Fenway Summer Ventures is a venture capital firm established in 2014 and based in Washington, D.C. The firm specializes in investing in the financial technology sector, focusing on innovative companies that are transforming the financial services industry. Fenway Summer Ventures primarily targets early-stage investments but is also open to promising growth-stage opportunities. The firm aims to provide both capital and strategic insights to entrepreneurs, helping them to build strong brands and develop world-class teams within this multi-trillion dollar market.
Summer combines innovative technology and policy expertise to serve student loan borrowers. The company's platform provides resources including a personalized loan payment dashboard, payment notifications, student loan policy updates, and customized repayment plans, enabling student borrowers to take control of their loans and save money while repaying. Summer was established in 2017 in New York by Will Sealy.
Parlay
Pre Seed Round in 2024
Parlay helps community banks and credit unions qualify and convert more small business borrowers.
Matic
Series B in 2023
Matic Insurance Services, Inc. is a digital insurance agency based in Columbus, Ohio, with additional offices in California and Ukraine. Established in 2014, Matic has transformed the insurtech landscape by integrating insurance solutions into the home and auto ownership experience. The company's digital marketplace features over 40 A-rated home and auto insurance carriers and collaborates with various distribution partners across mortgage originations, banking, real estate, and personal finance. Matic prioritizes policyholder advocacy by offering a straightforward and transparent comparison shopping process, which enables customers to save significant time and reduce their premiums by more than 30% annually. Through its platform, Matic provides a seamless experience for homeowners to analyze property data and compare insurance quotes efficiently.
Summer
Series A in 2023
Summer combines innovative technology and policy expertise to serve student loan borrowers. The company's platform provides resources including a personalized loan payment dashboard, payment notifications, student loan policy updates, and customized repayment plans, enabling student borrowers to take control of their loans and save money while repaying. Summer was established in 2017 in New York by Will Sealy.
Green Check Verified
Convertible Note in 2021
Green Check Verified, Inc. is a company that specializes in providing a cloud-based regulatory compliance platform tailored for legal cannabis-related businesses and financial institutions. Founded in 2016 and based in North Haven, Connecticut, the company offers a software-as-a-service platform that includes compliance monitoring and reporting tools. This platform allows cannabis businesses to access traditional banking services while effectively managing and sharing their compliance history. By enabling transparent and verifiable banking solutions, Green Check Verified helps dispensaries and other cannabis enterprises foster stable and productive banking relationships, streamlining their operations and ensuring adherence to regulatory requirements.
DigitalPay
Seed Round in 2020
DigitalPay operates a software-as-a-service platform that enhances the speed, security, and convenience of digital payments for customers and vendors. Founded in 2011 and based in San Francisco, the company offers a gateway that allows users to securely send funds to their payees' preferred payment networks. The platform serves various industries, including travel, consumer rebates, legal services, and the contractor and freelance economy. By providing access to leading digital payment networks through a unified interface, DigitalPay enables real-time payments that lower operating costs, reduce the risk of fraud, and give recipients the flexibility to choose from multiple payment options.
National Credit Care
Venture Round in 2020
National Credit Care, LLC is a credit solutions provider based in Westminster, Colorado, established in 2005. The company specializes in offering credit restoration and counseling services across the United States. Its offerings include credit report analysis, consultation, and direct communication with creditors on behalf of clients. National Credit Care also focuses on error correction and removal, identity theft cleanup, and assistance with fraud-related issues. By addressing various credit-related challenges, the company aims to help individuals restore and repair their credit profiles effectively.
TangoTrade
Seed Round in 2019
TangoTrade is a business-to-business fintech company focused on empowering small and medium-sized enterprises by enhancing their access to global trade opportunities. The company has developed a trade finance platform that utilizes smart contracts and blockchain technology to streamline processes, reduce costs, and enhance security. By offering solutions that integrate financing, payment assurance, and cross-border payments, TangoTrade aims to simplify the complexities of international trade for its clients, enabling them to engage confidently in global markets.
Resolve
Seed Round in 2019
Resolve Innovations, Inc. operates a financial management platform aimed at assisting individuals in financial distress. Founded in 2017 and based in Oakland, California, the platform enables users to compare various debt relief options and connect with providers. It offers a range of tools designed to enhance credit scores, reduce expenses, increase income, manage and consolidate debt, lower interest rates, and negotiate with creditors. Additionally, Resolve provides free settlement estimates and consultations, empowering users to explore debt settlement alternatives and receive tailored estimates for their specific debts. The company's mission is to deliver affordable and unbiased support to those seeking financial relief.
Supply Finance
Series A in 2018
Supply Finance Limited operates a trade finance platform aimed at supporting small and medium-sized enterprises (SMEs) across Europe. Founded in 2017 and headquartered in Dublin, Ireland, the company seeks to level the playing field for smaller businesses by providing them with access to the same financing tools that larger corporations enjoy. Supply Finance has developed a sophisticated system that incorporates industrial-grade operations and capital, enabling efficient processing of trade finance products tailored for SMEs. To enhance its offerings, the company collaborates with various leading trade finance partners throughout Europe, helping to expand their services and improve access to essential financial products for small businesses.
Future Finance
Series C in 2018
Future Finance is a non-government lender based in Dublin that specializes in providing student loans. Founded in 2014 by Brian Norton and Vishal Garg, the company aims to eliminate financial barriers to education, allowing students to focus on their studies and career aspirations regardless of their financial backgrounds. Future Finance offers straightforward loan facilities that can be used for tuition fees and living expenses associated with both undergraduate and postgraduate studies. By prioritizing the future potential of students rather than their past financial circumstances, the company seeks to empower individuals to achieve their educational goals with ease.
FS Card
Venture Round in 2017
FS Card is a credit card venture designed to move small-dollar loan customers into a more affordable product. Their mission is to bring honest mainstream financial products to the mass market, enabling underserved borrowers to meet their everyday liquidity needs in a flexible and convenient way. At FS Card, they see an opportunity to re-imagine the small-dollar lending landscape and meet the needs of a customer base that has been poorly served by existing credit options. Their team has the vision and expertise to fix this problem and provide access for customers who too often struggle to borrow in a cost-effective way.
Elemeno Health
Seed Round in 2017
Elemeno Health, Inc. is a technology company that specializes in developing a mobile software platform aimed at enhancing patient safety and reducing medical errors in healthcare settings. Founded in 2016 and based in Oakland, California, Elemeno provides a team-based medical information platform that serves as a personal assistant for doctors and nurses. The platform offers frontline healthcare teams access to the latest practices, checklists, and instructional videos, facilitating effective communication and point-of-care training. By transforming complex medical practices into concise, actionable steps, Elemeno helps improve practice consistency and accelerates the adoption of best practices. The platform also incorporates gamification and recognition features to engage staff and create a feedback loop, allowing healthcare leaders to gain valuable insights into caregiver behavior and training needs. Elemeno's cloud-based solution can be deployed without the need for hospital IT resources and is accessible on various devices, making it a versatile tool for healthcare providers.
EarnUp
Series A in 2017
EarnUp Inc. is a fintech company based in San Francisco, California, that focuses on automating loan payments for consumers. Established in 2013, EarnUp's platform is designed to assist over 200 million Americans managing various types of debt, including home mortgages, student loans, auto loans, and personal loans. The platform allows users to set aside small amounts of money when they can afford it, which are then allocated for loan payments, helping users pay off their debts more efficiently. By syncing micro-payments with individual income and automating savings in real-time, EarnUp aims to alleviate the stress of financial management and empower users to take control of their financial situations.
Numerated
Series A in 2017
Numerated is a fintech company that simplifies business banking for financial institutions and their clients through its digital lending platform. This platform enhances the customer experience by offering pre-filled digital applications and flexible decision automation, allowing banks and credit unions to efficiently process a wide range of business banking products. With over 400,000 businesses and 30,000 financial institution associates utilizing its services, Numerated has facilitated $50 billion in lending. The company serves financial institutions with a combined asset total of $1 trillion, including notable clients such as Bremer Bank and Eastern Bank. Numerated has received recognition for its impact in the industry, being named one of the Top 250 FinTechs by CB Insights and the Best Overall Business Lending Company by FinTech Breakthrough.
Lendable
Series A in 2017
Lendable is a lending platform. When you borrow money, it comes straight from an investor. Unlike banks, who hand out loans from piles of cash they look after on behalf of savers. Their platform is super-fast (you’ll see in a moment), and makes lending as hassle- free as possible. It’s a matter of a few clicks and you get your quote. Unlike banks, who require paperwork and run expensive branch networks.
Lendable
Series A in 2017
Lendable Inc., established in 2014 and headquartered in San Francisco, specializes in facilitating debt financing for fintech firms operating in emerging and frontier markets. The company's core business involves operating an online lending platform that connects alternative lenders with institutional debt investors, thereby bridging the funding gap for high-growth fintechs in Africa and other developing regions. Lendable aims to expand financial access by supporting impact investing as a competitive asset class, targeting one hundred million underserved borrowers worldwide.
RevolutionCredit
Seed Round in 2017
RevolutionCredit, Inc. is a behavioral data and analytics firm specializing in the consumer credit decisioning process. Based in Irvine, California, the company offers innovative solutions such as BeyondMyScore, which captures predictive behavioral signals from consumers at the point of transaction, enhancing lenders' acquisition and account management capabilities across the credit risk spectrum. Additionally, RevolutionCredit provides BackOnTrack, a solution designed to leverage behavioral science for optimizing collections outcomes for creditors. Founded in 2010, the firm focuses on delivering real-time behavioral scores that enable creditors to better risk-segment consumers and encourage positive changes in their financial behaviors.
Advizr
Series A in 2017
Advizr Inc. develops financial planning applications aimed at enhancing the financial advisory process. Its flagship product, Advizr Express, provides users with a quick assessment of their retirement readiness and is designed for compatibility with iPads, tablets, and integration into client websites. The software automates the delivery of financial advice, allowing more financial advisors to offer comprehensive planning services, thereby enabling clients of varying net worth to access personalized financial plans. Founded in 2012 and based in New York, Advizr operates as a subsidiary of Orion Advisor Services, LLC, and was co-founded by Hussain Zaidi, Mustapha Baassiri, and Jorge Alvarez.
Merlon Intelligence
Seed Round in 2017
Merlon Intelligence, Inc. is a global compliance technology company based in San Francisco, California, that specializes in developing risk management and compliance solutions for the financial industry. Founded in 2016, the company offers a suite of services designed to enhance compliance processes for banks and financial institutions. Its key products include Merlon Intelligent Screening, which automates customer screening by analyzing news and information; Merlon Intelligent List Management, which manages sanction lists related to financial crimes; Merlon Intelligent Assessment, a platform that streamlines customer risk assessments; and Merlon Intelligent Triage, which aids compliance analysts by aggregating and organizing relevant customer information. By providing these innovative solutions, Merlon Intelligence aims to help financial institutions mitigate risk and combat money laundering effectively.
Nav
Series B in 2017
Nav is a business financial management platform that provides entrepreneurs with free access to personal and business credit reports from major credit bureaus, including Experian, Dun & Bradstreet, Equifax, and TransUnion. The platform offers tools for monitoring finances and building business credit, along with a marketplace featuring over 100 financing products, such as loans and credit cards. By employing a lender-neutral approach, Nav helps business owners identify the most suitable financing options based on their specific needs and approval odds. Additionally, Nav's services are utilized by other business service providers to enhance their customer offerings, making it a valuable resource for managing operational funding requirements efficiently.
XOR Data Exchange
Venture Round in 2017
XOR Data Exchange, Inc. has developed a permission-based data exchange platform aimed at addressing fraud and credit risk issues in the financial services and communications sectors. By enabling data owners to share information securely, the platform allows organizations to optimize and monetize their data while maintaining ownership and control. XOR Data Exchange also offers solutions to combat identity theft, including a compromised identity exchange and a patent-pending technology called Lumen, which identifies personal information on the Internet, including dark web sources. The company serves various clients, including credit card issuers, small business lenders, and sectors such as wireless and cable industries. Founded in 2014, XOR Data Exchange is headquartered in Austin, Texas.
Maxex
Series A in 2017
MAXEX, LLC operates a digital mortgage exchange that facilitates the buying and selling of residential mortgage loans through a centralized clearinghouse. Based in Atlanta, Georgia, the company connects qualified mortgage lenders, including banks and non-bank institutions, with institutional investors such as Wall Street banks and real estate investment trusts. MAXEX provides a comprehensive platform that includes standardized rules, independent loan reviews, ongoing surveillance of loans and servicing, and a dispute resolution process, all aimed at ensuring efficient transactions. The platform allows participants to manage transactions at scale, enabling them to create bids and offers for individual loans and pools of loans, thereby enhancing liquidity in the mortgage market. Established in 2009, MAXEX is led by a team of mortgage experts and is supported by notable private equity and capital market investors.
SupportPay
Series A in 2016
Ittavi, Inc was the original creator of SupportPay, a payment platform designed to assist single, divorced, separated, and blended families in managing their financial relationships. The platform enabled users to track child support payments and share expenses directly between parents, facilitating the management of financial obligations. Features included expense tracking, receipt storage, and payment processing. However, Ittavi, Inc was liquidated in early 2018 and no longer exists. The assets and operations of SupportPay were subsequently acquired by Smart Family Tech, Inc, which now oversees the platform and its services.
SupportPay
Series A in 2016
Ittavi, Inc was the original creator of SupportPay, a payment platform designed to assist single, divorced, separated, and blended families in managing their financial relationships. The platform enabled users to track child support payments and share expenses directly between parents, facilitating the management of financial obligations. Features included expense tracking, receipt storage, and payment processing. However, Ittavi, Inc was liquidated in early 2018 and no longer exists. The assets and operations of SupportPay were subsequently acquired by Smart Family Tech, Inc, which now oversees the platform and its services.
PayJoy
Series A in 2016
PayJoy Inc. is a consumer financing company based in San Francisco, California, founded in 2015. The firm specializes in providing smartphone-enabled financing solutions, primarily targeting underbanked individuals in emerging markets. By leveraging mobile security technology, PayJoy allows customers to select a smartphone, make an initial deposit, and choose a flexible payment plan. The financed smartphone serves as collateral, unlocking its full functionality once the purchase is complete. PayJoy's mission is to enhance access to credit for underserved populations, helping them navigate financial challenges and improve their economic standing. The company has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, and South Africa, and continues to show solid profitability and growth.
EarnUp
Seed Round in 2016
EarnUp Inc. is a fintech company based in San Francisco, California, that focuses on automating loan payments for consumers. Established in 2013, EarnUp's platform is designed to assist over 200 million Americans managing various types of debt, including home mortgages, student loans, auto loans, and personal loans. The platform allows users to set aside small amounts of money when they can afford it, which are then allocated for loan payments, helping users pay off their debts more efficiently. By syncing micro-payments with individual income and automating savings in real-time, EarnUp aims to alleviate the stress of financial management and empower users to take control of their financial situations.
Trunomi
Seed Round in 2016
Trunomi, Inc. operates a consent-based data-sharing platform aimed at enhancing customer verification processes for financial industry clients in the U.S. and internationally. Founded in 2014 and based in Campbell, California, Trunomi enables customers to digitally manage and share their personal data through a secure personal data store, ensuring compliance with data privacy regulations. The platform allows businesses to understand the data they hold, comply with global regulations, and automate data subject request management. Notably, Trunomi's patented technology does not store customer personal data, ensuring a zero-risk solution that operates beyond jurisdictional data boundaries. The platform also supports secure messaging and document sharing, and is designed to improve customer experience by transforming privacy into a positive engagement.
Advizr
Convertible Note in 2016
Advizr Inc. develops financial planning applications aimed at enhancing the financial advisory process. Its flagship product, Advizr Express, provides users with a quick assessment of their retirement readiness and is designed for compatibility with iPads, tablets, and integration into client websites. The software automates the delivery of financial advice, allowing more financial advisors to offer comprehensive planning services, thereby enabling clients of varying net worth to access personalized financial plans. Founded in 2012 and based in New York, Advizr operates as a subsidiary of Orion Advisor Services, LLC, and was co-founded by Hussain Zaidi, Mustapha Baassiri, and Jorge Alvarez.
Future Finance
Series B in 2016
Future Finance is a non-government lender based in Dublin that specializes in providing student loans. Founded in 2014 by Brian Norton and Vishal Garg, the company aims to eliminate financial barriers to education, allowing students to focus on their studies and career aspirations regardless of their financial backgrounds. Future Finance offers straightforward loan facilities that can be used for tuition fees and living expenses associated with both undergraduate and postgraduate studies. By prioritizing the future potential of students rather than their past financial circumstances, the company seeks to empower individuals to achieve their educational goals with ease.
Wunder
Series A in 2016
Wunder is a company based in Boulder, Colorado, specializing in financing and developing large-scale solar projects across the United States. Established in 2013, Wunder provides construction and term financing for various commercial solar initiatives, including power purchase agreements, feed-in tariffs, and community solar developments. The company collaborates with solar organizations and financial institutions to facilitate the creation of solar projects for businesses, municipalities, nonprofits, and communities. Additionally, Wunder operates solar investment funds that connect individual and institutional investors with solar projects, leveraging proprietary software to conduct thorough project evaluations. This approach enables accredited investors to build diversified solar portfolios, traditionally accessible only to larger entities.
Vault
Seed Round in 2016
Vault is a technology company based in Austin, Texas, that specializes in a comprehensive platform designed to address the challenges of student loan management. Founded in 2013, Vault offers an intuitive web-based tool that provides a secure experience for employees, helping them navigate their student loan debt and achieve financial freedom. The platform allows employers to contribute to their employees' debt repayment, enhancing talent acquisition and retention strategies. By simplifying repayment scenarios and assisting in the identification of suitable plans, Vault empowers both employers and employees to foster enduring relationships. Additionally, the company supports employees in managing their student debt while simultaneously building their retirement savings.
CARD.com
Series C in 2016
CARD.com specializes in affinity branded prepaid cards, providing a range of financial products tailored to consumer interests. The company offers an extensive selection of over 8,000 personalized card designs featuring popular figures and brands, such as athletes from the NFLPA and iconic characters like Sonic the Hedgehog and Betty Boop. CARD.com’s platform functions similarly to a debit account, allowing users to load money conveniently and conduct transactions across various channels, including online bill payments, direct deposits, ATM withdrawals, and point-of-sale purchases. This flexibility enables users to manage their finances seamlessly within today's mobile lifestyle.
StreetShares
Series A in 2016
StreetShares, Inc. operates a peer-to-peer small business lending marketplace that connects small business owners with retail and institutional investors. Founded in 2014 and based in Reston, Virginia, the company provides a lending-as-a-service platform that enables community banks and credit unions to offer small business loans efficiently. Its product offerings include term loans, business bonds, and both secured and unsecured small business loans. The platform supports financial institutions in delivering loans with a streamlined, digital experience, featuring rapid underwriting processes. StreetShares has gained recognition for its innovative approach in the financial technology sector, facilitating greater access to capital for small businesses.
College Ave Student Loans
Series C in 2016
College Ave Student Loans offers private student loans to undergraduate students, graduate students, and the parents of students entering college. By specializing in student loans, it is able to provide its customers the attention they deserve and deliver loans that are personalized for each individual. The company also facilitates competitive rates, the most repayment options, and a customer-friendly experience from application through repayment. College Ave Student Loans also offers its borrowers the choice between deferred, interest only, flat payment, and full principal and interest payments.
Bee (One Financial)
Seed Round in 2015
We create and market financial products that work for everyone, and we’re committed to passing the returns from innovation on to our customers. Today, we’re focused on low- and middle-income Americans, for whom we offer an app-based direct to consumer banking product (think checking account) but are striving to build a product suite that will ultimately appeal to everyone. We are a venture-backed startup with a mission to provide everyone with low cost, accessible financial services that are clear, convenient, personal, and fair.
Bee (One Financial)
Venture Round in 2015
We create and market financial products that work for everyone, and we’re committed to passing the returns from innovation on to our customers. Today, we’re focused on low- and middle-income Americans, for whom we offer an app-based direct to consumer banking product (think checking account) but are striving to build a product suite that will ultimately appeal to everyone. We are a venture-backed startup with a mission to provide everyone with low cost, accessible financial services that are clear, convenient, personal, and fair.
CARD.com
Series B in 2015
CARD.com specializes in affinity branded prepaid cards, providing a range of financial products tailored to consumer interests. The company offers an extensive selection of over 8,000 personalized card designs featuring popular figures and brands, such as athletes from the NFLPA and iconic characters like Sonic the Hedgehog and Betty Boop. CARD.com’s platform functions similarly to a debit account, allowing users to load money conveniently and conduct transactions across various channels, including online bill payments, direct deposits, ATM withdrawals, and point-of-sale purchases. This flexibility enables users to manage their finances seamlessly within today's mobile lifestyle.
Lendable
Seed Round in 2015
Lendable Inc., established in 2014 and headquartered in San Francisco, specializes in facilitating debt financing for fintech firms operating in emerging and frontier markets. The company's core business involves operating an online lending platform that connects alternative lenders with institutional debt investors, thereby bridging the funding gap for high-growth fintechs in Africa and other developing regions. Lendable aims to expand financial access by supporting impact investing as a competitive asset class, targeting one hundred million underserved borrowers worldwide.
Quotanda
Seed Round in 2015
Quotanda is a lending as a service (LaaS) platform that specializes in providing student loan services aimed at democratizing access to education. The company offers a comprehensive online lending platform that enables various organizations, including lenders, educational institutions, and community foundations, to quickly establish affordable education loan programs in any country and currency. Quotanda's technology streamlines the entire lending process, managing all aspects of online lending programs for its partners. This includes program setup, marketing, compliance, credit origination, loan disbursement, and ongoing servicing, such as interest and principal collection, as well as default management. By improving financing options, Quotanda helps students secure loans for their educational pursuits, fostering greater affordability in education.
Advizr
Seed Round in 2015
Advizr Inc. develops financial planning applications aimed at enhancing the financial advisory process. Its flagship product, Advizr Express, provides users with a quick assessment of their retirement readiness and is designed for compatibility with iPads, tablets, and integration into client websites. The software automates the delivery of financial advice, allowing more financial advisors to offer comprehensive planning services, thereby enabling clients of varying net worth to access personalized financial plans. Founded in 2012 and based in New York, Advizr operates as a subsidiary of Orion Advisor Services, LLC, and was co-founded by Hussain Zaidi, Mustapha Baassiri, and Jorge Alvarez.
PeerIQ
Seed Round in 2015
PeerIQ, Inc. is a financial information services company based in New York that specializes in the peer-to-peer lending sector. The firm provides institutional investors with an analytics platform that aggregates loan data from various online P2P marketplaces, offering credit risk analytics and benchmarks. These tools enable clients to assess loan performance, generate cash flows, develop investment strategies, price credit instruments, and manage loan portfolios while evaluating associated risks. Additionally, PeerIQ offers a Consumer Credit Suite, which integrates consumer credit datasets with its risk analytics platform, assisting clients in optimizing their loan portfolios and making informed investment and origination decisions. Founded in 2001, PeerIQ aims to enhance the P2P lending market by promoting transparency and efficient risk management through its comprehensive analytics solutions.
Trunomi
Seed Round in 2015
Trunomi, Inc. operates a consent-based data-sharing platform aimed at enhancing customer verification processes for financial industry clients in the U.S. and internationally. Founded in 2014 and based in Campbell, California, Trunomi enables customers to digitally manage and share their personal data through a secure personal data store, ensuring compliance with data privacy regulations. The platform allows businesses to understand the data they hold, comply with global regulations, and automate data subject request management. Notably, Trunomi's patented technology does not store customer personal data, ensuring a zero-risk solution that operates beyond jurisdictional data boundaries. The platform also supports secure messaging and document sharing, and is designed to improve customer experience by transforming privacy into a positive engagement.
Shift
Series B in 2015
Shift is an online marketplace specializing in the buying and selling of used cars. The company functions as a personal concierge service by detailing vehicles, listing them on various platforms, managing test drives, and identifying potential buyers. Shift charges a service fee that covers registration, car preparation, and applicable sales tax. To facilitate informed purchasing decisions, Shift provides customers with a comprehensive 150-point concierge report, which includes specifications, high-resolution images, vehicle history, and performance results. This approach aims to streamline the used car transaction process for both buyers and sellers.
XOR Data Exchange
Series A in 2015
XOR Data Exchange, Inc. has developed a permission-based data exchange platform aimed at addressing fraud and credit risk issues in the financial services and communications sectors. By enabling data owners to share information securely, the platform allows organizations to optimize and monetize their data while maintaining ownership and control. XOR Data Exchange also offers solutions to combat identity theft, including a compromised identity exchange and a patent-pending technology called Lumen, which identifies personal information on the Internet, including dark web sources. The company serves various clients, including credit card issuers, small business lenders, and sectors such as wireless and cable industries. Founded in 2014, XOR Data Exchange is headquartered in Austin, Texas.
Flexport
Series A in 2015
Flexport, Inc. is a global freight forwarder and logistics platform that offers online customs brokerage and freight forwarding services. Established in 2013 and headquartered in San Francisco, California, the company provides a modern web application that allows businesses to understand, purchase, manage, and track global trade services. Flexport's offerings include customs clearances, product classification, and various freight options, such as ocean, air, and road transport. Additionally, the platform provides supply chain services, including cargo insurance, quality inspections, warehousing, fulfillment, product sourcing, and trade finance. By utilizing advanced technology, Flexport aims to enhance the user experience in global trade, enabling logistics companies to optimize transportation routes and inventory management while ensuring timely delivery of goods to fulfillment centers.
Applied Data Finance
Seed Round in 2015
Applied Data Finance, LLC, operating as Personify Financial, specializes in providing loans to less-than-prime borrowers in the United States. Founded in 2014 and based in San Diego, California, the company has developed a platform that leverages advanced data science and machine learning to assess the credit risk of non-prime borrowers. This allows them to offer consumer loans and credit facilities to individuals who typically cannot access traditional financing options. Additionally, Applied Data Finance has created an Institutional Whole Loan Platform, which facilitates institutional investors in purchasing loans originated through its proprietary predictive analytics. This approach positions the company as a crucial link between underbanked consumers and capital markets.
Goodworld
Seed Round in 2015
Goodworld, Inc. operates an online platform that facilitates charitable donations through social media, allowing users to support causes they care about by using the #donate hashtag on platforms like Facebook and Twitter. Founded in 2014 and headquartered in Washington, D.C., Goodworld specializes in social payments and nonprofit technology, providing a secure and efficient system for fundraising. The platform empowers nonprofits to raise funds while enabling users to easily comment, tweet, and donate, thereby enhancing the viral nature of charitable giving. Through its innovative approach, Goodworld connects communities and promotes social impact movements, making the donation process straightforward and accessible.
Veem
Series A in 2015
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.
StreetShares
Seed Round in 2015
StreetShares, Inc. operates a peer-to-peer small business lending marketplace that connects small business owners with retail and institutional investors. Founded in 2014 and based in Reston, Virginia, the company provides a lending-as-a-service platform that enables community banks and credit unions to offer small business loans efficiently. Its product offerings include term loans, business bonds, and both secured and unsecured small business loans. The platform supports financial institutions in delivering loans with a streamlined, digital experience, featuring rapid underwriting processes. StreetShares has gained recognition for its innovative approach in the financial technology sector, facilitating greater access to capital for small businesses.
DigitalPay
Seed Round in 2015
DigitalPay operates a software-as-a-service platform that enhances the speed, security, and convenience of digital payments for customers and vendors. Founded in 2011 and based in San Francisco, the company offers a gateway that allows users to securely send funds to their payees' preferred payment networks. The platform serves various industries, including travel, consumer rebates, legal services, and the contractor and freelance economy. By providing access to leading digital payment networks through a unified interface, DigitalPay enables real-time payments that lower operating costs, reduce the risk of fraud, and give recipients the flexibility to choose from multiple payment options.
SupportPay
Seed Round in 2015
Ittavi, Inc was the original creator of SupportPay, a payment platform designed to assist single, divorced, separated, and blended families in managing their financial relationships. The platform enabled users to track child support payments and share expenses directly between parents, facilitating the management of financial obligations. Features included expense tracking, receipt storage, and payment processing. However, Ittavi, Inc was liquidated in early 2018 and no longer exists. The assets and operations of SupportPay were subsequently acquired by Smart Family Tech, Inc, which now oversees the platform and its services.
College Ave Student Loans
Venture Round in 2015
College Ave Student Loans offers private student loans to undergraduate students, graduate students, and the parents of students entering college. By specializing in student loans, it is able to provide its customers the attention they deserve and deliver loans that are personalized for each individual. The company also facilitates competitive rates, the most repayment options, and a customer-friendly experience from application through repayment. College Ave Student Loans also offers its borrowers the choice between deferred, interest only, flat payment, and full principal and interest payments.
Circle
Series C in 2015
Circle is a financial technology firm that leverages blockchain technology and stablecoins to facilitate payments and e-commerce. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle enhances the way users send and receive money through its platform, Circle Pay. The company offers a cryptocurrency investment product called Circle Invest, enabling users to buy and sell various crypto assets. Additionally, Circle provides over-the-counter trading services through Circle Trade, featuring one of the largest global liquidity pools for digital asset trading, with an average monthly volume of $2 billion. Backed by significant investments from notable firms, Circle operates from its headquarters in Boston and has branches in New York, San Francisco, Dublin, London, and Hong Kong.
Veem
Seed Round in 2015
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.
DriveWealth
Series A in 2015
DriveWealth is a fintech company based in Chatham, New Jersey, founded in 2012. It operates a mobile investing platform designed for individual investors, offering a range of exchange-traded funds, U.S.-listed stocks, and educational content to help users understand financial basics. DriveWealth's technology enables partners worldwide to provide branded investing experiences, facilitating customer acquisition, loyalty, retention, and revenue growth. The company specializes in fractional equities trading and offers cloud-based, API-driven brokerage infrastructure, allowing global partners to access the U.S. equities market through real-time fractional share investments.
Tuition.io
Seed Round in 2015
Tuition.io, Inc. operates a platform designed to assist users in managing their student loan portfolios, which includes federal family education loans, federal direct loans, and private loans from various servicers. The platform enables employers to provide a valuable benefit that allows them to contribute directly to employees' student loan debt, thereby addressing a significant financial burden faced by many workers. In addition to facilitating loan management, Tuition.io offers financial wellness education to help employees optimize their student debt. Founded in 2011 and based in Santa Monica, California, Tuition.io was previously known as Binksty before rebranding in July 2012. The company's services aim to help employers attract, engage, and retain talent by alleviating the challenges associated with student debt.
Deserve
Seed Round in 2014
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and other financial products tailored for international students in the United States. Founded in 2012 and originally known as Tremus, Inc., the company leverages machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve utilizes various predictive attributes, such as education and future employability, to evaluate a student's ability to repay. Additionally, the company operates a mobile-first, cloud-native platform, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to enhance the customer experience.
Shift
Series A in 2014
Shift is an online marketplace specializing in the buying and selling of used cars. The company functions as a personal concierge service by detailing vehicles, listing them on various platforms, managing test drives, and identifying potential buyers. Shift charges a service fee that covers registration, car preparation, and applicable sales tax. To facilitate informed purchasing decisions, Shift provides customers with a comprehensive 150-point concierge report, which includes specifications, high-resolution images, vehicle history, and performance results. This approach aims to streamline the used car transaction process for both buyers and sellers.
College Ave Student Loans
Seed Round in 2014
College Ave Student Loans offers private student loans to undergraduate students, graduate students, and the parents of students entering college. By specializing in student loans, it is able to provide its customers the attention they deserve and deliver loans that are personalized for each individual. The company also facilitates competitive rates, the most repayment options, and a customer-friendly experience from application through repayment. College Ave Student Loans also offers its borrowers the choice between deferred, interest only, flat payment, and full principal and interest payments.
Veem
Convertible Note in 2014
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.
Shift
Seed Round in 2014
Shift is an online marketplace specializing in the buying and selling of used cars. The company functions as a personal concierge service by detailing vehicles, listing them on various platforms, managing test drives, and identifying potential buyers. Shift charges a service fee that covers registration, car preparation, and applicable sales tax. To facilitate informed purchasing decisions, Shift provides customers with a comprehensive 150-point concierge report, which includes specifications, high-resolution images, vehicle history, and performance results. This approach aims to streamline the used car transaction process for both buyers and sellers.
Tuition.io
Seed Round in 2014
Tuition.io, Inc. operates a platform designed to assist users in managing their student loan portfolios, which includes federal family education loans, federal direct loans, and private loans from various servicers. The platform enables employers to provide a valuable benefit that allows them to contribute directly to employees' student loan debt, thereby addressing a significant financial burden faced by many workers. In addition to facilitating loan management, Tuition.io offers financial wellness education to help employees optimize their student debt. Founded in 2011 and based in Santa Monica, California, Tuition.io was previously known as Binksty before rebranding in July 2012. The company's services aim to help employers attract, engage, and retain talent by alleviating the challenges associated with student debt.
Circle
Series B in 2014
Circle is a financial technology firm that leverages blockchain technology and stablecoins to facilitate payments and e-commerce. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle enhances the way users send and receive money through its platform, Circle Pay. The company offers a cryptocurrency investment product called Circle Invest, enabling users to buy and sell various crypto assets. Additionally, Circle provides over-the-counter trading services through Circle Trade, featuring one of the largest global liquidity pools for digital asset trading, with an average monthly volume of $2 billion. Backed by significant investments from notable firms, Circle operates from its headquarters in Boston and has branches in New York, San Francisco, Dublin, London, and Hong Kong.
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