Check Out More Than 50 Pitch Decks That Helped Fintechs Disrupting Trading, Investing, And Banking Raise Millions In Funding

Insider is looking for the next wave of new startups that combine finance and technology.

Check out these presentations to find out how fintech founders sell their vision.

See more stories on the Insider business page.

Fintech funding was in tears.

According to CB Insights, global Fintech funding will hit a record $ 132 billion in 2021, more than double that of 2020.

Insider is looking for the next wave of new startups that combine finance and technology.

Check out these presentations to see how fintech founders sell their vision and make big money out of it. You'll see new financial technologies designed for freelancers, new changes in digital banking, and innovations designed to make it easier for customers to start.

Fintech defines "money management

Michael Simon launched NDVR in January based on a desire to create a new type of investment company for wealthy investors. Someone who believes "will fix the money management".

Simon has been a client of major banks such as Goldman Sachs, Morgan Stanley, UBS and even a robo advisor. But he felt there was no single investment strategy that suited his family planning needs, as many solutions seemed like one-size-fits-all proposals. He then developed a portfolio management program that tailors portfolios and investment strategies to the needs of wealthy investors.

NDVR has attracted well-known venture capitalists as sponsors. Karen Pritzker, one of the heirs to Hyatt's fortune, invested through her venture capital firm, Launch Capital. Polaris Partners led the company's $ 19 million A Series, while Simon and Polaris led the $ 20 million NDVR B Series, which closed in July.

Digital banking news

Consumers are getting used to the idea of ​​office-free banking, which only new digital banks like Chime, N26 and Varo benefit from.

the story continues

Most of these fintech companies target low-income clients and use debit cards to monetize the exchange. But HMBradley has a different business model.

"Our contention was that we don't use our debit cards very often and we don't think our target customer base does either," HMBradley co-founder and CEO Zach Brunke told Insider. "Many of our customers use credit cards on a daily basis."

Instead, the startup aims to attract fixed-deposit customers. As a result, the bank offers interest rates depending on how much the customer saves on direct deposit.

Please note that the fees are not based on the net amount, but on the savings percentage.

"When you save more than is included, we will pay you more," Brunke said. “We didn't want to divide customers by how much money they have. Therefore, it will always be a percentage of the income. It was very important to us. "

Personal finance

The COVID-19 pandemic highlighted the growing benefits of mobile banking as customers can manage their finances online.

A similar increase in activity was observed in Albert's financial program. Deposits in Albert's savings program, which currently has more than six million members, have doubled from $ 350 million to $ 700 million since the start of the pandemic in March 2020 to May this year, according to new data released by the society.

Albert, founded in 2015, offers automated budgeting and savings tools as well as managed investment portfolios. The company sought to distinguish itself with customized features, such as the ability for customers to message financial experts.

The budget and savings features in Albert are free. But for more personalized financial advice, customers pay for a pay-as-you-go subscription of $ 4 to $ 14 per month.

And now Albert is betting on a new tool that will combine investments, savings and budgeting tools.

Generation Z financial coach

Jessica Chen Riolfi, who worked in a personal finance company, has always heard the same concern from users: "I don't know what I'm doing".

Whether they're considering which stocks to choose for Robinhood or looking to make a living with Earnin, a payroll startup, Chen Riolfi often helps users find the best way to save, spend and invest. problem.

In his latest role, Chen Riolfi, who hopes to finally help users overcome their doubts and confusion, is the co-founder and CEO of Uprise, a free financial advisory app that aims to provide a normally limited supply to the wealthy. . the public. . the public.

"What we're building at Uprise is what we're really seeing democratizing access to private family offices," Chen Riolfi told Insider. “There is someone who monitors your finances and optimizes them. Helping people sleep better at night is what we're trying to convey. "

"Immigrant Bank"

Rohit Mittal recalls the hardships he faced when he first arrived in the United States ten years ago while studying for a masters degree at Columbia University.

An immigrant from India, Mittal had no credit history in the US and struggled to integrate into the financial system. Mittal even had trouble getting permission to rent an apartment and scoured sofas until he found a roommate willing to offer him a place in his New York City apartment in Morningside Heights.

That roommate was Priyank Singh, who co-founded Mittal when the two founded Stilt, a fintech company designed to solve the problems Mittal faced when he arrived in the United States.

Stilt, which bills itself as an "immigrant bank," doesn't require a social security number or credit history to access its offerings, including unsecured personal loans.

Instead of relying on traditional metrics like credit score, Stilt uses data like education and employment to predict a person's future income and cash flow stability before making a loan. Stilt's loans have grown 500% over the past 12 months and since inception has provided loans to immigrants from 160 countries.

IRA for alternatives

Fintech startup Rocket Dollar, which helps users invest IRA dollars in alternative resources, has raised $ 8 million in Series A funding, the company announced Thursday.

Park West Asset Management led the round with investors including Hyphen Capital, which supports Asian-American entrepreneurs, and the risk arm of cryptocurrency exchange Kraken.

Rocket Dollar, founded in 2018 by CEO Henry Yoshida, CTO Rick Dood and VP Marketing Thomas Young, currently manages over $ 350 million in assets on its platform. Yoshida sold his first startup, robot consultant Honest Dollar, to Goldman Sachs' investment management department for about $ 20 million.

Yoshida told Insider that while ultra-high net worth investors invest their dollars in a retirement account in alternative assets like real estate, private equity, and cryptocurrencies, ordinary investors haven't historically had the same opportunities to invest their dollars. alternative assets through traditional platforms.

Business software

The fintech of the future caters to some of the largest companies in the world, offering retail investors the opportunity to drive social and environmental change by uniting shareholder rights.

Tulipshare, based in London, allows people in the UK to invest just £ 1 in the company's shares. The startup combines the rights of individual shareholders with other like-minded investors to protect environmental, social and corporate change in companies like JPMorgan, Apple and Amazon.

The objective is to acquire more shares in order to increase the number of votes that can be cast at the meeting. Tulipshare, already a UK regulated broker, recently applied to be registered as a broker in the US.

"If you ask your friends and family if they vote on shareholder decisions, the answer is likely to be close to zero," CEO and founder Antoine Argouges told Insider. “I founded Tulipshare to use shareholder rights to drive positive business change that affects people's lives and our planet. What could be more powerful than money to change the system we live in?

Digital tools for independent financial advisors

Jason Wenk began his investment research career at Morgan Stanley over 20 years ago. Now he runs a company that hopes to expand access to financial advice for the less wealthy.

The startup raised $ 50 million in Series B funding led by Insight Partners with contributions from investors Vanguard and Venrock. The round brought the Los Angeles-based startup's total funding to just under $ 67 million.

Founded in 2018, Altruist is a digital brokerage firm created for independent financial advisors and aims to be an all-in-one platform that combines archiving, portfolio accounting and a customer engagement portal. This allows advisors to open accounts, invest, model, create reports, trade (including short stocks) and bill clients through a single interface that can free advisors time by eliminating routine transactional activities.

Altruist aims to make personalized financial advice cheaper, more efficient and more comprehensive with a platform designed for Registered Investment Advisers (RIAs), a growing segment of the wealth management industry.

Debt collection overview

Debt collection from creditors is largely automated. But for people with credit card debt, this can be a confusing and stressful process.

Relief wants to change it. Their software automates the credit card collection process for users by negotiating with creditors and debt collectors to resolve outstanding balances on their behalf. Fintech launched and closed a $ 2 million seed round led by Collaborative Ventures.

Relief's fundraising experience is slightly different from most others. The presentation, which he shared with an investor via Google Slides, went viral. He intended to raise a $ 1 million seed round, but ended up doubling that amount by returning money to some investors to make room for others.

The next level of software for nonprofit small business lenders

By the time Gabriela Campoverde entered the University of Pennsylvania business school in 2020, she already had work experience in two of the largest financial firms in the country, American Express and Goldman Sachs.

But instead of using his time at Wharton to find another job at a major financial firm, he focused on meeting the business needs of the Mexican community in South Philadelphia. Campoverde went door-to-door talking to small business owners like South Philly Barbacoa, one of the busiest restaurants in the city, and learning about the capital shortage that Hispanic and Latino entrepreneurs face.

To date, Miren hasn't raised any stakes (at first, according to Campoverde, many VCs weren't linked to CDFI lenders), but the fledgling startup has raised over $ 46,000 in grants, including a $ 10,000 salary. Google for startups. Visible Hands announced a partnership with a venture capital firm in August this year.

Also in August of this year, Campoverde was named a finalist for the David Award, a $ 200,000 charity award awarded annually to five New Yorkers (Campoverde is from Queens).

Help small banks to lend

For large corporations with experience entering credit markets, debt issuance is a well-structured and defined process, managed by the country's largest investment banks and accounting groups.

But SMEs, typically with annual revenues of up to $ 1 billion, tend to be served by regional and local banks that lack the ability to adequately measure credit risk or price competitively. According to the National Center for the Middle Market, 200,000 businesses fall into this category, accounting for approximately 33% of US GDP and private sector employment.

Dallas fintech CollateralEdge is working with these banks, typically with assets ranging from $ 1 billion to $ 50 billion, to help analyze and evaluate commercial and industrial lending segments that were not previously leveraged by lenders. smaller.

On October 20, CollateralEdge announced a $ 3.5 million seed round led by Dallas-based venture capital fund Perot Jain with Kneeland Youngblood (founder of private equity firm Pharos Capital) and other private investors.

A new method of assessing creditworthiness.

As a child, Kurt Lynn never saw his father get angry.

Lin said his father emigrated to the United States in the 1970s as a "traditional stoic". Becoming part of the financial system has been more difficult than assimilating to a new culture.

Lin recalled visiting bank after bank with his father as a child, only to find his father's mortgage applications were turned down because he had no credit record.

"It was the first time in my life that I saw it break," Lin told Insider. "The system doesn't work for a lot of people, including my father," he said.

Years later, Lin found a solution to his father's problem by working with Anish Basu and Curtis Lee on an automated health savings account. The trio realized that integrating the payroll data they were working on could form the basis of a product that would help lenders work with bad credit consumers.

"A light bulb went on," said Lin, CEO of Pinwheel.

In 2018, Lin, Basu and Li founded Pinwheel, an application programming interface that exchanges payroll data to serve consumers with limited or bad credit who have historically struggled to access the financial products of both fintech companies and traditional lenders.

Alternative car loan

An alternative auto loan for poor and bad credit Latin American borrowers plans to expand nationwide after a $ 90 million investment from BlackRock-managed funds.

Tricolor is a Dallas-based auto lender that is a community development financial institution. It uses a special artificial intelligence engine that identifies each customer based on over 100 data points as proof of income.

Half of Tricolor's customers have a FICO score, and less than 12% have a score above 650, but according to the deck, the average customer has lived in the United States for 15 years.

A 2017 survey by the Federal Deposit Insurance Corporation found that 31.5% of Hispanic households did not have a basic loan, compared to 14.4% of white households.

"For decades, the deck has opposed loans to Hispanics in the United States who do not have clearly low income or credit," said Tricolor founder and CEO Daniel Chu in announcing the increase. .

A new way to get a loan

Christy Kim knows firsthand how difficult it is to get a loan in the US without a good credit history.

Kim, who came to the United States from South Korea, was initially unable to obtain a loan despite having worked in investment banking after graduation.

"I was in my early twenties, had a good income, worked in investment banking, but I couldn't get anything," Kim told Insider. "Many young professionals like me deserve consideration, but because there is no FICO, we are not even given the opportunity to apply," he said.

Kim founded Tomocredit in 2018 to help others because ooooooooooooo

Помогает выплатить долги

Когда Хосе Бетанкур закончился Техасским университетом в Остине в мае 2019 года, он столкнулся с теми же особями, с принадлежащими им более 43 миллионов американцев: как он собирает студенческие ссуды?

Эта проблема привела Бетанкур к почти летнему путешествию, кульминацией которой стало создание двух стартапа, обязательного для того, чтобы облегчить доступ пользователей к возможности более плавного исключения всех видов долгов.

изначально Бетанкур и выпускник UT Марко дель Кармен явление GradJoy, приложение, которое помогает пользователям лучше понять, как управлять исключением студенческого кредита и другими историческими привычками.

GradJoy был принят в Y Combinator летом 2019 года. Но дуэт быстро, что реальная выгода для пользователей заключалась в том, чтобы девушки им переводили для осуществления платежей, а не давали им рекомендации.

«Когда мы запустили GradJoy, мы подумали: «О, мы просто собираемся советы — мы не думаем, что давать людям удобно, когда мы касаемся их студенческих кредитов», а потом мы поняли, что люди убивают: «Эй, просто переключись места. Вот такое движение мы и набаем, просто всем добнее, код финтехи ​​делают т, что ле д н н н н н н н

Несмотря на то, что банкам и хедж-фондам еще далеко до добавления количественных вычислений в свой технологический арсенал, это не помешало гигантам с Уолл-стрит вложить время и деньги в развивающиеся классовые технологии.

Qc ware, старый, стреящийся сократи врея и р, необхододимые д иоьзоьзовалкª teamvaways кванто внимание. 29 сентября финтех провел р с с с с с с с с с с с с с с с с с с с с с с с с с с с р н н н н

Комания qc ware, открытая в 2014 году, создает инвестиционные аоритмы д т т т к к + комания, к Goldman Sachs ( Алгоритмы с базовой кодовой базой, включающей элементы квантовой обработки, могут работать на различных из четырех основных распределений общедоступных облаков.

Квантовые обороты позволяют компании достигать высокой скорости, чем наблюдаемые компьютеры, используя формулу физики, которая работает с квантовыми битами, в отличие от редких единиц и нулей, которые используют компьютеры. Это особенно полезно в банковской сфере для рисков или логической торговли, где расчеты доходов на миллисекунды быстрее, чем конкуренты соблюдают фирмы.

Это был союз, Соглашение на небесах - по случаю, на Уолл-Стрит.

Бывший ИТ-директор Citadel и Barclays Джозеф Скери всегда боролся с оцифровкой финансовых документов. Когда бывший генеральный директор Credit Suisse Брэди Дуган поручил ему создать полностью цифровой инвестиционный банк в Exos, Скуэри начал первый год на то, чтобы стремиться от более чем дюжины инструментов, не присутствующих подробностей в финансовых юридических документах. .

Его решение пришло в виде Алекса Шумахера и Эрика Чанга, которые обладают технологическим и естественным опытом, следовательно, для создания необходимого ему инструмента.

Шумахер — эксперт в области обработки и естественного понимания языка, специализирующийся на преобразовании неструктурированного текста в полезную деловую информацию.

Сменил десять лет в качестве трейдера и инвестиционного стратега в Goldman Sachs, BlackRock и AQR. Он познакомился с типами финансовых документов, которые Скуэри хотел оцифровать, создать как отчеты SEC и данные об условиях и положениях публично торгуемых ценных бумаг и транзакций, таких как муниципальные облигации и обеспеченные кредитные обязательства (CLO).

Все трое присоединились к Exos: Скуэри стал главным операционным директором и техническим директором, Шумахер — специалистом по данным, а Чанг — руководителем отдела технологий и стратегии.

Финтех, который использует финансовые институты для оценки своего бизнеса и улучшения управления рисками, привлекает внимание и капитал со стороны некоторых крупнейших инвестиционных менеджеров страны.

Платформа Beacon, основанная в 2014 году, – это финтех-компания, которая оказывает приложения и инструменты, помогающие банкам, управляющим активами и торговыми фирмами, быстро интегрирует количественные модели, помогающие анализировать риски, внедрять и повышать операционную эффективность. В сред комания привлечения рнд с с с инвестициями в р р р р р р р р р р р р р р р

Blackstone, PIMCO и Global Atlantic используют технологии Beacon, такие как Commonwealth Bank of Australia и Shell New Energies, подразделения Royal Dutch Shell.

Финтех предоставляет кратчайший путь для компании, который использует совокупность моделирования и науки о данных в различных аспектах своего бизнеса, процесс, который часто может требовать значительных ресурсов, если он отличается в одиночку.

Заставить замолчать плохих актеров

Встреча с выдающим себя хакером привела Дорона Хендлера к основанию RevealSecurity, стартапу в области кибербезопасности в Тель-Авиве, который отслеживает загрязнение окружающей среды.

Два года назад женщина, выдававшая себя за страхового агента, повысила уровень Хендлеру, чтобы убедить его, что она потеряла ошибку, продлив свой полис медицинского страхования. Он поделился своими данными для входа на веб-сайт ее страховой компании, даже даже потребовав одноренороднореноренаванопаноренеренеренен

-

Он очень сильно влияет на свою страховую компанию, чтобы проверить свой счет. Ничто не является неуместным представителю. Но хендер, бывший вице-президент твердой комании, заподозрил, что собирает что-то

"Позвонивший мне начальнику службы безопасности спросил, откуда я вас знаю?" Я определил, что это не ты? И я сказал ему разговор: «Но я никогда так не поступаю», - вспоминал Хендлер.

Новый поток данных для торговых облигаций

В течение многих лет единстелин Развитие электронной коммерции упростило этот процесс, но инанденденденог.

Стартап, основанный бывшим руководителем Goldman Sachs, имеет большие планы по изменению этого.

Bondcliq-это финтех-сшис, предоставляющий данные об отработках до начала тоВЕС Основанная Кризисным Уайтом, основателем возбуждения системы торговли корпоративными облигациями Goldman Sachs, BondCliQ включает в себя деятельность рынка, который поддерживает такую ​​​​информацию в секрете.

Банки, которые обычно выступают в качестве дилеров по корпоративным облигациям, исторически скрывают предторговые котировки от других дилеров, чтобы сохранить конкурентное преимущество.

Но технологические достижения и рост электронных рынков переместили власть в руки фирм-полекетекикикиким-покекикикикиким-покекиким Contact

Предотвращение мошенничества для кредиторов и страховщиков

| Чем больше трений вы добавляете, тем больше вероятность того, что потребители откажутся от всогегег.

Но предотвращение мошенничества также является приоритетом, и здесь в игру вступает Нейро-ИД. Стартап анализирует то, что он называет "цифровым языком тела", или то, как пользователи пропекаматели проповотели проповотели проповотели пропекамтек Используя эту информацию, Нейро-ИД может идентифицировать пользователей-мошенников еще доникодикогудикогут Он предназначен для банков, кредиторов, страховщиков и игроков электронной коммерции.

«Поезд покинул станцию ​​для цифровой трансформации, но есть огромная возможность попытаться воспроизвести все сообщения, которые у нас были раньше, когда мы занимались бизнесом лично, все из которых говорят, что мы получим вербально и невербально Или кто-то не был надежным», — сказал Insider генеральный директор Neuro-ID Джек Алтон.

Стартап, основанный в 2014 году, преследует двоякую цель: Neuro-ID может сэкономить компаниям деньги, обнаруживая мошенничество на раннем этапе, и помочь повысить конверсию пользователей, сделав процесс адаптации более плавным.

В декабре Neuro-ID закрыла раунд серии A на сумму 7 миллионов долларов под руководством финского венчурного капитала и TTV Capital при участии Canapi Ventures. Neuro-ID, в котором работает 30 сотрудников, использует новое финансирование для расширения своей команды и создания дополнительных инструментов для большего самообслуживания клиентов.

Инструменты на базе искусственного интеллекта для обнаружения поддельных онлайн-отзывов

На таких торговых площадках, как Amazon и eBay, работают миллионы сторонних продавцов, и их алгоритмы часто повышают позиции в результатах поиска, основываясь на настроениях потребителей, основанных на отзывах. Но многие сторонние продавцы часто используют поддельные отзывы от клик-ферм для продвижения своих товаров, некоторые из которых являются поддельными или искаженными для потребителей.

Здесь в игру вступает Fakespot. С расширением Chrome оно предупреждает продавцов, которые используют потенциально поддельные отзывы для увеличения продаж, и может выявлять продавцов-мошенников. В настоящее время Fakespot совместим с Amazon, BestBuy, eBay, Sephora, Steam и Walmart.

Сауд Халифа, основатель и генеральный директор Fakespot, сказал Insider: «Рекламные обзоры, написанные людьми, и обзоры, созданные ботами, написанные роботами или обзорными фермами». «Наша система искусственного интеллекта создана для обнаружения обеих категорий с очень высокой точностью».

Fakespot-un süni intellektləri bazar saytlarında mövcud olan təhlil məlumatları vasitəsilə öyrənir və rəylərin orijinal olub-olmadığını müəyyən etmək üçün təbii dildə emaldan istifadə edir. Fakespot, həmçinin satıcının nə qədər müddət aktiv olduğunu nəzərə alsaq, müsbət rəylərin sayının məqbul olub-olmaması kimi məsələlərə də baxır.

Fintech-lərə məlumatları idarə etməyə kömək edir

Məlumat axını fintexlər üçün çox vacib bir işə çevrildikcə, arxa ofisdəki çətin bir problem getdikcə mürəkkəbləşir.

Fintechs parlaq ön ucları ilə tanınsalar da, arxa tərəf çox vaxt bunun əksinə olur. Bu sadələşdirilmiş interfeysin arxasında müxtəlif tərəfdaş inteqrasiyalarının mozaikası ola bilər - istər banklar, ödəniş oyunçuları və şəbəkələri, istərsə də proqram təminatçıları ilə - aralarında işləyən məlumat kanalı ilə.

Bunu orta göstəricidən daha yaxşı bilən iki nəfər Marqeta-nın iki keçmiş işçisi olan Kyle Maloney və Travis Gibsondur, digər fintech-ləri ödənişlərin işlənməsi və kartların verilməsi ilə təmin edən fintech.

"Məsələn, qurulmuş bir neobankı götürün. Onların çox güman ki, bir və ya iki kart emitenti, iki-üç bank tərəfdaşı, birbaşa depozitlər və ödənişlər üçün ACH prosesi, mobil çek depozitləri, peer-to-peer ödənişləri və kreditləşmə olacaq" deyə Gibson bildirib. İnsayder.

E-ticarət yönümlü biznes bankçılığı

Biznes bankçılığı fintech-də isti bazardır. Və görünür ki, investorlar kifayət qədər pul ala bilmirlər.

Novo, kiçik e-ticarət bizneslərinə yönəlmiş rəqəmsal bankçılıq fintech, iyun ayında Valar Ventures tərəfindən 40,7 milyon dollarlıq A seriyası topladı. 2018-ci ildə istifadəyə verildiyi vaxtdan bəri Novo 100.000 kiçik biznesi imzaladı. Bank hesablarından başqa, o, xərclərin idarə edilməsi, korporativ kart təklif edir və Shopify, Stripe və Wise kimi e-ticarət infrastrukturu oyunçuları ilə inteqrasiya edir.

2018-ci ildə qurulan Novo Nyu-Yorkda yerləşirdi, lakin o vaxtdan qərargahını Mayamiyə köçürdü.

Daxili maliyyə üçün Shopify

Productfy back-end bank xidmətlərinin Shopify-a çevrilərək daxili maliyyəyə girmək istəyir.

Daxili maliyyə – bank xidmətlərinin qeyri-maliyyə şəraitinə inteqrasiyası – e-ticarət dünyasında öz yerini tutdu. Lakin Productfy kilsələrdə, universitetlərdə və qeyri-kommersiya təşkilatlarında fərqli bir müştərinin ardınca gedir.

San Jose, Calif.-də yerləşən upstart qeyri-maliyyə şirkətlərinə öz bank məhsullarını təklif etməyə kömək etmək məqsədi daşıyır. Productfy-nin təsisçisi və baş direktoru Duy Vo Insider-ə bildirib ki, Productfy müştərilərə bir həftə kimi qısa müddətdə və əlavə mühəndis resursları və ya bank işinə uyğunluq və ya qanuni tələblər haqqında məlumat olmadan maliyyə xüsusiyyətlərini işə salmağa kömək edə bilər.

"Shopify-ı ayağa qaldırmaq üçün mühəndisə ehtiyacınız yoxdur, elə deyilmi? Siz sadəcə olaraq sənət yaradan biri ola bilərsiniz və Shopify-dan öz onlayn mağazanızı qurmaq üçün istifadə edə bilərsiniz" deyən Vo, Productfy-nin bu istifadəçi təcrübəsini mənimsəmək istədiyini və əlavə etdi. bank xidmətləri üçün təkrarlayın.

Kiçik biznesin maliyyələşdirilməsinə alqoritmlərin və avtomatlaşdırmanın tətbiqi

LoanWell-in təsisçiləri Bernard Uorti və Castin Strayt kiçik və orta biznesin maliyyələşdirilməsinə maneələri aradan qaldırmaq istəyirlər – və onların texnoloji arsenallarında alqoritmlər və avtomatlaşdırma var ki, onlar bunu edəcək.

Şirkətin baş direktoru Worthy və onun baş əməliyyat və maliyyə direktoru Straight, 100.000 ABŞ dollarından aşağı kreditlərə çıxışı artırmaqla KOBİ maliyyələşdirmə dünyasındakı boşluğu doldurmaq üçün icma yönümlü kreditorları gücləndirir. Və başlanğıc, missiyaya əsaslanan investorların diqqətini və dollarlarını cəlb etmək üçün tanınır. LoanWell dekabr ayında SoftBank-ın SB Opportunity Fund və Collab Capital-ın iştirakı ilə Impact America Fund-un rəhbərlik etdiyi 3 milyon dollarlıq toxum maliyyələşdirmə raundunu bağladı.

LoanWell maliyyələşdirmə prosesini avtomatlaşdırır - anderraytinq və mənşə, pul hərəkəti və xidmətə qədər - bu, bəzi LoanWell kreditorları ilə 90 günə qədər olan prosesi 30 günə və ya hətta eyni günə endirir.

KOBİ-lər iki illik maliyyə qeyri-müəyyənliyindən sonra tez emal etmək üçün bu kreditlərə etibar edirlər. Lakin pandemiya, federal hökumətin Əmək haqqının Mühafizəsi Proqramı kimi səylərlə vurğulanan SMB maliyyələşdirməsinin nə qədər vaxt aparan və bahalı ola biləcəyini nümayiş etdirdi.

Bir vaxtlar bir çox yerli biznes üçün kapitalın həyat xətti olan icma bankları bağlanmağa davam edir. Və daha kiçik kredit məbləğlərinə dair tələblər əsasən ödənilməmiş qalır. Federal Ehtiyat Sisteminin 2018-ci il məlumatlarına görə, biznes krediti üçün müraciət edənlərin yarısından çoxu 100.000 dollar və ya daha az pul istədi. Hal-hazırda dayandırılmış Federal Ehtiyat sorğusunun son məlumatlarına görə, kiçik biznes banklarının orta krediti bu məbləğdən altı dəfəyə yaxın idi.

Kreditorlara KOBİ-lərə xidmət göstərməyə kömək etmək

Keçmiş Robinhood işçilərinin üçlüyü kiçik biznesə işlədikləri bazarlar vasitəsilə kapital əldə etməyə kömək etməyə çalışır.

2020-ci ildə istifadəyə verilən Parafin, platforma tərəfdaşları və ya digər kiçik müəssisələrin məhsullarını satdıqları şirkətlərlə işləyir. Parafin-in bəzi müştərilərinə on minlərlə fitnes, sağlamlıq və sağlamlıq biznesi üçün proqram təminatçısı olan DoorDash və Mindbody daxildir.

Fintech platforma tərəfdaşlarına işlədikləri kiçik biznesə kapital təklif etməyə imkan verir. Parafin-in texnoloji təklifi məhsul, marketinq, uyğunluq və partnyorlara kapital məhsullarını daxil etmək üçün İT dəstəyini əhatə edir. Başlanğıc həmçinin borc kapitalı təminatçıları vasitəsilə əldə edilən kapitalı təmin edir və anderraytinq və riski idarə edir.

Parafin şirkətinin baş direktoru Sahill Poddar Insider-ə deyib: "Robinhooddan ayrılarkən, indiki kimi Parafinə başlayacağımızı bilmirdik". Həmtəsisçilərin bildiyi yeganə şey kiçik biznesə kömək edəcək texnologiya yaratmaq istədikləri idi. "Məhz biznes sahiblərinin özləri ilə söhbətlərimizdə - biz yolumuzu tapmaq üçün ilk günlərdə onların çoxunu etdik - kapitala çıxışın olmaması problemi aydın oldu" dedi.

KOBİ-lər üçün markalı kartlar

Jennifer Glaspie-Lundstrom is no stranger to the private-label credit-card business. As a former Capital One exec, she worked in both the card giant's co-brand partnerships division and its tech organization during her seven years at the company.

Now, Glaspie-Lundstrom is hoping to use that experience to innovate a sector that was initially created in malls decades ago.

Glaspie-Lundstrom is the cofounder and CEO of Tandym, which offers private-label digital credit cards to merchants.

Store and private-label credit cards aren't a new concept, but Tandym is targeting small- and medium-sized merchants with less than $1 billion in annual revenue. Glaspie-Lundstrom said that group often struggles to offer private-label credit due to the expense of working with legacy players.

"What you have is this example of a very valuable product type that merchants love and their customers love, but a huge, untapped market that has heretofore been unserved, and so that's what we're doing with Tandym," Glaspi-Lundstrom told Insider.

Catering to 'micro businesses'

Startups aiming to simplify the often-complex world of corporate cards have boomed in recent years.

Business-finance management startup Brex was last valued at $12.3 billion after raising $300 million last year. Startup card provider Ramp announced an $8.1 billion valuation in March after growing its revenue nearly 10x in 2021. Divvy, a small business card provider, was acquired by Bill.com in May 2021 for approximately $2.5 billion.

But despite how hot the market has gotten, Stefanie Sample said she ended up working in the space by accident.

Sample is the founder and CEO of Fundid, a new fintech that provides credit and lending products to small businesses.

This May, Fundid announced a $3.25 million seed round led by Nevcaut Ventures. Additional investors include the Artemis Fund and Builders and Backers. The funding announcement capped off the company's first year: Sample introduced the Fundid concept in April 2021, launched its website in May, and began raising capital in August.

"I never meant to do Fundid," Sample told Insider. "I never meant to do something that was venture-backed."

Embedded payments for SMBs

Branded cards have long been a way for merchants with the appropriate bank relationships to create additional revenue and build customer loyalty.

The rise of embedded payments, or the ability to shop and pay in a seamless experience within a single app, has broadened the number of companies looking to launch branded cards.

Highnote is a startup that helps small to mid-sized merchants roll out their own debit and pre-paid digital cards.

The fintech emerged from stealth on Tuesday to announce it raised $54 million in seed and Series A funding.

Speeding up loans for government contractors

The massive market for federal government contracts approached $700 billion in 2020, and it's likely to grow as spending accelerates amid an ongoing push for investment in the nation's infrastructure.

Many of those dollars flow to small-and-medium sized businesses, even though larger corporations are awarded the bulk of contracts by volume. Of the roughly $680 billion in federal contracts awarded in 2020, roughly a quarter, according to federal guidelines, or some $146 billion that year, went to smaller businesses.

But peeking under the hood of the procurement process, the cofounders of OppZo — Randy Garrett and Warren Reed — saw an opportunity to streamline how smaller-sized businesses can leverage those contracts to tap in to capital.

Securing a deal is "a government contractor's best day and their worst day," as Garrett, OppZo's president, likes to put it.

"At that point they need to pay vendors and hire folks to start the contract. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider.

Helping small businesses manage their taxes

After 14 years in tax accounting, Shiloh Johnson had formed a core philosophy around corporate accounting: everyone deserves to understand their business's money and business owners need to be present in their bookkeeping process.

She wanted to help small businesses understand "this is why you need to do what you're doing and why you have to change the way you think about tax and be present in your bookkeeping process," she told Insider.

The Los Angeles native wanted small businesses to not only understand business tax no matter their size but also to find the tools they needed to prepare their taxes in one spot. So Johnson developed a software platform that provides just that.

Automating accounting ops for SMBs

Small- and medium-sized businesses can rely on any number of payroll, expense management, bill pay, and corporate-card startups promising to automate parts of their financial workflow.

Smaller firms have adopted this corporate-financial software en masse, boosting growth throughout the pandemic for relatively new entrants like Ramp and massive, industry stalwarts like Intuit.

But it's no easy task to connect all of those tools into one, seamless process. And while accounting operations might be far from where many startup founders want to focus their time, having efficient back-end finances does mean time — and capital — freed up to spend elsewhere.

For Decimal CEO Matt Tait, there's ample opportunity in "the boring stuff you have to do to survive as a company," he told Insider.

Launched in 2020, Decimal provides a back-end tech layer that small- and medium-sized businesses can use to integrate their accounting and business-management software tools in one place.

On Wednesday, Decimal announced a $9 million seed fundraising round led by Minneapolis-based Arthur Ventures, alongside Service Providers Capital and other angel investors.

Invoice financing for SMBs

About a decade ago, politician Stacey Abrams and entrepreneur Lara Hodgson were forced to fold their startup because of a kink in the supply chain — but not in the traditional sense.

Nourish, which made spill-proof bottled water for children, had grown quickly from selling to small retailers to national ones. And while that may sound like a feather in the small business' cap, there was a hang-up.

"It was taking longer and longer to get paid, and as you can imagine, you deliver the product and then you wait and you wait, but meanwhile you have to pay your employees and you have to pay your vendors," Hodgson told Insider. "Waiting to get paid was constraining our ability to grow."

While it's not unusual for small businesses to grapple with working capital issues, the dust was still settling from the Great Recession. Abrams and Hodgson couldn't secure a line of credit or use financing tools like factoring to solve their problem.

The two entrepreneurs were forced to close Nourish in 2012, but along the way they recognized a disconnect in the system.

"Why are we the ones borrowing money, when in fact we're the lender here because every time you send an invoice to a customer, you've essentially extended a free loan to that customer by letting them pay later," Hodgson said. "And the only reason why we were going to need to possibly borrow money was because we had just given ours away for free to Whole Foods," she added.

Amazon has long dominated e-commerce with its one-click checkout flows, offering easier ways for consumers to shop online than its small-business competitors.

Bolt gives small merchants tools to offer the same easy checkouts so they can compete with the likes of Amazon.

The startup raised its $393 million Series D to continue adding its one-click checkout feature to merchants' own websites in October.

Bolt markets to merchants themselves. But a big part of Bolt's pitch is its growing network of consumers — currently over 5.6 million — that use its features across multiple Bolt merchant customers.

Roughly 5% of Bolt's transactions were network-driven in May, meaning users that signed up for a Bolt account on another retailer's website used it elsewhere. The network effects were even more pronounced in verticals like furniture, where 49% of transactions were driven by the Bolt network.

"The network effect is now unleashed with Bolt in full fury, and that triggered the raise," Bolt's founder and CEO Ryan Breslow told Insider.

Payments infrastructure for fintechs

Three years ago, Patricia Montesi realized there was a disconnect in the payments world.

"A lot of new economy companies or fintech companies were looking to mesh up a lot of payment modalities that they weren't able to," Montesi, CEO and co-founder of Qolo, told Insider.

Integrating various payment capabilities often meant tapping several different providers that had specializations in one product or service, she added, like debit card issuance or cross-border payments.

"The way people were getting around that was that they were creating this spider web of fintech," she said, adding that "at the end of it all, they had this mess of suppliers and integrations and bank accounts."

The 20-year payments veteran rounded up a group of three other co-founders — who together had more than a century of combined industry experience — to start Qolo, a business-to-business fintech that sought out to bundle back-end payment rails for other fintechs.

Better use of payroll data

Employees at companies large and small know the importance — and limitations — of how firms manage their payrolls.

A new crop of startups are building the API pipes that connect companies and their employees to offer a greater level of visibility and flexibility when it comes to payroll data and employee verification.

On Thursday, one of those names, Atomic, announced a $40 million Series B fundraising round co-led by Mercato Partners and Greylock, alongside Core Innovation Capital, Portage, and ATX Capital.

The round follows Atomic's Series A round announced in October, when the startup raised a $22 million Series A from investors including Core Innovation Capital, Portage, and Greylock.

Saving on vendor invoices

When it comes to high-flying tech startups, headlines and investors typically tend to focus on industry "disruption" and the total addressable market a company is hoping to reach. Expense cutting as a way to boost growth typically isn't part of the conversation early on, and finance teams are viewed as cost centers relative to sales teams.

But one fast-growing area of business payments has turned its focus to managing those costs. Startups like Ramp and established names like Bill.com have made their name offering automated expense-management systems.

Now, one new fintech competitor, Glean, is looking to take that further by offering both automated payment services and tailored line-item accounts-payable insights driven by machine-learning models.

Glean's CFO and founder, Howard Katzenberg, told Insider that the genesis of Glean was driven by his own personal experience managing the finance teams of startups, including mortgage lender Better.com, which Katzenberg left in 2019, and online small-business lender OnDeck.

"As a CFO of high-growth companies, I spent a lot of time focused on revenue and I had amazing dashboards in real time where I could see what is going on top of the funnel, what's going on with conversion rates, what's going on in terms of pricing and attrition," Katzenberg told Insider.

Real-estate management made easy

For alternative asset managers of any type, the operations underpinning sales and investor communications are a crucial but often overlooked part of the business. Fund managers love to make bets on markets, not coordinate hundreds of wire transfers to clients each quarter or organize customer-relationship-management databases.

Within the $10.6 trillion global market for professionally managed real-estate investing, that's where Tel Aviv and New York-based startup Agora hopes to make its mark.

Founded in 2019, Agora offers a set of back-office, investor relations, and sales software tools that real-estate investment managers can plug into their workflows.

On Wednesday, Agora announced a $9 million seed round, led by Israel-based venture firm Aleph, with participation from River Park Ventures and Maccabee Ventures. The funding comes on the heels of an October 2020 pre-seed fund raise worth $890,000, in which Maccabee also participated.

Access to commercial real-estate investing

Drew Sterrett was structuring real-estate deals while working in private equity when he realized the inefficiencies that existed in the market.

Only high-net worth individuals or accredited investors could participate in commercial real-estate deals. If they ever wanted to leave a partnership or sell their stake in a property, it was difficult to find another investor to replace them. Owners also struggled to sell minority stakes in their properties and didn't have many good options to recapitalize an asset if necessary.

In short, the market had a high barrier to entry despite the fact it didn't always have enough participants to get deals done quickly.

"Most investors don't have access to high-quality commercial real-estate investments. How do we have the oldest and largest asset class in the world and one of the largest wealth creators with no public and liquid market?" Sterrett told Insider. "It sort of seems like a no-brainer, and that this should have existed 50 or 60 years ago."

Insurance goes digital

Fintechs looking to transform how insurance policies are underwritten, issued, and experienced by customers have grown as new technology driven by digital trends and artificial intelligence shape the market.

And while verticals like auto, homeowner's, and renter's insurance have seen their fair share of innovation from forward-thinking fintechs, one company has taken on the massive life-insurance market.

Founded in 2017, Ladder uses a tech-driven approach to offer life insurance with a digital, end-to-end service that it says is more flexible, faster, and cost-effective than incumbent players.

Life, annuity, and accident and health insurance within the US comprise a big chunk of the broader market. In 2020, premiums written on those policies totaled some $767 billion, compared to $144 billion for auto policies and $97 billion for homeowner's insurance.

Data science for commercial insurance

There's been no shortage of funds flowing into insurance-technology companies over the past few years.

Private-market funding to insurtechs soared to $15.4 billion in 2021, a 90% increase compared to 2020. Some of the most well-known consumer insurtech names — from Oscar (which focuses on health insurance) to Metromile (which focuses on auto) — launched on the public markets last year, only to fall over time or be acquired as investors questioned the sustainability of their business models.

In the commercial arena, however, the head of one insurtech company thinks there is still room to grow — especially for those catering to small businesses operating in an entirely new, pandemic-defined environment.

"The bigger opportunity is in commercial lines," Tanner Hackett, the CEO of management liability insurer Counterpart, told Insider.

"Everywhere I poke, I'm like, 'Oh my goodness, we're still in 1.0, and all the other businesses I've built were on version three.' Insurance is still in 1.0, still managing from spreadsheets and PDFs," added Hackett, who also previously co-founded Button, which focuses on mobile marketing.

Smarter insurance for multifamily properties

A veteran of the online-insurance world is looking to revolutionize the way the industry prices risk for commercial properties with the help of artificial intelligence.

Insurance companies typically send inspectors to properties before issuing policies to better understand how the building is maintained and identify potential risks or issues with it. It's a process that can be time-consuming, expensive, and inefficient, making it hard to justify for smaller commercial properties, like apartment and condo buildings.

Insurtech Honeycomb is looking to fix that by using AI to analyze a combination of third-party data and photos submitted by customers through the startup's app to quickly identify any potential risks at a property and more accurately price policies.

"That whole physical inspection thing had really good things in it, but it wasn't really something that is scalable and, it's also expensive," Itai Ben-Zaken, Honeycomb's cofounder and CEO, told Insider. "The best way to see a property right now is Google street view. Google street view is usually two years old."

Helping freelancers with their taxes

Some people, particularly those with families or freelancing businesses, spend days searching for receipts for tax season, making tax preparation a time consuming and, at times, taxing experience.

That's why in 2020 Jaideep Singh founded FlyFin, an artificial-intelligence tax preparation program for freelancers that helps people, as he puts it, "fly through their finances."

FlyFin is set up to connect to a person's bank accounts, allowing the AI program to help users monitor for certain expenses that can be claimed on their taxes like business expenditures, the interest on mortgages, property taxes, or whatever else that might apply.

"For most individuals, people have expenses distributed over multiple financial institutions. So we built an AI platform that is able to look at expenses, understand the individual, understand your profession, understand the freelance population at large, and start the categorization," Singh told Insider.

Digital banking for freelancers

Lance is a new digital bank hoping to simplify the life of those workers by offering what it calls an "active" approach to business banking.

"We found that every time we sat down with the existing tools and resources of our accountants and QuickBooks and spreadsheets, we just ended up getting tangled up in the whole experience of it," Lance cofounder and CEO Oona Rokyta told Insider.

Lance offers subaccounts for personal salaries, withholdings, and savings to which freelancers can automatically allocate funds according to custom preset levels. It also offers an expense balance that's connected to automated tax withholdings.

In May, Lance announced the closing of a $2.8 million seed round that saw participation from Barclays, BDMI, Great Oaks Capital, Imagination Capital, Techstars, DFJ Frontier, and others.

Software for managing freelancers

The way people work has fundamentally changed over the past year, with more flexibility and many workers opting to freelance to maintain their work-from-home lifestyles.

But managing a freelance or contractor workforce is often an administrative headache for employers. Worksome is a startup looking to eliminate all the extra work required for employers to adapt to more flexible working norms.

Worksome started as a freelancer marketplace automating the process of matching qualified workers with the right jobs. But the team ultimately pivoted to a full suite of workforce management software, automating administrative burdens required to hire, pay, and account for contract workers.

In May, Worksome closed a $13 million Series A backed by European angel investor Tommy Ahlers and Danish firm Lind & Risør.

Payments and operations support

While countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

Half of the US population may be freelance by 2027, according to a study commissioned by remote-work hiring platform Upwork. HoneyBook, a fintech startup that provides payment and operations support for freelancers, in May raised $155 million in funding and achieved unicorn status with its $1 billion-plus valuation.

Durable Capital Partners led the Series D funding with other new investors including renowned hedge fund Tiger Global, Battery Ventures, Zeev Ventures, and 01 Advisors. Citi Ventures, Citigroup's startup investment arm that also backs fintech robo-advisor Betterment, participated as an existing investor in the round alongside Norwest Venture partners. The latest round brings the company's fundraising total to $227 million to date.

Pay-as-you-go compliance for banks, fintechs, and crypto startups

Neepa Patel, Themis' founder and CEOThemis

When Themis founder and CEO Neepa Patel set out to build a new compliance tool for banks, fintech startups, and crypto companies, she tapped into her own experience managing risk at some of the nation's biggest financial firms.

Having worked as a bank regulator at the Office of the Comptroller of the Currency and in compliance at Morgan Stanley, Deutsche Bank, and the enterprise blockchain company R3, Patel was well-placed to assess the shortcomings in financial compliance software.

But Patel, who left the corporate world to begin work on Themis in 2020, drew on more than just her own experience and frustrations to build the startup.

"It's not just me building a tool based on my personal pain points. I reached out to regulators. I reached out to bank compliance officers and members in the fintech community just to make sure that we're building it exactly how they do their work," Patel told Insider. "That was the biggest problem: No one built a tool that was reflective of how people do their work."

Connecting startups and investors

Blair Silverberg is no stranger to fundraising.

For six years, Silverberg was a venture capitalist at Draper Fisher Jurvetson and Private Credit Investments making bets on startups.

"I was meeting with thousands of founders in person each year, watching them one at a time go through this friction where they're meeting a ton of investors, and the investors are all asking the same questions," Silverberg told Insider.

He switched gears about three years ago, moving to the opposite side of the metaphorical table, to start Hum Capital, which uses artificial intelligence to match investors with startups looking to fundraise.

On August 31, the New York-based fintech announced its $9 million Series A. The round was led by Future Ventures with participation from Webb Investment Network, Wavemaker Partners, and Partech.

Helping LatAm startups get up to speed

There's more venture capital flowing into Latin America than ever before, but getting the funds in founders' hands is not exactly a simple process.

In 2021, investors funneled $15.3 billion into Latin American companies, more than tripling the previous record of $4.9 billion in 2019. Fintech and e-commerce sectors drove funding, accounting for 39% and 25% of total funding, respectively.

However, for many startup founders in the region who have successfully sold their ideas and gotten investors on board, there's a patchwork of corporate structuring that's needed to access the funds, according to Benjamin Gleason, who was the chief financial officer at Groupon LatAm prior to cofounding Brazil-based fintech Kamino.

It's a process Gleason and his three fellow Kamino cofounders have been through before as entrepreneurs and startup execs themselves.

Most often, startups have to set up offshore financial accounts outside of Brazil, which "entails creating a Cayman [Islands] holding company, a Delaware LLC, and then connecting it to a local entity here and also opening US bank accounts for the Cayman entity, which is not trivial from a KYC perspective," said Gleason, who founded open-banking fintech Guiabolso in Sao Paulo. His partner, Gonzalo Parejo, experienced the same toils when he founded insurtech Bidu.

"Pretty much any international investor will usually ask for that," Gleason said, adding that investors typically cite liability issues.

"It's just a massive amount of bureaucracy, complexity, a lot of time from the founders. All of this just to get the money from the investor that wants to give them the money," he added.

The back-end tech for beauty

Danielle Cohen-Shohet might have started as a Goldman Sachs investment analyst, but at her core she was always a coder.

After about three years at Goldman Sachs, Cohen-Shohet left the world of traditional finance to code her way into starting her own company in 2016.

"There was a period of time where I did nothing, but eat, sleep, and code for a few weeks," Cohen-Shohet told Insider.

Her technical edge and knowledge of the point-of-sale payment space led her to launch a software company focused on providing behind-the-scenes tech for beauty and wellness small businesses.

Cohen-Shohet launched GlossGenius in 2017 to provide payments tech for hair stylists, nail technicians, blow-out bars, and other small businesses in the space.

Read the original article on Business Insider

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