M10’s Marten Nelson’s 6-min pitch + 2-min Q&A @PlugandPlay Demo Day

M10

Description: Blockchain-based cross-border payments platform for banks

Business model: Enterprise sales

HQ: San Francisco, CA

Founders: Marten Nelson, COO

Founded: 2019

Traction:
– Spun out of Token.io
– Weeks away from going into production

Company links: Website | Twitter | Linkedin

Deserve’s founder Kalpesh Kapadia pitches @PlugandPlay (6 mins + 2 min Q&A)

Deserve

Descriptio: White-labeled digital credit card management

Business model: Enterprise sales

HQ: San Francisco, CA

Founder: Kalpesh Kapadia, CEO

Founded: 2013

Traction:
– 10 live B2B customers

Funding: $237M ($150M debt, $87M equity)

Company links: Website

Shane Kent, GM North America, Open Legacy pitches @PlugandPlay (6 mins + 2 min Q&A)

OpenLegacy

Description: Digital integration platform

HQ: Israel

Founded: 2013

Founders:
– Roi Mor, CTO
– Romi Stein, CEO

Funding: $61M

Company links: Website | Twitter | Linkedin | YouTube

Railz President Ron Benegbi pitches @PlugandPlay (6 mins + 2 min Q&A)

Railz

Description: Accounting Data as a Service API provides a single connection from all major accounting software providers

Business model: Direct to small businesses

Pricing: Freemium model (prices not publicly disclosed)

HQ: Toronto

Founded: April 2020

Founder:
– Ron Benegbi, President
– Sohaib Zahid, CEO
– Derek Manuge, CTO

Traction:
– Purchased technology asset that had been in market for a few years
– Soft launch in June 2020
– Completed a Seed round ($ undisclosed)

Company links: Website | Crunchbase | AngelList | Linkedin

Hydrogen’s Mike Kane pitches @PlugandPlay (6 mins + 2 min Q&A)

Hydrogen

Description: Embedded finance simplified with drag-and-drop component library (i.e. no code).

Product line: Main product is card, but currently launching PFM, payments and brokerage. Next year banking, cyrpto, credit and insurance.

Pricing: As low as $495/mo (SaaS) with no contract period (month-to-month pricing)

Founded: 2017

Business model: Enterprise with SaaS revenue and interchange

Founders:
– Matthew Kane
– Mike Kane, CEO

Funding: $15M series A (first close 15 Oct 2020, but still open as of demo day)

Traction:
– 800 signup for beta
– 150 conversions
– $25k acquisition cost for a $167 CAC
– Projected $50k ARR by YE 2020

Company links: Website | Twitter | Linkedin | Crunchbase

Sila’s VP of Growth Nick Cavet pitches @PlugandPlay (6 mins + 2 min Q&A)

Sila

Description: Programmable money-as-a-service with stable coin

Business model: Enterprise sales

HQ: Portland, OR

Founders:
– Alexander Lipton, CIO
– Angela Angelovska-Wilson, Chief Legal Officer
– Isaac Hines, COO
– Shamir Karkal, CEO

Karkal was co-founder at Simple Bank.

Funding: $7.7M raised in April 2020 (per Crunchbase, Nov 2020)

Company links: Website | Crunchbase | Twitter | Linkedin