Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Fintech Startups of NYC 2015

6,838 views

Published on

A guide to the local fintech startups, the VCs, the funding, the revenue and more. This is Volume 2 and shows year over year changes from 2014's slideshare.

Published in: Technology

Fintech Startups of NYC 2015

  1. 1. Fintech Startups of NYC Volume 2 September 2015 A guide to the founders, investors, monetization & funding Jesse Podell, Co-Founder TechDay, Startupbootcamp Fintech NYC jessepod With Deb Bharda, Columbia Business School Class of 2016 debbhad
  2. 2. It started with a question on Quora Financial Technology: What are the notable fintech startups based in NYC? FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  3. 3. NYC Based Fintech Startups Volume 2 • To see last year’s slideshare: http://bit.ly/NYCFTS2014 -almost 5k views since August 31, 2014!  • Not meant to be a comprehensive resource- just a guide of the notable NYC fintech startups • Public data used from CrunchBase, AngelList, Finnovate, CB Insights, FT Partners, LinkedIn & individual company websites • There may be inaccuracies in this presentation regarding revenue and product pricing of the startups • Companies are listed in random order • A good blog to read about the journey of fintech startups: https://medium.com/fintech-fantastic/the-real-truth-about-fintech- startups-41c8e168554e FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  4. 4. 2015 Observations • NYC has become the leading home for institutional facing blockchain startups as well as alt-credit analytics • Still a diversity problem with NYC fintech startups, < 10 of the startups in this guide have a female founder • No notable NYC fintech startup deaths in LTM, nor have there been any down rounds in the news • $18bln in global fintech investment this year vs. $3bln last year. NYC saw $768 in fintech investment in 2014 a 32% y/o advance • There is still no $1Bln valuation fintech startup in NYC • OnDeck (ONDK) was the most valuable company in last year’s deck- down 50% from IPO price, current market cap ~$640mln • For some more thoughts- www.jessepodell.com/NYCFTS2015 FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  5. 5. Marketplace What They Do: Connects people who own stock in a private company with investors who want a stake in post-seed stage, pre-IPO startups via their fund. Charges administrative fees and has a 10% carry. Year Founded: 2013 How Much They’ve Raised: $150,000 Founders: Atish Davda, Shriram Bhashyam, Phil Haslett Investors: 500 Startups, John Ason FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  6. 6. Lending What They Do: Collects money from individual investors, including alumni of graduate programs who want to support other students, and channels it into student loans. Charges origination fee + fixed loan rate. Year Founded: 2011 How Much They’ve Raised: $103,50,0000 Founders: David Klein Michael Taormina, Jessup Shean Investors: Tribeca Venture Partners, Vikram Pandit FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  7. 7. Investment Management What They Do: Automated online investing for retail customers in diversified ETF portfolios using modern portfolio theory. Charges management fee of .15-.35% depending on balance. Year Founded: 2008 How Much They’ve Raised: $45,000,000 Founder: Jon Stein Investors: Menlo Ventures, Bessemer Venture Partners, Anthemis Group, Globespan Capital Partners FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  8. 8. Lending What They Do: Online small business loan provider with CEO who came from Spark Capital and CTO who ran engineering at Venmo. Charges flat 3% origination fee. Year Founded: 2013 How Much They’ve Raised: $1,500,000 Founders: Jon Haber Peyton Sherwood Investors: Homebrew, Founders Collective, Matt Coffin, Collaborative Fund FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  9. 9. Education What They Do: Y Combinator-incubated startup that provides tools to help retail consumers answer tough financial questions. They make money on advertising and lead generation. Year Founded: 2012 How Much They’ve Raised: $7,600,000 Founders: Michael Carvin, Philip Camilleri Investors: SV Angel, Javelin Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  10. 10. Marketplace What They Do: The world’s biggest broker of venture backed private companies. Facilitates company controlled private buy backs and third party tender offers charging percentage of each transaction. Plus, they run The Bitcoin Investment Trust. Year Founded: 2006 How Much They’ve Raised: $32,400,000 Founders: Barry Silbert Investors: The Social+Capital Partnership, FirstMark Capital FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  11. 11. Marketplace What They Do: Equity-based online crowdfunding platform for startups and small businesses. Charges 7.5% placement fee and up to $5,000 in dilligence, escrow, marketing, etc. Year Founded: 2012 How Much They’ve Raised: $5,300,000 Founders: James Han, Ryan Feit Investors: Archangel, Scout Ventures, Great Oaks FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  12. 12. Investment Management What They Do: Crowdsourced estimates for EPS and other datasets from over 4,500 hedge fund, brokerage and independent analysts. Makes money on selling its data to hedge funds and other investors. Year Founded: 2011 How Much They’ve Raised: $2,600,000 Founder: Leigh Drogen Investors: Contour Partners, Longworth Venture, Valuestream Labs FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  13. 13. Financial Security What They Do: Helps its users to identify fraudulent charges on their credit and debit cards, and also to keep track of their spending on the web and on its iPhone app. Licenses platform for banks and has monetizable financial data on transactions. Year Founded: 2010 How Much They’ve Raised: $13,000,000 Founder: Yaron Samid Investors: IA Ventures, Bessemer Venture Partners, Khosla Ventures, Founders Fund, Social Leverage FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  14. 14. Marketplace What They Do: Axial operates the world's most active online network for professionals who operate, advise, finance, and acquire private companies. Charges a monthly fee of up to $4,250 for access to the network. Year Founded: 2012 How Much They’ve Raised: $8,500,000 Founder: Peter Lehrman Investors: First Round, Lerer Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  15. 15. Marketplace What They Do: The leading user generated content site for financial information on global alternative investments (private equity, venture capital, real assets and hedge funds). Charges up to $1,000 a month for access to the network. Year Founded: 2012 How Much They’ve Raised: $3,200,000 Founder: Alex Bangash Investors: RRE Ventures, 500 Startups FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  16. 16. Investment Management What They Do: Equametrics has rebranded itself as RIZM, its product that allows traders to create their own algorithms without needing to know how to code. Charges monthly subscription ($100-$250) for back-testing or to execute live strategies. Year Founded: 2011 How Much They’ve Raised: $5,100,000 Founder: Christopher Ivey, Adam Demos Notable Advisor: Joshua B. Siegel, Rubicon VC FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  17. 17. Education What They Do: Learnvest’s mission is to empower women everywhere to take control of their personal finances. They make money by providing customized financial planning programs for up to $400 to set up and $19 a month. Year Founded: 2007 How Much They’ve Raised: $69,000,000 Founder: Alexa von Tobel Investors: Accel Partners, PKS Capital FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  18. 18. Investment Management What They Do: OpenFin provides runtime technologies for financial desktops. They help financial firms update their technology and have less reliance on Bloomberg terminals. Sells directly to banks. Year Founded: 2010 How Much They’ve Raised: $6,600,000 Founder: Maz Dar, Chuck Doerr Notable Investor: Bain Capital Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  19. 19. Lending What They Do: OnDeck is an online lending platform for small businesses that has provided over $1Bln in loans- charges 2.5% origination fee. According to WSJ, they’re filing for an IPO for later this year. Year Founded: 2007 How Much They’ve Raised: $409,000,000 Founder: Mitch Jacobs Investors include: Google Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  20. 20. Mobile Payments What They Do: Handles B2B payments and high value payments from consumers to businesses using existing checking infrastructure. Makes fees on transactions. Year Founded: 2010 How Much They’ve Raised: $3,500,000 Founder: Jake Howerton, Jay Bhattacharya Investors: High Peaks Venture Partners, Contour Ventures, Village Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  21. 21. Crypto Currencies What They Do: A low latency “liquidity platform” bitcoin exchange for active traders. Charges up to .25% trading fee. Year Founded: 2012 How Much They’ve Raised: $1,800,000 Founders: Janus Lukasiewicz, Yo Sub Kwon Investors: Tribeca Venture Partners, Archangel FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  22. 22. Investment Management What They Do: They offer a platform for analysts to share financial models. They make money by offering different levels of subscription up to $200 a month. Year Founded: 2013 How Much They’ve Raised: $1,000,000 Founders: Justin Zhen, Gregory Ugwi Investors: 500 Startups, HKB CapitalFINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  23. 23. Education What They Do: PayPerks drives behavior change using its web and mobile platform for low– and middle–income consumers using pre-paid cards. Year Founded: 2009 How Much They’ve Raised: Undisclosed Founders: Jake Peters, Arlyn Davich Notable Investor: Anthemis Group FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  24. 24. Marketplace What They Do: ACE Portal allows broker dealers to list and manage private placement offerings and connect with investors. Charges placement agents, investors, for membership access to the platform. Year Founded: 2010 How Much They’ve Raised: Undisclosed Founder: Brendan Cahill, Peter Williams Major Investor: NYSE Euronext FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  25. 25. Marketplace What They Do: One of the original platforms for entrepreneurs to collaborate with investors to fund new ventures by one of the most notable angel investors. Does not charge fees to startups or investors- licenses the platform to angel groups, VC’s, etc. Year Founded: 2004 How Much They’ve Raised: Unknown Founder: David Rose Major Investor: David Rose (Rose Tech Ventures) FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  26. 26. Banking What They Do: The first bank to not have plastic cards for its customers instead relying on NFC (Near Field Communication) capability of phone as a payment device. Provides instant feedback on payments and spending. Does not charge a monthly fee to users. Year Founded: 2011 How Much They’ve Raised: $12,400,000 Founders: Alex Sion, Brett King Investors: Anthemis Group, Raptor Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  27. 27. Investment Management What They Do: “Next Generation Vanguard” online portfolio management offering “simple hedged solutions for every kind of investor”. Charges annual fees of up to .75% of balance. Year Founded: 2010 How Much They’ve Raised: $100,000 Founders: Mike Kane, Matthew Kane Notable Accelerator: SixThirty – FinTech Accelerator FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  28. 28. Education What They Do: Equity crowdfunding research and education for retail investors. Will make money on subscription products. Year Founded: 2013 How Much They’ve Raised: $1,000,000 Founders: Matthew Milner, Wayne Mulligan Notable Investor: Social Leverage FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  29. 29. Investment Banking What They Do: Created software that automates tediousness of creating investment banking pitchbooks for tablet devices. Already in pilot at major banks. Year Founded: 2011 How Much They’ve Raised: $481,000 Founders: Jamie Ballingall, Adrian Crockett Investors: Undisclosed FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  30. 30. Education What They Do: Comprehensive private company database and data visualizations including VC’s & startups. Sells monthly subscriptions of up to $4,000 for predictive analytics and data access. Year Founded: 2009 How Much They’ve Raised: Unknown Founders: Jonathan Sherry, Anand Sanwai Investors: Undisclosed FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  31. 31. Mobile Payments What They Do: Built tools to enable any developer to create his or her own branded app and take in-person credit card payments from it. Charges a monthly fee per device for unlimited use of their SDK & API. Year Founded: 2013 How Much They’ve Raised: $1,600,000 Founders: Derek Webster, Tim Saunders Investors: ff Ventures, Payment Ventures, Great Oaks FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  32. 32. Crypto Currencies What They Do: Comprehensive digital currency data dashboard and analytics. Charging a fee for professional level reporting tools. Year Founded: 2013 How Much They’ve Raised: $2,800,000 Founders: Jeff Schvey, Greg Schvey Investors include: Y Combinator, FinTech Collective, Devonshire Investors, Andreesen Horowitz FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  33. 33. Marketplace What They Do: Formed by the merger of Rock The Post and Co- Founders Lab (in person networking events for tech founders) it is a platform for early stage startups to get funded & charges a success fee to startups after their fundraise. Year Founded: 2014 How Much They’ve Raised: $3,300,000 Founders: Shahab Kaviani, Tanya Prive, Alejandro Cremades Investors include: Mid-Atlantic Angel Group, Fortify Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  34. 34. Lending Analytics What They Do: Provides tools to institutional investors to scale their investments in Online Direct Lending by providing analytics, trade execution, and real time reporting. Year Founded: 2013 How Much They’ve Raised: $2,700,000 Founders: Matt Burton, Jonathan Kelfer, Angela Ceresnie Investors include: Brooklyn Bridge Ventures, Spark Partners FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  35. 35. Other notable startups include… FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  36. 36. 2015 ADDITIONS FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  37. 37. Lending What They Do: Offers up to $50,000 to small businesses for vendor financing. They make money via a monthly fee paid by the borrowers. Year Founded: 2011 How Much They’ve Raised: $129,000,000 Founders: Benjy Feinberg, Shai Feinberg, Jeremy Esekow Investors include: SenaHill Partners, Scout Ventures, Green Visor Capital, Thayer Street Partners FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  38. 38. Crowdfunding Analytics What They Do:Provider of technology and market data solutions to the global crowdfinance marketplace. They operate a centralized hub for real-time market data aggregated from disparate platforms. They make money via in-dept reports and data services. Year Founded: 2011 How Much They’ve Raised: $1,900,000 Founders: Srikanth Goteti, Luan Cox Investors include: Undisclosed FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  39. 39. Blockchain What They Do: They intend to use distributed ledgers to reduce Settlement Latency and Counterparty Risk for large financial institutions. Currently in POC and assembling their Series A. Year Founded: 2014 How Much They’ve Raised: Unknown Founders: Blythe Masters Investors include: Unknown FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  40. 40. Blockchain What They Do: Nine of the largest investment banks have partnered with a R3CEV to integrate the blockchain into financial services. Year Founded: 2015 How Much They’ve Raised: Unknown Founders: David Rutter Investors include: UnknownFINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  41. 41. Blockchain What They Do: Global bitcoin exchange offering institutional and retail investors a platform to buy and sell bitcoin. Makes money on exchange fees. Year Founded: 2012 How Much They’ve Raised: $28,300,000 Founders: Charles Cascarilla Investors include: Blockchain Capital, Liberty City Ventures. Raptor Capital Mgmt, RRE, Solon Mack Capital FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  42. 42. Blockchain What They Do: White label digital currency exchange platform. Make money via a licensing fee (minimum monthly fee) and a revenue share based on the number of trades executed on the platform. Year Founded: 2013 How Much They’ve Raised: $1,800,000 Founders: Rick "Henri" Chan, Joe Ventura Investors include: Robin Hood Ventures, Blockchain Capital FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  43. 43. Lending What They Do: Direct consumer lending platform for borrowers 600 FICO and above. Make money via origination and servicing fees Year Founded: 2012 How Much They’ve Raised: $2,900,000 Founders: Meytal Benichou, Mikael Rapaport Investors include: Corporest Development FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  44. 44. Enterprise SAAS What They Do: Mobile Application for expense management. Monthly subscription $5-$20. Year Founded: 2010 How Much They’ve Raised: $1,000,000 Founders: Jim Thomas Investors include: Unknown FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  45. 45. Blockchain What They Do: Issues total-return bitcoin swaps to institutions and also acts as a consultant to financial institutions on bitcoin. Year Founded: 2014 How Much They’ve Raised: $3,000,000 Founders: Dimitri Nemirovsky, Charles Poliacof, Bryan Reyhani, Ivan Brightly, Daniel H. Gallancy, David Lehmann, David J. Namdar, Owen Gunden Investors include: Red Sea Ventures, Liberty City Ventures, Red Swan Ventures FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  46. 46. Lending Analytics What They Do: Financial information services company that is creating tools to analyze, access, and manage risk in the peer-to-peer lending sector. Year Founded: 2014 How Much They’ve Raised: $8,500,000 Founders:Dan Long, Ram Ahluwalia, Dan Long, Robert Khedouri Investors Include: Dan Doctoroff, Vikram Pandit, John Mack FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  47. 47. Investment Management What They Do: Personal financial product for kids, subscription model is expected to be added before the end of the year. Year Founded: 2012 How Much They’ve Raised: $1,300,000 Founders: Seamus Matthews Investors include: Silicon Valley BankFINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  48. 48. Payments What They Do: Web-based communications and logistics platform that helps organizations manage their workforce and understand their operations. Built especially for organizations with distributed workforces. Year Founded: 2014 How Much They’ve Raised: $800,000 Founders: Armand Patella, Nicholas Lillios Investors include: Metamorphic VenturesFINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  49. 49. Investment Management What They Do: Multi-manager SAAS product for family offices & private wealth including accounting, analytics, and reporting solutions. Year Founded: 2012 How Much They’ve Raised: Undisclosed Founders:Howard Yen, Hugh Nguyen Investors include: SenaHill Partners, Scout Ventures, Green Visor Capital, Thayer Street Partners FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  50. 50. Litigation Funding What They Do: Online marketplace for plaintiff litigation funding. Charge a variable fee based on case outcome. Year Founded: 2014 How Much They’ve Raised: $5,300,000 Founders: Joshua Schwadron, Dylan Beynon Investors include: Daher, Fintech Collective, IA Ventures, Tribeca Venture Partners FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  51. 51. Investment Management What They Do: Pre-Launch Mobile based advisor that ties investments to "beliefs, interests and goals”. Charges .25% per year on assets. Year Founded: 2015 How Much They’ve Raised: $1,400,000 Founders: Brandon Krieg, David Ronick Investors include: Undisclosed FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  52. 52. Trading Technology What They Do: Transparent marketplace for institutional trading of US Treasuries. The platform is currently free. Year Founded: 2014 How Much They’ve Raised: $3,000,000 Founders: Kristi Neller, James Greco Investors include: Metamorphic Ventures, IA Ventures, Y Combinator, Winkelvoss Capital FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  53. 53. Marketplace What They Do: Online marketplace that connects small business owners with funding providers. Lender pays them a 1% to 3% of the total loan amount as an origination fee. Year Founded: 2013 How Much They’ve Raised: $13,900,000 Founders: Andres Moran, Rohan Deshpande, Jared Hecht Investors include: David Rosenblatt, Scott Belsky, Aaron Levie, BoxGroup, Khosla Ventures, First Round, QED Investors, Susquehanna Growth Equity, Lerer Hippeau Ventures, SV Angel FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN
  54. 54. FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN Other notable startups include… Israel/NYC
  55. 55. Thank You! • Hope you enjoyed it. Tell a friend! • Shoot me a note podell@alumni.ufl.edu • Or tweet at me @jessepod FINTECH STARUTPS OF NYC VOL.2 (2014>2015) WHAT A YEAR IT HAS BEEN Disclaimers: I did not omit any company purposefully, the information is meant to be informational only and may not be accurate and I personally nor my employer accept responsibility for errors or omissions. This is not an endorsement for any company’s market valuation or viability.

×