Alumni Ventures

Alumni Ventures Group, LLC is a venture capital firm founded in 2013 and based in Manchester, New Hampshire, with additional offices in major cities across North America. The firm specializes in seed, early-stage, and late-stage pre-IPO investments, focusing on companies with an alumni connection and supported by established institutional lead investors. Alumni Ventures aims to provide accredited investors, particularly alumni from top entrepreneurial schools, with access to diversified venture portfolios that span various sectors and geographic regions. The firm typically invests between $0.01 million and $3 million and does not require board or observer seats in its portfolio companies. Through its managed fund families, Alumni Ventures enables investors to participate in a collaborative investment approach, fostering connections among alumni while facilitating investment opportunities in innovative ventures.

Rob Adams

Managing Partner

Gail Ball

Venture Scout

Andrew Baum

Vice President, Treasury and Capital Management

David Beazley

Executive Partner

Ali Byrd

Investor Advisory Council Member

Matt Caspari

Managing Partner, Strawberry Creek and amp; Deep Tech

Matt Castellini

Senior Associate

Helen Chen

CEO Services Analyst

Cainon Coates

Managing Partner

Michael Collins

CEO

Thomas Edwards

Associate

Yev Gelfand

Investor

Mason Hale

Senior Associate, Chestnut Street and Triphammer Ven

Jin Kim

Senior Vice President, Office of Investments

Lucas Kirshenbaum

VC Investor

Ron Levin

Managing Partner, AV Seed Fund and Doctors Innovate Fund

Jess Liu-Brown

Principal

Michael Madden

Co-Founder and Investment Professionals

Jonathan Meltzer

Managing Partner

Tom Meyer

Managing Partner, Nassau Street

Keith Murphy

Director, Video Programs

David Muson

CFO

Aisha Robinson

Comms Team VP of Strategic Communications

Saad Shaheen

Investor Operations Manager

Stephen Stolzenberg

Senior Associate

Justin Strausbaugh

Managing Partner, Lakeshore

Brittney Wade

Senior Associate, Seed Fund

Sarah Worden

Venture Scout

Wesley Yiu

Partner

Henri Yuan

Investor

Michael Yuann

Director of Investment Operations

Past deals in Banks

Fido

Series A in 2022
Fido Money Lending Limited is a financial institution located in Accra, Ghana, and is licensed by the Bank of Ghana. The company specializes in providing fast and accessible short-term loans, known as FIDO Loans, which can be applied for through a mobile device or at a branch. The application process is straightforward, requiring only a one-time verification of identity and bank account, with no collateral or guarantors needed. This enables salaried, contracted, and self-employed individuals to receive credit decisions within minutes, and funds can be disbursed within one business day. Fido's digital financing platform simplifies access to credit, allowing customers without a financial track record to obtain loans efficiently, thereby catering to the needs of individuals and entrepreneurs seeking quick financial solutions.

Edge

Seed Round in 2022
Edge builds payment tools and API's that allow every legal industry to accept payments. The company was founded in 2021 and is headquartered in Los Angeles, California.

Copper Banking

Series A in 2022
Developer of a financial education platform intended to provide financial literacy and baking services to teenagers. The company's platform educates teens on how to make financial decisions by developing patterned behaviors in a supervised app experience, allowing the transfer of money, direct deposits, and payments, enabling teenagers to become financially literate and parents and teens to achieve financial freedom.

VRBex, Inc.

Seed Round in 2022
VRBex, Inc. operates a digital platform that facilitates the transmission and exchange of select fiat currencies for digital currencies. The company focuses on trading digital currencies, security tokens, and utility tokens, while also providing digital wallets and custody services for certain crypto-assets. Additionally, VRBex offers record-keeping for transactions and balances. Based in Houston, Texas, and incorporated in 2018, the company aims to innovate in the financial services sector by integrating technology and cultural shifts associated with digital assets and blockchain. With a vision to disrupt the existing banking and digital asset industries, VRBex is developing a comprehensive plan to establish a full-service U.S. chartered bank that will provide a range of products and services across both traditional and digital financial landscapes.

Koxa

Venture Round in 2022
Developer of a fintech API platform designed to connect ERPs and accounting software with corporate bank accounts. The company's platform offers cloud-based tools such as identifying and access management, permission and approvals of customer requests as well as handles all the security, identity, and other banking operations, enabling banks and financial institutions to perform treasury-related operations efficiently.

Duplo

Pre Seed Round in 2022
Duplo enables businesses across Africa to reduce their reliance on cash payments through the use of virtual accounts, digital wallets and cards.

Ryze

Seed Round in 2022
Ryze Financial Inc. is a cryptocurrency investment platform that specializes in helping users accumulate and utilize Bitcoin. Founded in 2019 and based in Johns Creek, Georgia, the company develops real-time market data software that identifies investment trends and constructs personalized portfolios. Ryze offers tools for automated investment and portfolio diversification while providing an interactive dashboard for live portfolio tracking. Its technology simplifies the investment process by analyzing market data and tailoring investment decisions to match individual risk profiles, enabling customers to effectively grow and protect their wealth.

Bridge Money

Seed Round in 2022
Bridge is a developer of a banking platform used to help achieve financial freedom. It aims to provide a path towards upward financial mobility for the millions of people left behind by the traditional banking system. It was founded in 2018 and is headquartered in Chicago, Illinois.

Pariti

Seed Round in 2021
Pariti is a money management application platform. Their free app connects to your different bank accounts and credit cards to provide a simplified view of where you stand and a plan for improvement. They automatically forecast your upcoming income and bills to calculate how much you can afford to spend each week and provide proactive warnings to help you stay on track.

Obligo

Series B in 2021
Obligo, Inc. is a financial technology company based in New York, founded in 2017, that specializes in providing open banking solutions to simplify the rental process for both tenants and landlords by eliminating the need for security deposits. Its primary offering, Obligo, allows tenants to authorize landlords to charge a limited amount for potential damages instead of requiring a cash deposit. This model enables landlords to receive compensation for claims quickly while allowing tenants to repay any charges in installments. Obligo's innovative approach combines AI-based underwriting with open banking technology, making it a unique non-insurance alternative to traditional security deposits. The platform enhances the tenant-landlord relationship by promoting fairness, trust, and accountability, while also helping property owners streamline their operations and adapt to evolving regulatory requirements.

Benepass

Series A in 2021
Benepass, Inc. is a fintech platform that offers a benefits card specifically designed for startups and small to medium-sized businesses. Incorporated in 2019 and based in New York, the company provides a solution that facilitates the distribution of tax-advantaged employee benefits and wellness perks through a smart debit card and mobile app. This platform enables businesses to implement wellness policies that reflect their corporate values, manage company stipends for various allowances, and gain insights into employee spending preferences. Additionally, it integrates seamlessly with payroll and accounting software to ensure tax compliance, making it a comprehensive tool for enhancing employee benefits. The founders of Benepass include Jaclyn Chen, Kabir Soorya, and Mark Fischer.

Honest

Series A in 2021
Honestbank is a financial services provider based in Singapore.

Honest

Series A in 2021
Honestbank is a financial services provider based in Singapore.

BlockFi

Series E in 2021
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Bend

Series A in 2021
Bend Financial, Inc. specializes in designing and developing health savings account management solutions. Founded in 2017 and headquartered in Boston, Massachusetts, the company offers a suite of services aimed at enhancing health plan management. As a next-generation provider of health savings accounts, Bend Financial focuses on delivering innovative tools that facilitate better management of health-related expenses for individuals and organizations.

SoLo

Series A in 2021
SoLo Funds, Inc. is a mobile money exchange and lending platform that connects lenders and borrowers, allowing users to borrow on their own terms and lenders to benefit from their contributions. Established in 2015 and based in New York City, SoLo Funds operates as an alternative financial solution, offering rapid loan options to borrowers while providing lenders with significant value. The platform has evolved from a unique lending marketplace into a comprehensive community banking solution that leverages individual capital, insurance, and banking products, supported by advanced A.I. underwriting technology.

SecureSave

Seed Round in 2021
Secure provides a purpose-built emergency savings solution. Emergency savings are the foundation of financial wellness. Help your employees get started. Make an immediate impact on your team for a fraction of the cost of other workplace savings programs.

TravelBank

Series C in 2020
TravelBank is the modern all-in-one business travel and expense management platform, powering the expense and travel solution for more than 20,000 companies. Businesses gain immediate control of their travel program, reducing travel spend by 30% on average while improving employee happiness through a user-friendly design and travel rewards program. Companies can create and deploy custom travel policies with ease and create a baseline for travel spend, and have access to TravelBank’s in-house customer success team for 24/7 concierge-level support, always available by phone, email, or chat. For more information, please visit TravelBank.com or download our iOS or Android app.

StoreCash

Seed Round in 2020
StoreCash provides the only solution for the unbanked to request, receive and instantly use funds on a mobile device without needing a bank account. They do this by partnering with merchants to utilize closed loop technology. StoreCash is currently working towards a pilot with Western Union to provide WU users with the opportunity to give money senders a free option, meanwhile the merchant oversees the transaction fees.

Oxygen

Seed Round in 2019
Oxygen operates as a digital banking platform that uniquely caters to both personal and business banking needs, addressing the requirements of consumers, small businesses, and freelancers in the modern economy. In addition to its banking services, Oxygen Technical Services offers technology solutions that include computer and network designs, connectivity, website design, and e-commerce solutions. The company's commitment to cybersecurity emphasizes secure data storage, ensuring that backup and recovery processes comply with established standards. To maintain data resiliency, Oxygen implements comprehensive backup strategies and scheduled test restores, safeguarding data from servers, workstations, and various cloud platforms, including Microsoft 365.

Better.com

Series C in 2019
Better Holdco, Inc. is a digital mortgage lending company based in New York that offers a streamlined online platform for residential clients in multiple states across the U.S. Founded in 2016, Better.com focuses on providing a transparent and efficient home-financing experience by eliminating commissions, fees, and traditional branch appointments. The company offers a variety of mortgage options, including fixed and adjustable rates for conventional and jumbo loans, as well as refinancing services. In addition to mortgage lending, Better.com features a digital marketplace that provides competitive quotes from various insurance providers and connects clients with leading real estate agents. Since its inception, Better.com has facilitated $7.9 billion in home loans and $1 billion in insurance, aiming to democratize access to home financing.

Regalii

Series A in 2018
Arcus Financial Intelligence, Inc. operates a versatile application program interface (API) platform that supports banks and financial institutions in managing consumer bills and financial data. Founded in 2012 and based in New York, the company initially aimed to provide cross-border bill payment solutions under the name Regalii. However, it evolved to focus on domestic bill pay data, launching products like xData and xChange. Arcus offers real-time bill management and payment services, enabling users to gain insights into their financial obligations, including the number of bills, amounts owed, and due dates. The platform is widely used by notable fintech mobile payment applications, enhancing the accessibility and integration of financial services for consumers. Through its innovative fintech-as-a-service model, Arcus has raised significant investment from various venture capital firms and continues to drive advancements in payment solutions.

Alviere

Series A in 2018
Developer of an embedded finance platform designed to empower brands to offer financial services to their customers. The company's software and services give businesses a flexible framework to launch new financial service lines of business aimed at increasing profits, enabling customer relationships and insights, and increasing customer satisfaction and retention.

Haven Money

Venture Round in 2018
How busy millennials master money. Haven helps you effortlessly manage your finances with a free dashboard, automated saving and investing, and with high-yield accounts.

Rize

Seed Round in 2018
Rize builds customer-centric financial applications for fintechs, incumbents, and non-financial brands. Our patent-pending Synthetic Account technology seamlessly integrates checking, saving, and individual brokerage with one flexible platform.

FIS

Post in 2018
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com. Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).

BlockFi

Seed Round in 2018
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Archblock

Seed Round in 2018
Archblock, formerly known as TrustToken, Inc., operates a platform for creating asset-backed tokens that facilitate global buying and selling. Founded in 2017 and headquartered in San Francisco, the company aims to provide a seamless way to tokenize various assets, enabling the conversion of physical assets like gold into digital tokens. Its flagship product, TrueUSD, is a stablecoin that can be redeemed on a 1-for-1 basis for US dollars. Archblock employs a team with diverse backgrounds from prestigious institutions and companies, including Stanford, UC Berkeley, and major financial and tech firms. The platform is designed to align incentives among participants while ensuring compliance with fiduciary standards and creating a transparent audit trail of asset management.

Archblock

Venture Round in 2017
Archblock, formerly known as TrustToken, Inc., operates a platform for creating asset-backed tokens that facilitate global buying and selling. Founded in 2017 and headquartered in San Francisco, the company aims to provide a seamless way to tokenize various assets, enabling the conversion of physical assets like gold into digital tokens. Its flagship product, TrueUSD, is a stablecoin that can be redeemed on a 1-for-1 basis for US dollars. Archblock employs a team with diverse backgrounds from prestigious institutions and companies, including Stanford, UC Berkeley, and major financial and tech firms. The platform is designed to align incentives among participants while ensuring compliance with fiduciary standards and creating a transparent audit trail of asset management.

Regalii

Series A in 2017
Arcus Financial Intelligence, Inc. operates a versatile application program interface (API) platform that supports banks and financial institutions in managing consumer bills and financial data. Founded in 2012 and based in New York, the company initially aimed to provide cross-border bill payment solutions under the name Regalii. However, it evolved to focus on domestic bill pay data, launching products like xData and xChange. Arcus offers real-time bill management and payment services, enabling users to gain insights into their financial obligations, including the number of bills, amounts owed, and due dates. The platform is widely used by notable fintech mobile payment applications, enhancing the accessibility and integration of financial services for consumers. Through its innovative fintech-as-a-service model, Arcus has raised significant investment from various venture capital firms and continues to drive advancements in payment solutions.

Haven Money

Venture Round in 2017
How busy millennials master money. Haven helps you effortlessly manage your finances with a free dashboard, automated saving and investing, and with high-yield accounts.

Upstart

Series C in 2017
Upstart is an online lending platform that utilizes artificial intelligence and machine learning to streamline the borrowing process and enhance credit assessment. Founded in 2012 and based in San Mateo, California, Upstart connects consumers with a network of AI-enabled bank partners, allowing for a more efficient lending experience. The platform evaluates potential borrowers using a proprietary underwriting model that considers factors such as education, area of study, and employment history, rather than relying solely on traditional credit scores. This innovative approach enables banks to achieve higher approval rates and lower loss rates while providing a digital-first experience for customers. Upstart offers a variety of loan products, including personal loans, automotive loans, home equity lines of credit, and small dollar loans, catering to diverse consumer needs.

Blade

Seed Round in 2015
Blade Data Limited operates a platform-as-a-service based payments platform that offers digital currency spending via debit cards on existing global payment networks. Its platform provides digital currency companies with a solution to enable cross-currency payments online and offline; enables wallet and exchange customers to spend crypto-currencies; and handles on-boarding, collateralization, risk management, authorization, settlement, and exception processing. Blade Data Limited was incorporated in 2014 and is based in Dublin, Ireland.

Circle

Series A in 2013
Circle is a financial technology company that leverages blockchain technology to facilitate the sending, receiving, and investing of cryptocurrency assets globally. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a user-friendly online platform that simplifies money transfers and includes services such as Circle Pay for peer-to-peer payments. In addition, the company provides Circle Invest, allowing users to buy and sell cryptocurrencies, and Circle Trade, which operates a trading desk with a substantial liquidity pool for digital assets, averaging $2 billion in monthly trading volume. With significant backing from investors, including notable firms such as Goldman Sachs and Accel Partners, Circle has established a presence in major cities, including Boston, New York, San Francisco, Dublin, London, and Hong Kong. The company is dedicated to accelerating global crypto innovation and adoption through its various financial services.
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