On Oct 7, Techstars hosted a virtual demo day of its special accelerator class built with help from Western Union. The cohort consisted of 9 fintech companies and one healthtech. You can watch the entire 41-minute program here. Or watch just the 3-minute pitches that interest you below.
Plentina
Description: Alternative credit scoring and lending in emerging markets
Business model: Consumer app through partners
HQ: Belmont, CA
Raised: $670k (per Crunchbase)
Metrics: Processing 25 million unique mobile records from 7-Eleven Philippines
Founders:
Kevin Gabayan, CEO
Earl Valencia, Chief Business Officer
Founded: 2019
Contact: info@plentina.com
Website | Crunchbase | Linkedin
Vested Finance
Description: Simplifying U.S. investments for Indian investors
Funding: $1.7M
HQ: Sunnyvale, CA
Founded: Aug 2018
Founders:
– Viram Shah, CEO
– Yinghan Lin, CTO
– Darwin Arifin, COO
– Eric Huynh, CPO
Metrics:
– 150,000 newsletter subscribers
– 30% MOM growth
– 3x growth in AUM in last 5 months
– 75% of users have made multiple deposits/investments
Contact: info@vestedfinance.co
Website | Crunchbase | AngelList | Twitter | Linkedin
Line
Description: Helps qualified & banked people without credit history establish credit and access affordable financial services.
Target customers: Millennials
Business model: Direct-to-consumer with subscription pricing
HQ: San Francisco & Bengaluru, India
Founded: Nov. 2019
Founder: Akshay Krishnaiah
Metrics:
– 100% MOM growth in past several months
– 99% retention rate
– $1.5M projected revenue in next 12 months
– CAC less than $1
Contact: akshay@useline.com
Website | Crunchbase | Twitter | AngelList
AidBanc
Description: Digital banking and spend management platform for global NGOs.
HQ: Little Rock, Arkansas
Funding: $120k
Founded: Jan 2020
Metrics:
– LOIs with 3 major non-profits
– $80M of aid payments already committed
– Another $87M in pipeline
– 1% global market share BEFORE full launch
Founders:
– Maf Sonko, CEO
– Sesie Bonsi, COO
Contact: founders@aidbanc.com
Website | Twitter | Crunchbase | Linkedin
Rise Vest
Description: Digital wealth manager connecting Africans to U.S. investments
HQ: Lagos, Nigeria
Founded: Oct 2019 (Product launch: Jan 2020)
Raised: $120k
Metrics:
– 35% MOM growth
– 46,000 users
– $4M AUM
Founders:
– Eke Urum, CEO
– Bosun Olanrewaju, CTO
– Tony Odiba, COO
Contact: hello@rise.capital
Website | Twitter | Crunchbase | Linkedin
Logicluster
Description: AI/ML currency pricing solution for money transfers
Business model: Enterprise sales to financial institutions and money transfer companies
HQ: San Francisco
Funding: $120k
Founded: 2018
Founders:
– Youssef Salem, CEO
– Reda ElHakim, Chief Engineer
– Ahmed Hussein, Chief Scientist
Number of Employees: 5
Contact: hello@logicluster.com
Website | AngelList | Crunchbase | Linkedin
Yunit
Description: App for save money with friends for shared goals
HQ: Oakland, CA
Launched: Jan 2020
Raised: $120k
Metrics: 800 users across 2 beta programs
Founder: Phillip Aubrey, CEO
Contact: phillip@yunit.com
Website | Crunchbase | AngelList
Heights Labs
Description: Compliance and investigations platform for tracking money laundering
Business model: Enterprise sales to financial institutions
HQ: Valley Stream, NY
Raised: $120k
Founded: 2020
Founders:
– Daniel Goldsmith, CEO
– Yonah Shmalo, CTO
Contact: founders@heightslabs.com
Website | Twitter | Crunchbase | Linkedin
Gig Wage (formerly, Visage Payroll)
Description: Helps businesses pay, manage and support their gig-economy workers
HQ: Dallas, TX
Funding: $3.2M
Founded: 2014
Founder: Craig Lewis
Contact: founders@gigwage.com
Website | Twitter | Crunchbase
