Parble
GenAI-powered IDP platform for financial services, acquired by Netcall in September 2024 for up to €8.7 million.
Overview
Parble (operated by Contract.fit) provides cloud-native intelligent document processing specifically designed for banking and insurance sectors. Founded in 2016 in Brussels, the platform differentiates through prompt-controlled AI models requiring minimal training versus traditional ML approaches needing numerous examples. The company serves major European financial institutions including Generali, Baloise, and Vanbreda Risk & Benefits, having processed over 58 million documents with 97% time savings reported by customers.
Netcall acquired Contract.fit on September 16, 2024 for €8.7 million plus €1.1M net debt, with €4M earnout tied to ARR growth from €1.5M to €3.3M within three years. The acquisition followed strong 2023 performance with 30% revenue growth to €1.48M and 34% ARR growth to €1.19M, turning profitable with €0.17M profit versus €0.21M loss in 2022.
James Ormondroyd, Netcall CEO, emphasized Parble's "cloud-native platform that is scalable, processing tens of millions of documents per year" to strengthen Netcall's Liberty platform and expand beyond the UK market. Pol Brouckaert, Contract.fit Founder, noted the integration allows delivering "even more value to current and future customers" through combined process management and IDP solutions.
Key Features
- Prompt-Controlled GenAI: AI models customizable via prompts without extensive training
- Cloud-Native Architecture: Scalable processing of tens of millions of documents annually
- Drag-and-Drop Wizard: Auto-recognition of fields populated through generative AI
- Document Splitting: Automated separation and classification capabilities
- Human-in-the-Loop Validation: Enterprise workflow integration with review processes
- SSO and User Management: Enterprise authentication and access controls
- Open Source SDK: Developer integration capabilities
Use Cases
Insurance Claims Processing
Insurance companies including Generali and Baloise automate claims document handling using Parble's GenAI to extract claim details, validate information, and route documents to appropriate handlers.
Banking Client Onboarding
Banks implement Parble for KYC document collection and verification, processing identity documents, proof of address, and financial statements while flagging incomplete applications.
Email Management for Financial Services
Financial institutions use Parble's email indexation to automatically categorize and distribute correspondence, classifying by type and urgency while routing to appropriate departments.
Technical Specifications
| Feature | Specification |
|---|---|
| Platform Type | Cloud-native GenAI IDP |
| AI Technology | Prompt-controlled generative AI |
| Document Volume | 58+ million processed to date |
| Time Savings | ~97% reported by customers |
| Document Types | Invoices, receipts, purchase orders, bank statements, CVs, shipping documents |
| Target Industries | Financial services, insurance, banking |
| Enterprise Features | SSO, user management, human-in-the-loop validation, document splitting |
| Integration | Open source SDK, Liberty platform integration |
Resources
Company Information
Headquarters: Brussels, Belgium
Founded: 2016
Acquisition: Netcall (September 16, 2024, €8.7 million + €1.1M net debt)
Initial Consideration: €4.7 million
Earnout: €4 million tied to ARR growth targets
Status: Operating as part of Netcall with founders and employees remaining in Belgium