Flowcast
b2b fintech . artificial intelligence/machine learning
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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.
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
Winnie Cheng
NUMBER OF EMPLOYEES
11-50
INVESTORS:
KEY EMPLOYEES:
Eitan Anzenberg
Jim McGuire
Kathryn Rungrueng(head-BDM)
Bosco Chan(Corporate advisor)
Momentum
FUNDED
YES
TOTAL FUNDING
$7.3 M
DATE OF LAST FUNDING
Sep 2019
SEED & PRIOR FUNDING
$2.3 M
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
For Investors
FUNDING NEEDED:
$5 M
USES OF FUNDS RAISED:
1. Ramp sales and marketing
2. Add additional R&D resources
MONTHS LEFT WITH CURRENT CASH BURN RATE:
12 months from 27 Aug, 2018
Innovation Programs
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FOUNDING YEAR:
LOCATION:
Views:
$7.3 M
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.
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.
INTELLECTUAL PROPERTY
Patent(s) Granted
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
People
FOUNDERS
Winnie Cheng
NUMBER OF EMPLOYEES
11-50
KEY EMPLOYEES:
CEO, FOUNDER: Ken So
CEO: Ken So
Head of Business Development: Kathryn Rungrueng
Principal Data Scientist: Eitan Anzenberg
Senior Data Scientist: Jim McGuire
employee: Kathryn Rungrueng(head-BDM)
employee: Bosco Chan(Corporate advisor)
FOUNDER: Winnie Cheng
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$2.3 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%.Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
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.
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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
People
FOUNDERS
Winnie Cheng
NUMBER OF EMPLOYEES
11-50
KEY EMPLOYEES:
CEO, FOUNDER: Ken So
CEO: Ken So
Head of Business Development: Kathryn Rungrueng
Principal Data Scientist: Eitan Anzenberg
Senior Data Scientist: Jim McGuire
employee: Kathryn Rungrueng(head-BDM)
employee: Bosco Chan(Corporate advisor)
FOUNDER: Winnie Cheng
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$2.3 M
LISTED
NO