Americans spend over $80B on the lottery, but 40% of people can’t come up with $400 in case of an emergency. Adam Moelis and Yotta Savings are using behavioral psychology to address the savings crisis. The app is a savings app with a gamification component. For every $25 saved, users are entered into a weekly lottery for prizes that range from 10 cents to $10M. Adam shares more about the Prize-linked savings app, the company’s future plans, and the impact COVID has had on savings.
Distributed ledger trading and new crypto finance products are swiftly being adopted by financial institutions across the globe. Curv unlocks this market for participants and accelerates institutional adoption of its security infrastructure. The company’s unique multi-party computation (MPC) technology eliminates the need for private keys on obsolete hardware and is completely cloud-based. CEO and Cofounder Itay Malinger shares more on the partnerships that traction the company has built, the security benefits of the technology, fundraising during the pandemic, and the company’s latest round of funding, which brings the total funding raised to $29.5M since 2018.
“Data is the new oil” and MayStreet provides that oil to the financial services industry, ranging from traders to regulators. The company’s robust real-time data infrastructure platform provides a full view of the book on equities, bonds, and derivatives, time-stamped to the nanosecond level. CEO and Cofounder Patrick Flannery walks us through how the inspiration for the business came to him and his cofounder while working as engineers in the hedge fund world, how the company landed the SEC as a client, and the company’s recent funding round led by Credit Suisse Asset Management’s NEXT Investors.
Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. COO Jim Miller walks us through how traders have been able to leverage the platform to avoid any disruptions to their workflows during the pandemic and the company’s latest funding round from top-tier financial institutions like Barclay’s, JP Morgan, and UBS.
Blockdaemon is the leading blockchain node infrastructure platform that helps organizations create scalable enterprise blockchain solutions with node deployment in just three clicks. CEO and Founder Konstantin Richter shares more about the company’s vision to make blockchain accessible for developers and enterprises, the company’s future product roadmap, and latest funding round from investors that include Lerer Hippeau, Blockchain.com Ventures, SPiCE VC, and others.
It has been said that trust is the real flaw of the banking system. Inevitably counterparties must outsource their trust in each other to the bank as an intermediary, and with recent headlines, we can see that consumer confidence in banks is weakening.
In 2016, Cedar CEO and Founder Florian Otto had a terrible billing experience when his then-fiancé, now wife, fainted and had to go to the emergency room. The couple found themselves dealing with a billing nightmare in the months that followed including indecipherable stacks of paper bills, statements sent to the wrong address, and even a call from a debt collector. This led Florian to found Cedar, the patient payment engagement platform to simplify medical bills and the experience for both providers and patients. He shares some insights with us on the state of medical billing, the efficacy of the platform, and the company’s recent funding round from investors that include Andreessen Horowitz, Thrive Capital, and Founders Fund.
Sales leasebacks have been popular institutionally with REITs and for commercial real estate but EasyKnock makes it accessible for residential homeowners. While we face uncertainty about the future health of the economy, homeowners will need flexibility and may need to tap into the equity they’ve built in their homes. CEO and Cofounder Jarred Kessler shares some insight about how EasyKnock can help homeowners access this equity and stay in their homes, the future of the housing market, and the company’s latest funding round from investors that include Blumberg Capital, QED, Correlation Ventures, FJ Labs, and Moderne.
Blockchain makes banking and financial services more accessible. Anyone with a mobile phone can create a secure account. With recent data from the World Bank revealing 1.7 billion adults globally have no access to a bank account – but two-thirds of them own a mobile phone, blockchain can fill this void.
With more than 60 million freelancers in the US and the belief that an increasing number of businesses will rely on freelance workers in the post-pandemic era, shares of Upwork rose a staggering 49.3% in May. Lili is the banking and financial services app that helps freelancers better manage their work and personal finances. work and personal accounts in one centralized platform, AlleyWatch caught up with serial entrepreneur Lilac Bar David to learn more about how Lili is playing a role in shaping the future of work, the company’s recent funding round, and how the app saves freelancers up to 60 hours and $1.7K per annum.
While working in finance, Accern CEO and Cofounder Kumesh Aroomoogan recognized that as his firm’s data grew, the firm had to hire more and more people; scaling with people versus technology. He saw that he could automate much of this data processing through AI, enabling the team to focus on the higher-value tasks. The product to do this is Accern, a workflow automation solution powered by AI and NLP. The company just closed its Series A round and has now raised a total of $15M in funding.