Flowcast

b2b fintechartificial intelligence/machine learning

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

Flowcast leverages its patented machine learning methodologies to create high-performing predictive models that assess risk and enable lenders to unlock credit to all size businesses at scale. Flowcasts models offer unparalleled explainability in understanding the root cause of a business creditworthiness, the risk of delinquency, the timeliness of repayment and the likelihood of dilution of their transactions. Unlike traditional risk assessments, the API-based solution updates and monitors the risk assessment of the borrower in real-time based on alternative data and Flowcasts proprietary data.

MEDICI Analysis

Flowcast is a cashflow management platform that uses predictive analytics to help companies reduce the cash conversion cycle, optimize collection efforts and enhance cash flow forecasting. It provides an analytics-based solution that helps to identify customer and supplier behaviors by extracting information from unstructured data.

Focus

PRODUCTS & SERVICES

Products offering include : Smartcredit :- It helps business users by using machine learning program to extract the complex data to automate credit decisioning. It leverages the broad set of available data sources. Smartclaims :- It uses machine learning algorithms to automate the deduction claims process. This algorithm helps users to find patterns in customers behavior from years and months of transaction records which results in accurately predicting the outcome of any given dispute claim.

REVENUE MODEL

Service based revenue model

MAIN CLIENTS

Businesses

EXISTING PARTNERSHIPS

Standard Chartered,Nike,Telstra,P&G,HSBC,DBS,Hitachi,Euler Hermes

PRIMARY PROBLEM SOLVED

Our advanced machine learning platform harnesses untapped complex data to automate credit decisioning. Our customers can now have greater visibility to address the underserved market.

People

FOUNDERS

Ken So

Winnie Cheng

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Alchemist Accelerator

Plug and Play

Right Side Capital Management

StartX (Stanford-StartX Fund)

TSVC

Alpana Ventures

Enspire Capital

Polytech Ventures

Visionnaire Ventures

Bitrock Capital

ING Ventures

Katalyst.Ventures

KEY EMPLOYEES:

Kathryn Rungrueng

Eitan Anzenberg

Jim McGuire

Kathryn Rungrueng(head-BDM)

Bosco Chan(Corporate advisor)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$5.85 M

DATE OF LAST FUNDING

Dec 2020

IPO STATUS

Private

ESTIMETED REVENUE RANGE

Less than $1M

SEED & PRIOR FUNDING

$850 K

SEED CLOSED ON

May 2019

FUNDING SERIES

SERIES A  · $5 M  · Sep 2019

LISTED

NO

COMMENT

Received a stipend of $20,000 Singapore Dollars (US$14.4K) from MAS Fintech Hackcelerator and anywhere between $25,000 to $500,000 from Plug and Play Fintech

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,855

AVERAGE VISITS (6 MONTHS)

1,730.44

MONTHLY VISITS GROWTH

74.26%

VISIT DURATION

172

VISIT DURATION GROWTH

38.27%

PAGE VIEWS VISIT

2.5

PAGE VIEWS VISIT GROWTH

53.47%

BOUNCE RATE

36.17%

BOUNCE RATE GROWTH

-22.04%

GLOBAL TRAFFIC RANK

4,088,562

MONTHLY RANK CHANGE

-5,369,809

MONTHLY RANK GROWTH

-56.77%

Innovation Programs

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Flowcast

About

Flowcast is a fintech startup headquartered Silicon Valley and is reinventing supply chain finance. It provides an AI-based solution to funders in financing the supply chain. Flowcast partners with banks and non-bank funders to enable liquidity at any point along the supply chain lifecycle, from a PO to an approved invoice. This helps vendors get the cashflow that they need and yields direct benefits to corporates through a discount or extended payment term. At the heart of this is the machine learning models that can assess performance risks in real-time to automate the underwriting process.

Focus

PRODUCTS & SERVICES

Flowcast leverages its patented machine learning algorithms to create high-performing predictive models that reduce risk and unlock credit to businesses. Our models have demonstrated high accuracy in predicting the ability of a business to repay its loans, the likelihood of dilution, and the risk of delinquency. Our API-based ML model actively predicts the changes in behaviors based on the activities within the supply chain ecosystem. Our models have demonstrated high accuracy in predicting the ability of a business to repay its loans, the likelihood of dilution, and the risk of delinquency.

REVENUE MODEL

Service based revenue model

TOP PROBLEM SOLVED

Our advanced machine learning platform harnesses untapped complex data to automate credit decisioning. Our customers can now have greater visibility to address the underserved market.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

KEY DIFFERENTIATORS

Always Improving Flowcast’s ML platform allows risk professionals to gain the benefits of transfer learnings. It was designed to help rapidly analyze complex datasets to drive more accurate and auditable risk models. Our ML solution allows access to insights that are captured through many iterations and experience working with risk professionals around the world, uncovering intricacies of supplier and buyer behavioral dynamics. Explainable There are regulatory requirements to be able to explain, in human terms, why certain decisions were reached. The ability to explain the predictive output is equally important to the accuracy of the prediction itself. The rise of complex ML models makes explainability a key element in AI. Validated We provide analytics tools to make validation and monitoring seamless. We require our models to perform well in a real-world setting. This means that we carefully assess the out-of-sample and out-of-time sampling in our validation set and compare it against the in-time training set. It is important to have accurate assessments of future performance in production. API First You can invoke an API call in real-time to get predictive results integrated into existing ERP rules engines and workflow tools. The ML platform can be deployed in public or private cloud infrastructures.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

Traction

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

INITIAL CLIENTS

Momentum

FUNDED

YES

TOTAL FUNDING:

$2 M

LISTED

NO

FUNDING SERIES
Seed
Dec 2016
USD2.3 M
Comment on Seed
Seed round on a convertible note with note cap of $8M and discount rate of 15%.