I then utilized Bubble to build the front end and then connected my backend API's and Bubble together to finish the MVP.
After coming up with the idea for my dissertation on the use of Machine Learning in Financial Modeling after having to constantly update my own financial model for my other businesses, I came up with the idea to eventually take my studies and turn it into a product/service. It was then that Pital & Co was born.