Hypur

bankingtech

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

Hypur is a bank compliance platform enabling financial institutions to leverage technology to intelligently manage risk and confidently serve their customers.The company enables commerce for banks, cash-intensive businesses and their customers. Hypur is currently being used by multiple financial institutions in the Southwest, enabling them to efficiently and confidently bank cash-intensive businesses with the company’s solution.

Focus

PRODUCTS & SERVICES

Hypur provides financial institutions with the technology they need to provide banking services to cash-intensive businesses. Hypur's solutions include: Hypur Commerce, Hypur Diligence, Hypur Comply, Hypur ID, and Hypur Sight. Its products are specifically designed to address regulatory challenges presented by cash-intensive businesses, provide transparency and accountability for financial institutions and regulators.

MAIN CLIENTS

Financial institutions

PRIMARY PROBLEM SOLVED

Hypur’s integrated suite of products bridge the gap left by core AML/BSA systems, automating manual processes and providing data transparency that enables Hypur’s technology solutions address the host of issues that core BSA/AML systems aren’t equipped to handle. The company's solution enables financial institutions to bank cash-intensive businesses securely and profitably. Hypur makes it possible to protect against financial crime in highly regulated markets, thereby diminishing the need for categorical de-risking of entire industries.

COMMENT

Product that access cash intensive business with safety and convenience for businesses and their customers

Traction

VALUATION / MARKET CAP:

$14.5 M in 2015

People

FOUNDERS

Michael Sinnwell

David Querciagrossa

Christopher Galvin

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

TOTAL FUNDING

$1.5 M

DATE OF LAST FUNDING

May 2016

TOTAL FUNDING COMMENT

Total amount received in venture funding round

LISTED

NO

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