The current banking system in the US isn’t structured to help the 130M+ Americans that are living paycheck to paycheck to succeed, instead banks focus on large depositors to support their lending businesses. Current is the digital challenger bank that directly addresses this mismatch by focusing on liquidity and providing access to banking services that include the ability to deliver paychecks up to two days early with direct deposit, no overdraft fees, and earn cashback. The company’s platform is designed to be inclusive for all Americans regardless of age or income level, especially the younger generation; the average age of a Current checking account member is 27 and approximately 50% of its members have never had a bank account before. AlleyWatch caught up with CEO and Founder Stuart Sopp to learn about Current’s response during the pandemic, simple mission to get money to its customers as fast as possible, impressive user growth, and recent funding round from investors that include Tiger Global Management, Sapphire Ventures. Avenir, Foundation Capital, Wellington Management Company, and QED Investors.
The security of digital assets is absolutely critical in ensuring widespread adoption and this has led to the emergence of countless digital-asset-as-security-service offerings. Fireblocks has emerged as a leader in digital asset security, with a growing number of companies rely-ing on Fireblock’s platform to securely store, transfer, and issue digital assets. The compa-ny has facilitated the transfer of over $150B+ in digital assets for local and international companies since its launch, $23B+ worth of digital assets transferred in Q3 alone, and the company has tripled its customer base already in Q4. AlleyWatch caught up with Co-founder and CEO Michael Shaulov to learn more about how Fireblocks provides the criti-cal infrastructure needed for enterprises to scale digital asset exposure, the company’s growth, and recent funding round from investors that include Paradigm, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Ce-dar Hill Capital.
Options traders that reliant on data-driven trades are often forced to combine disparate sources that do not integrate directly with their trading platforms, creating bottlenecks and inefficiencies, especially when the markets are moving fast. These legacy systems also make it nearly impossible to trade algorithmically. OptionsLive is the fully electronic options trading platform that easily integrates into a traders’ existing workflows. The platform provides traders with real-time information and analytics so they can be certain they are never making trading decisions based on old or stale information. This comprehensive options trading solution is built on OpenFin, the financial markets’ operating system (OS), that’s already found in more than 1,200 desktop applications across 225,000 desktops in over 1,500 buy-side and sell-side firms. AlleyWatch caught up with David Hoffman shares more on how OptionsLive replaces legacy systems, the company’s future plans, and differentiators.
The most agile and innovative companies will rely on AI-powered digital “coworkers” alongside creative humans to enhance productivity and increase profits. Roots Automation has built the first zero integration, self-learning Digital Coworker (pre-trained bot) that can perform a variety of common tasks found in Insurance, Healthcare, and Financial Services roles. Through interactions with human counterparts, the pre-programmed bots increase their capabilities and become more efficient, better at understanding the business, and eventually have the capacity to offset the work of four to eight individuals on average per bot. AlleyWatch caught up with CEO and Cofounder Chaz Perera to learn more about the company, how his time as Chief Transformation Officer at AIG provided the inspiration for the Roots Automation, and the company’s first funding round led by Vestigo Ventures.
The next step in the financial evolution has welcomed the applications of immersive Augmented and virtual realities. AR and VR can transform traditional banking and financial services into staggering, visual experiences by developing a personalized, face-to-face virtual environment.
My market cap target for bitcoin is $2 Trillion, or $100,000 per bitcoin ever to be mined. This target is predicated on bitcoin growing its market share of store of value from 2% today to 17% by 2024 (assuming gold holds its current market cap of $12.5 trillion).
Rally is the five-year-old startup that democratizes the ownership of highly-coveted collectibles. This alternative investment platform lets anyone buy/sell ownership stakes in rare items like the 1937 Heisman Trophy (valued at $460K) or a Mike Trout Rookie Autograph Card (valued at $225K). Traditionally these types of investments have been only available to the ultra-wealthy. The […]
There has been explosive growth in the number of freelancers as a result of the pandemic. Lili, is the all-in-one banking platform along with real-time expense tracking, tax tools, and financial insights that are tailored specifically for the needs of freelancers. AlleyWatch caught up with CEO and Cofounder Lilac Bar David to learn more about the pain points of freelancing that Lili addresses, the company’s impressive growth during the pandemic, and recent funding round from investors that include Group 11, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures. This is the company’s second funding this year as the company just raised its seed round in June!
SMBs have traditionally lacked the resources to build out robust benefits department forcing them to outsource benefit decisions to traditional brokers and bear an increasingly disproportionate burden in rising healthcare costs. Nava, an employee benefits brokerage founded by the founders of Hightower and Kareem Zaki of Thrive Capital, brings affordable healthcare to the 160M Americans who rely on employers for health insurance. With Nava, small-to-midsized businesses are equipped with the resources, tools, and expertise to deliver valuable yet accessible benefits to their employees, while driving down overall plan costs for the employer. AlleyWatch caught up with CEO, Cofounder, and repeat entrepreneur Brandon Weber to learn more about the genesis for Nava, the company’s mission to make healthcare more transparent, and the company’s recent funding round led by Thrive Capital.
For the millions of people in the US without health insurance, visiting the doctor for a routine checkup or when feeling under the weather can be a catastrophic expense. Mira allows people without insurance to receive preventative and urgent care at an affordable and accessible price point. The platform operates on a membership model with monthly dues ranging from $25 – $45. Members have access to a network of partner clinics that they can visit with an additional $99 fixed copay that includes the office visit, lab tests, and additional procedures at no extra charge. Mira’s offers 125 clinics, 1600 labs, and 60,000 pharmacies in its provider network. AlleyWatch caught up with CEO and Founder Khang T. Vuong to discuss how his personal experience with the American healthcare system as an immigrant inspired him to launch Mira, the company’s geographic expansion plans to new markets, and the recent round of funding
Saving for retirement is a flawed process and Americans age 51-61 reportedly only have a median balance of 21K in their retirement accounts. Retirable is the digital platform that builds a free retirement roadmap to help people retire in comfort. Since launching in October 2019, Retirable has helped 65,000+ pre-retirees and created 8,000 financial plans during its beta. While basic assessments are free, Retirable offers a premium service at $99 a year that helps people increase their monthly retirement income, working directly with Certified Financial Planners. AlleyWatch caught up with CEO and Cofounder Tyler End to learn more about Retirable’s service and recent funding round from investors that include Diagram Ventures, Primetime Partners, and Portag3 Ventures.