Thread by @amitTwitr

I was looking specifically for the #FinTech cos that presented at @ycombinator Demo Day event for its Summer 2020 class. Didn’t find anything summarized well in one place so sharing what I got for day 1 with founder handles, etc. if you need to reach out to them
...a <THREAD>

Some v interesting startups in FinTech - many neobank propositions, API/data cos and B2B saas cos. Very global and some v experienced product teams.

Y Combinator is the most successful startup accelerator in the world for many reasons. Let’s see the co profiles one by one ...

1) S20 YC FinTech: BukuWarung 🇮🇩@BukuWarung is a micro-accounting app for merchants in Indonesia. (I know them thru one of their angels). It enables mom &pop stores to bring payments/credit to their biz. current 350k monthly active merchants. Founders @chinmaychauhan @abh1nay

2) S20 YC FinTech: @corecareio problem stmt- data travels bw hundreds of insurance cos, healthc providers & govt entities can lead to errors costing $Bs per year, can delay treatment. CoreCare synchronizes patient data bw them solving d probs. Founders @Antonelos1 @MehrdadShafaie

3) S20 YC FinTech: @DecentroTech is building a Fin Infra APIs co 🇮🇳. Co provides an API for banking integrations, like Plaid. around $1 M in GTV, & around $7k in MRR. Still, with 4 custm & 45 more in pipeline. Founder @sunnyboyrohit

(Chk Invisible FinTech podcast in dis space)

4) S20 YC FinTech: @charityvest offers donor-advised funds to folks in the middle classes, as an employee benefit. $65k in ARR ($5,400 in MRR)

Founders @af3 @jondkoon @stephenkump

5) S20 YC FinTech: Heron Data is a B2B company meant to help fintech services categorize/label bank transaction data using methods they promise are more accurate and cheaper than existing solutions. Company website herondata.io

6) S20 YC FinTech: VoloPay @volopay issues corporate credit cards 💳 SE Asia. to bring approvals, bill payments, expenses, & accounting automation. It streamlines payments through a corporate CC, and in 3 months users have spent $90,000. Founder @itzrajith

7) @Lendtable is quite unique in tht provides cash advance loans to cover the cost of financial employee benefits and takes payments in the form of a single profit-share payment down the line. Can help Millions of employees tke adv of this. Founder @SheridanClayb @WhosMitchJones7

8) S20 YC FinTech: Thndr @thndrapp is building investments app for Middle East, helping users invest in stock, bonds and funds commission-free via the company’s free app.
Thndr is aiming to replicate Robinhood success with investors in ME

9) S20 YC FinTech: Blissway wants to make the process of paying tolls 🇺🇸 better. In its view, the current setup of toll-paying is 90% hw &10% sw. It wants to flip that with a solution they say can be deployed on “any highway around the world in months”, blissway.com

10) S20 YC FinTech: Perch is pitching itself as “Credit Karma for the underbanked”, Perch helps users build their credit score by turning recurring payments (like rent) into credit payments. The team says they currently have 22k users on waitlist. Web getperch.app

11) S20 YC FinTech:
Conta Simples @contasimplesbr is a digital bank account for startups based in Brazil 🇧🇷 . The startup helps other online businesses get corporate cards fast without big fees. $50k in revenue last mont. founding team hails from various payments and fintech biz

12) S20 YC FinTech: Plunzo helps SMBs in Latin America bring all of their bank accounts into a single UI. The company’s founders say that after launching in early August, they’re already working with over 3,000 retail accounts. Founder @nicodonof
Company plunzo.com

There are more cos from Day 1 that I will list here soon with some data and Tw handles / websites based on what is available from public sources/articles.

And then I will also cover all the day 2 FinTech cos from S20 YC as well.
You’re welcome 😇

13) S20 YC FinTech: Evergreen is a digital solution for employees to request purchases & track approvals. The B2B business is built for companies with non-centralized purchases and the need to manage a slurry of different tools. Website tryevergreen.com

14) Atomic provides a fintech API allowing other platforms/cos to integrate investment accounts into their product, easily. So far $300M in AUM providing the startup with $1.5M inARR. After checking accounts pop culture in FinTech, perhaps invest acc next atomicinvest.co

15) S20 YC FinTech: Blue Onion Labs helps cos make sense of financial transaction data that lives across multiple systems. Their suite of API integrations r aiming to solve pain for accounting teams, serving as a “single source of truth” @lyndseybunting blueonionlabs.com

16) S20 YC Day2 FinTech:
@notabene_id helps perform crypto transactions in a regulatory compliant way. market developments are driving crypto adoption. In 3 weeks, it landed 10 signed customers. @pelleb @ajunge_m @LipinskaAnna @na_alice

17. S20 YC Day 2 FinTech: CapWay @gocapway is a mobile bank for the “financially underserved” in the US. Brings modern banking services to remote regions. + Fin literacy content. makes money on the processing fee during debit card trnx. Founder @whoisSheena

18. S20 YC Day 2 FinTech: @afriexapp uses USD-pegged #stablecoins to help users to send money to other countries. Its a hot area right now; currently processing $500K/month and could grow big @topealabi_ @easyjohn2

19. S20 YC Day 2 FinTech: Safepay @safepayhq wants to build a Stripe for Pakistan, a time-tested model in many countries #PGbusiness. crafting a digital payments API in the country where the founders say there are no other major players in this space. @ziyadparekh

S20 YC Day 2 FinTech: Mozper @mozper_mx is like a neobank designed for families (kids & parents) in LATAM. Core product is a debit card, which it charges a fee for, and an app. The startup has already raised $1.5M. Founders @Yaelfintech @groizner #financialeducation

21. S20YC D2 FinTech: @yottasavings accumulated over $30M in deposits since launch. it encourages savers to deposit money into their accounts by giving them the ability to win prizes. @adammoelis

(Neobanks tht have worked with MEDICI know abt PLSA acc; DM me to know more)

22. S20 YC Day 2 FinTech: @finmarkco is financial planning sw for startups to manage runway & cash. Manage a business off an excel sheet is painful, but for startups proper oversight can mean the diff between thriving and dying. 300 cos signed up already @ramiessaid @greglissy

23. S20 YC Day 2 FinTech: Cradle is building a platform for SMBs in India. Cradle says SMEs often resort to cash coz overhead etc. from online payment systems cuts into profits. No interchange fees; benefits of online pymts. growing but crowded market. chk cradlefinance.com

24. S20 YC Day 2 FinTech: Dapi is aimed at facilitating pymts between consumer bank acc and companies. It has demand for its service, with $400K in ARR; 50%+ MOM growth. #fintechAPIs @heshamghandour
#FinInfraAPI (also chk our podcast in this space "Invisible FinTech" by MEDICI)

25. S20 YC Day 2 FinTech: Finch is an API to help developers tap into payroll systems (like ADP, Gusto, Rippling) “with 3 lines of code”, enabling them to do things like verify income, set things up for direct deposits, pull paystubs, confirm employment. @jerzzhang tryfinch(.com)

26. S20 YC Day 2 FinTech: Spenmo is framing itself as Bill.com for SMBs in SE Asia, it helps companies manage payments. Team hails from Grab, Xendit, and Uangteman. Launched 5 months ago, it has 150 customers; processed $500K in trnx in July

27. S20 YC Day 2 FinTech: Parrot is building Toast for Latin America, creating a suite of back office tools for restaurants. The software handles all of the expected tasks, including customer payments, ordering, seating, and data visualization. Website parrotsoftware.io

28. S20 YC Day 2 FinTech: Letter is a different bank build for the rich, ideated by a rich guy who didn’t like existing banks. Aimed at ppl w/ $1-10M in assets, features for the wealthy "replacing the pedestrian tools and designs of ordinary banks/CUs" :) letter.co

29. S20YC Day2 FinTech: Maytana pitches itself as the financial payment center for startups, making it easier for MNCs to move money using open banking APIs. There’s $10 T being transferred around the world, Maytana targeting tht spending maytana.com

30. S20YC Day2 FinTech: @getabit helps people build credit score with a digital CC. In 9 months, it attracted 10K paying customers; collected $1.9M in rev, & customers have seen cred scores increase. large oppty getbits.app