ABC Doc

ABC Doc was launched by the co-founder of the music startup Endel Vladislav Pinsky and IT entrepreneur Marina Guseva. In the startup application, AI technology works to recognize the text and its meaning. She can quickly assess the contents of the letter and say what to do with it: answer, dispute or pay the bill.

By December 2021, ABC Doc has a free test period of four months, after which you can subscribe. The minimum cost is €3 per month and includes recognition of five letters and five consultations.

History

2021: Attraction €500 thousand

The Impulse VC Fund, one of the first investors of which was billionaire Roman Abramovich, took part in the funding round of the German document recognition service ABC Doc. This became known in December 2021.

In total, 500 thousand euros were invested in the startup following the results of this transaction, which will go to initiatives to increase the platform's user base and test product hypotheses.

Immigrants from Russia launched the ABC Doc document recognition service in Germany and attracted €500 thousand for it.

Two months after the launch of the application in 2021, more than 3 thousand people used it (their own data ABC Doc).

Co-founder Vladislav Pinsky is confident in the high demand for ABC Doc services, given that, according to the University of Hamburg, by 2021 about 6.2 million residents Germany (12.1% of the country's economically active population) have difficulty understanding the text longer than three proposals. There are also 11 million migrants in the country who may need help communicating with government agencies.

The problem of paper bureaucracy causes damage to the German economy in the tens of billions of euros per year. The average family receives up to 700 letters a year, ignoring or incorrectly answering many leads to fines and legal consequences. Our mission is to translate into an online format all the communication of German residents with government agencies and representatives of insurance and other companies, "said Pinsky.[1]

Notes