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
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
OpenLegacy
Description: Digital integration platform
HQ: Israel
Founded: 2013
Founders:
– Roi Mor, CTO
– Romi Stein, CEO
Funding: $61M
Company links: Website | Twitter | Linkedin | YouTube
Railz
Description: Accounting Data as a Service API provides a single connection from all major accounting software providers
Business model: Direct to small businesses
Pricing: Freemium model (prices not publicly disclosed)
HQ: Toronto
Founded: April 2020
Founder:
– Ron Benegbi, President
– Sohaib Zahid, CEO
– Derek Manuge, CTO
Traction:
– Purchased technology asset that had been in market for a few years
– Soft launch in June 2020
– Completed a Seed round ($ undisclosed)
Company links: Website | Crunchbase | AngelList | Linkedin
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
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
