• FOUNDING YEAR: 2018
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    22 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
The startup offers freelancers simple access to credit through a digital banking app and a membership program which can be pulled down or paid off instantly at any time. For payday loans, The company uses AI models to provide a payback plan, including both periodic cash paybacks or tangible, feasible payback based on hours worked. It is also used to underwrite loans, which freelancers can apply for and receive without having to visit a bank or complete paperwork.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Freelancers

PEOPLE

FOUNDERS:
Hussein Ahmed
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Digital Horizon Capital, Cynthia Chen, ZMT Capital (China), Locus Ventures, Endure Capital, PioneerFund, Magic Fund, Light Bridge, Strawberry Creek, Base Ventures, The House Fund and Sam Yam.
KEY EMPLOYEES:
Jonathan Consalvo (CCO), Dianne Clapp (CRO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$2.45 Millions
DATE OF LAST FUNDING:
Jan 2019
SEED & PRIOR FUNDING:
$2.45 Millions
SEED CLOSED ON:
Jan 2019
SEED PRIOR FUNDING COMMENT:
Company has raised $2.3Million in Jan'19 from several investors and $150K in Oct'18 from Y Combinator.
LISTED:
NO

LATEST RESEARCH