Far Out Ventures

Neofin is a developer of an AI-powered B2B payments platform that enhances accounts receivable and billing processes for businesses. By automating and streamlining financial workflows, Neofin transforms how companies manage payments and invoices. The platform provides various payment methods and offers features such as reduced transactional fees, automated and personalized billing, and real-time reconciliation. These capabilities allow finance teams to save time and make informed decisions, ultimately optimizing their financial operations.

AltScore is a company that provides a lending-as-a-service toolbox, enabling B2B enterprises to create and manage their own credit products efficiently. It offers a suite of APIs that significantly reduce the time required to launch new lending products from years to just weeks. By leveraging artificial intelligence and alternative data points—such as mobile phone data, publicly available information, and demographic details—AltScore's technology allows businesses to analyze clients' credit scores and assess their creditworthiness. This comprehensive approach supports various stages of the loan process, including onboarding, underwriting, collections, and product renovations, thereby equipping companies with fintech-level capabilities to enhance their financial services.

Picaio is a technology company that specializes in developing a document processing platform aimed at managing large volumes of paper documents and complex sales and logistics operations. The platform utilizes advanced artificial intelligence to read and extract text from paper sources such as invoices and receipts. By offering features like data extraction, automated reconciliation, and image analysis and classification, Picaio enables clients to effectively unlock the potential of visual data. The company's solutions are designed to enhance accuracy and transparency in finance management, empowering businesses to make informed decisions with confidence.

FlexPoint operates a modern payments platform tailored to the IT channel, offering a streamlined checkout and support for multiple payment methods. The company provides white-label point-of-sale financing for large-ticket invoices and combines invoicing, payment processing, and POS financing into a unified software solution. Its platform focuses on managed service providers, using automation and integrations to simplify financial management, improve cash flow, and enhance transaction security. By enabling clients to offer customer payment services, FlexPoint aims to increase operational efficiency and customer satisfaction while reducing manual processes and risk.

Supra is a fintech company that specializes in providing cross-border payment and treasury solutions for businesses engaged in international trade. Its platform caters to companies of all sizes, enabling seamless transactions in multiple currencies. By offering services that facilitate foreign exchange and manage international treasury operations, Supra supports small and medium-sized businesses in navigating the complexities of global commerce. The company's focus on streamlined payment processes allows its clients to efficiently pay or receive payments across borders, enhancing their ability to operate in a competitive international market.

Boost My School is an educational institution focused on enhancing fundraising capabilities for schools and their communities. The company develops a software-as-a-service (SaaS) platform that provides an intuitive and collaborative environment for advancement professionals. Its application includes features such as a user-friendly interface, comment wall, supporter wall, class leaderboards, and social media integration. Additionally, it supports payment options like Apple Pay and Google Pay, enabling schools to secure the necessary funding to improve educational quality and foster vibrant community engagement.

Pavewise is a developer of software solutions specifically designed for the asphalt paving industry. The company offers a platform that integrates key paving variables with project specifications and equipment operations to enhance productivity and improve the quality of paving projects. By efficiently managing these project variables, Pavewise helps paving contractors maximize their efficiencies and ultimately increase their profits. The software enables users to streamline their paving processes, ensuring that projects are completed successfully while also optimizing the use of resources.

ProjectMark is a SaaS-based network and content management platform for the construction and AEC industry. It helps firms manage online content, streamline proposal workflows, and increase visibility by providing smart content creation and digital content capture that makes information searchable and reusable to populate databases. The platform also supports interactive qualification reports, organizational charts, digital resumes, and video content, and aggregates member profiles and project favorites to enable organizations to engage clients and showcase projects on an interactive network. By centralizing content and communications, ProjectMark aims to improve collaboration, accelerate proposal development, and enhance talent attraction within the construction ecosystem.

FlexPoint operates a modern payments platform tailored to the IT channel, offering a streamlined checkout and support for multiple payment methods. The company provides white-label point-of-sale financing for large-ticket invoices and combines invoicing, payment processing, and POS financing into a unified software solution. Its platform focuses on managed service providers, using automation and integrations to simplify financial management, improve cash flow, and enhance transaction security. By enabling clients to offer customer payment services, FlexPoint aims to increase operational efficiency and customer satisfaction while reducing manual processes and risk.

Devolut is a company focused on providing an end-to-end return service that enhances customer experience for businesses. It employs intelligent algorithms to streamline the returns and exchanges process, thereby improving sales and reducing operational costs. By offering reusable shipments and a real-time management portal, Devolut aims to facilitate hassle-free returns and exchanges for customers. Additionally, the company is committed to reducing the carbon footprint associated with logistics, making its solutions both efficient and environmentally conscious.

In-Seam is a private platform designed to enhance the capabilities of personal shoppers, stylists, and creatives within the luxury fashion industry. Founded in 2020 and based in New York, the company collaborates with renowned luxury brands such as Dior, Khaite, and Rodarte, as well as leading personal shoppers and stylists. Its platform offers a curated network that includes luxury designers, consignments, and free shipping, aimed at improving efficiency and meeting the diverse needs of clients. In-Seam's mission is to empower connectors who drive personalized service in luxury fashion, thereby reimagining the relationship between designers and clients while ensuring financial rewards and value within the industry.

Picaio is a technology company that specializes in developing a document processing platform aimed at managing large volumes of paper documents and complex sales and logistics operations. The platform utilizes advanced artificial intelligence to read and extract text from paper sources such as invoices and receipts. By offering features like data extraction, automated reconciliation, and image analysis and classification, Picaio enables clients to effectively unlock the potential of visual data. The company's solutions are designed to enhance accuracy and transparency in finance management, empowering businesses to make informed decisions with confidence.

Pest Share is a rapidly growing PropTech startup headquartered in Boise, Idaho, specializing in innovative pest control solutions. The company offers an on-demand technology platform that allows tenants to diagnose pest issues, request services, and receive treatment directly through their smartphones, bypassing the need for property managers. This approach not only enhances the rental experience for tenants but also serves as a value-added amenity for property managers, promoting operational efficiencies and creating new revenue opportunities. By providing affordable pest control services, Pest Share significantly reduces costs for tenants while ensuring a safer living environment.

Yumari is an innovative online marketplace that connects wholesale sellers with buyers, facilitating international trade. The platform provides a seamless B2B trading experience with features such as relevant sourcing, real-time tax calculations, and logistics management. Additionally, Yumari offers secure payment processing for international transactions, allowing wholesale manufacturers to expand their reach and sell products to both national and international markets. By simplifying the complexities of global trade, Yumari aims to enhance visibility and streamline logistics for businesses engaged in wholesale activities.

MooveAI is an automotive company that provides innovative solutions in end-to-end, predictive road intelligence analytics. Their first approach involves continuously collecting trillions of data points about road networks, including data about connected vehicles, road attributes, such as friction and traffic. The data is then integrated into our proprietary location analytics platform, where it is verified and analyzed. Finally, actionable insights are provided in the form of road risk scores that describe the relative safety of millions of individual road segments.

ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

ToMarket is an online platform designed to facilitate direct connections between local food producers and restaurants or chefs in need of high-quality edible goods. The company streamlines the agricultural procurement process by enabling purveyors to manage their inventory online, making it readily accessible for easy ordering by chefs. By simplifying the sourcing and selling of local products, ToMarket enhances efficiency for both farmers and culinary professionals, saving time and reducing the complexities of traditional ordering methods. This approach supports local food communities and promotes the use of fresh, locally sourced ingredients in the culinary sector.

Figuro is a technology company that specializes in transforming traditional insurance agents and brokers into modern insurtech firms. It offers a specialized Workflow Productivity System designed to address the inefficiencies commonly faced by these professionals. The platform centralizes data from multiple insurance carriers, streamlines administrative and sales tasks, and automates document generation, including the automatic completion of PDF forms. Additionally, it provides tools for data analysis and decision-making, enabling agents and brokers to enhance their workflows and improve accuracy. By empowering these professionals with a digital-first approach, Figuro facilitates a transition from conventional methods to innovative insurtech solutions, ultimately enhancing the client experience in the insurance sector, particularly in Latin America.

Bean operates a technology-driven accounting marketplace that connects independent financial accounting professionals with organizations ranging from startups to nonprofits. Its platform facilitates project administration by enabling users to track timesheets and manage billing efficiently. Utilizing dynamic matching technology, Bean aligns the skills of accountants with the specific project-based needs of businesses, fostering a flexible environment that prioritizes value creation for both professionals and clients. The company aims to empower financial accountants by providing them with the freedom to choose their engagements while helping organizations access the talent necessary to meet their financial service requirements.

ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Stake enables renters to receive cash back rewards for paying their rent. Stake is on a mission to make renting financially rewarding, build renters’ savings with no fees or debt accumulation, and empower today’s owners to create financially safe and secure rental communities. Stake reduces downtimes and marketing costs while boosting top-line revenue with retention and renewals. Its data-powered rewards lessen the overall cost of incentives and concessions by over 50% and increase leasing velocity by 2x.

Sparen is a real estate technology company that offers a digital platform designed to streamline the entire real estate transaction process. By integrating various components such as financing, property search, walkthroughs, inspections, and closing procedures, Sparen enables users to buy and sell real estate independently, without the need for traditional banks or agents. This person-to-person marketplace aims to simplify real estate transactions, making them more accessible and less cumbersome for users.

Circa develops an online payment platform that offers the community an easy way to collect rent through payment innovation. Its platform also makes it easier for properties to collect rent by giving residents more choice and control over their monthly expenses using flexible payments, credit reporting, and arrears planning.

Wrapmate is a technology-driven managed marketplace based in Greenwood Village, Colorado, that transforms the vehicle graphics industry. The company offers an end-to-end digital platform that allows customers to design, print, and install custom vehicle graphics. Through its innovative interface, users can visualize their unique graphic projects, enhancing their marketing and advertising efforts. Wrapmate connects clients, including business owners, fleet managers, and franchises, with a network of over 1,400 local installation service providers across the country, ensuring efficient service delivery and quality execution.

AltScore is a company that provides a lending-as-a-service toolbox, enabling B2B enterprises to create and manage their own credit products efficiently. It offers a suite of APIs that significantly reduce the time required to launch new lending products from years to just weeks. By leveraging artificial intelligence and alternative data points—such as mobile phone data, publicly available information, and demographic details—AltScore's technology allows businesses to analyze clients' credit scores and assess their creditworthiness. This comprehensive approach supports various stages of the loan process, including onboarding, underwriting, collections, and product renovations, thereby equipping companies with fintech-level capabilities to enhance their financial services.

Patient Pattern is a developer of geriatric medical software that focuses on identifying, stratifying, and communicating patient risk across various healthcare facilities and settings. The company provides a clinically validated solution for frailty and medication risk stratification, enabling healthcare providers to accurately code patient conditions and create deficit-driven care plans. This software offers clinical decision support, summarizing each patient's current situation and providing recommendations that facilitate efficient treatment of elderly patients. By improving care management, Patient Pattern aims to enhance patient outcomes while reducing overall utilization costs in healthcare.

CYRISMA, developed by Data Spotlite, offers a comprehensive cybersecurity software solution focused on managing cyber risk effectively. Unlike traditional methods that rely on a collection of disparate and costly tools, CYRISMA provides a unified interface that allows organizations to identify, report, summarize, and manage their cyber risks efficiently. The software is designed to protect critical data by enabling users to track mitigation progress and assign accountability without taxing their resources or personnel. This approach addresses the challenges many organizations face in achieving compliance and effectively managing cyber threats.

FlexPoint operates a modern payments platform tailored to the IT channel, offering a streamlined checkout and support for multiple payment methods. The company provides white-label point-of-sale financing for large-ticket invoices and combines invoicing, payment processing, and POS financing into a unified software solution. Its platform focuses on managed service providers, using automation and integrations to simplify financial management, improve cash flow, and enhance transaction security. By enabling clients to offer customer payment services, FlexPoint aims to increase operational efficiency and customer satisfaction while reducing manual processes and risk.