Fintech start-ups showcased at Y Combinator Demo Day
Companies looking to innovate in fintech were among the 84 start-ups pitching at Y Combinator’s S19 Demo Day, reports Jane Connolly.
TechCrunch reports that a variety of finance-focused firms made their case to investors at the seed accelerator’s showcase day in San Francisco.
These included Gaiascope, which uses a quant fund to enable electricity trading at more predictable prices.
Sable is a mobile bank for people new to the US who need to get set up with checking accounts and credit cards quickly. The start-up attracted 135 customers and $200,000 within five days of launch. Sable aims to ultimately launch more banking products such as mortgages and student loans.
Three other fintechs are also targeting students – ScholarMe has launched a single-form app for college financing, while the GradJoy platform helps recent graduates to better strategise their student loans. Blair finances college education through income-share agreements.
Marble Technologies provides cashier-free, iPad-based checkout kiosks for restaurants, UpEquity enables homebuyers to put down all-cash offers and Soleris is building machine learning software for insurance pricing.
Customers in India can engage in group shopping and buying via WhatsApp and Facebook with Mela, while Valiu provides international money transfers for the Latin American market.
Another Indian start-up, GreenTiger, enables users to trade US stocks from India for zero commission.
Start-up employees can access wealth management assistance from Compound. Designed to help the 60% of homeowners who overpay on property taxes, taxProper is creating software to help their customers appeal.
Gig workers in Brazil can apply for specifically designed loans from Zippi, which plans to build an end-to-end neobank for the demographic in Latin America.
Commercial real estate analytics programme Obie, Latin American consumer debt consolidation firm Tranqui Finanzas and cryptocurrency fraud tracer TRM Labs also pitched.