We Are Gretel: Company Profile

Background

Overview

We Are Gretel is a UK-based fintech company specializing in reconnecting financial institutions with their dormant or "gone away" customers. By leveraging advanced technology, Gretel facilitates the recovery of unclaimed assets, ensuring that customers remain connected to their financial entitlements. The company operates as part of IntelliTeq, focusing on assisting organizations in navigating regulatory challenges related to data and governance while enhancing outcomes through process digitization.

Mission and Vision

Gretel's mission is to bridge the gap between financial institutions and their disconnected customers, enabling the swift recovery of lost assets. The company's vision is to create a seamless digital hub that supports customer reconnection, digital engagement, and the retrieval of unclaimed assets, thereby improving accessibility to the financial services industry in the UK.

Industry Significance

In the UK, millions of pounds are tied up in dormant accounts, affecting a significant portion of the population. Gretel addresses this issue by providing a platform that simplifies the process of reconnecting customers with their financial assets, thereby enhancing financial inclusion and customer satisfaction.

Key Strategic Focus

Core Objectives

• Customer Reconnection: Utilize technology to identify and reconnect financial institutions with their dormant or "gone away" customers.

• Asset Recovery: Assist customers in recovering unclaimed assets, ensuring they receive all entitled value.

• Regulatory Compliance: Support financial institutions in adhering to data and governance regulations through process digitization.

Areas of Specialization

• Digital Engagement: Develop digital solutions that facilitate customer reconnection and engagement.

• Financial Inclusion: Enhance accessibility to financial services for vulnerable and disconnected customers.

Key Technologies Utilized

• Proprietary Search and Match Capability: An advanced system that enables customers to identify where they may have become disconnected across various sectors of the financial services industry.

• Automated Monitoring: Tools that address the root causes of disconnection, ensuring ongoing customer connectivity.

Primary Markets Targeted

• Financial Institutions: Banks, insurance companies, and other financial entities seeking to reconnect with dormant customers.

• Consumers: Individuals who have lost track of their financial assets and are seeking to recover them.

Financials and Funding

Funding History

• Total Funds Raised: As of the latest available data, Gretel has raised a total of £2.5 million in funding.

• Recent Funding Rounds: Specific details regarding recent funding rounds are not publicly disclosed.

• Notable Investors: Information about individual investors is not publicly available.

• Utilization of Capital: The raised funds are intended to support the development and expansion of Gretel's platform, enhance technological capabilities, and broaden market reach.

Pipeline Development

Key Pipeline Candidates

• Digital Hub Platform: A comprehensive digital solution designed to facilitate customer reconnection and asset recovery.

Stages of Development

• Platform Launch: Gretel's platform is operational, offering services to both financial institutions and consumers.

Target Conditions

• Dormant Accounts: Accounts that have been inactive for extended periods, leading to disconnection between customers and financial institutions.

Anticipated Milestones

• User Growth: Increase in the number of financial institutions and consumers utilizing the platform.

• Asset Recovery Volume: Growth in the total value of unclaimed assets successfully recovered through the platform.

Technological Platform and Innovation

Proprietary Technologies

• Search and Match Capability: An advanced system that enables customers to identify where they may have become disconnected across various sectors of the financial services industry.

• Automated Monitoring: Tools that address the root causes of disconnection, ensuring ongoing customer connectivity.

Significant Scientific Methods

• Data Matching Algorithms: Algorithms designed to accurately match customers with their dormant accounts across different financial institutions.

• Automated Reconnection Processes: Systems that streamline the process of reconnecting customers with their financial assets.

Leadership Team

Duncan Stevens

• Position: Co-Founder & Chief Executive Officer

• Professional Background: Duncan has extensive experience in financial services and technology, having been involved in returning over £2.5 billion in forgotten and dormant assets to over 1.5 million people.

Tom Simmonds

• Position: Co-Founder & Chief Operating Officer

• Professional Background: Tom brings a wealth of experience in financial tracing and technology, contributing to the recovery of significant sums in dormant assets.

Ashley Hollands

• Position: Co-Founder

• Professional Background: Ashley has a strong background in financial services and technology, playing a key role in the development and success of Gretel.

Market Insights and Competitor Profile

Market Size and Dynamics

The UK financial services industry holds a substantial amount in dormant accounts, with estimates suggesting nearly £90 billion in unclaimed assets. There is significant potential for growth as financial institutions seek efficient solutions to reconnect with dormant customers and recover unclaimed assets. Increasing emphasis on financial inclusion and regulatory compliance is driving demand for services like those offered by Gretel.

Competitor Analysis

• Tonic: A company specializing in synthetic data generation for AI applications, with a focus on data privacy.