So @getflex_hq (BNPL for rent) is one of those fintech cos I've always been curious about but they publish almost nothing
Finally came across an AP article from a couple mos ago with real numbers - seems like they are at ~$450M-$500M run rate, quietly crushing
With this type of product, people always assumed it would skew lower credit profile + lower rent. But they actually distribute through class A institutional property managers. In their own blog, they pitch to luxury properties, arguing that class A renters prefer staying liquid. I think the average rent per user is likely much higher than most people assume
Also have expanded beyond rent and into everyday expenses (e.g., utilities, internet, and auto)
*** aware there are many things that could sway this quite a bit + limitations with what info is available (e.g., customers vs. paying subscribers, landlord partnerships w/ varying economics, credit losses, credit card economics, churn, property pass through fees, etc.)
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* Relay Capital funding is provided by Fundbox, an external third-party provider, or its bank partner, Lead Bank. All financing is subject to credit approval of a completed application. Fundbox and its bank partners base loan eligibility on their respective credit and risk policies, applicable legal requirements, and other business considerations. Financing may not be available in all states and may be subject to local restrictions where applicable. All loans are subject to credit approval and applicable terms and conditions. Borrowing involves fixed repayment obligations and applicable interest and/or fees. Approval timing based on typical experience; actual decision and funding times may vary.
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reviewing applications and can't help but think that a GPT wrote some of these responses
We're still accepting companies for the next cohort starting in August - if you are starting a fintech or fintech-adjacent company, we'd love to chat!
reviewing applications
and can't help but think that a GPT wrote some of these responses
We're still accepting companies for the next cohort starting in August - if you are starting a fintech or fintech-adjacent company, we'd love to chat!
Here is a list of all startup accelerators you can apply to right now:
@ycombinator ($500k for ~7%)
@a16z ($750k-$1M for ~7-10%)
@pioneerdotapp ($20k for 1%)
@the_mint_vc ($500k for 10%)
@angelpad ($120k for 7%)
@techstars ($220k for ~5-7%)
@500GlobalVC ($112.5k for 6%)
@EFStartups ($250k for ~9%)
@southparkcommon ($400k for 7% + $600k guaranteed follow-on)
@sequoia ($1M)
@pearvc ($250k-$2M)
@greylock (SAFE note + $500k+ in credits)
@conviction ($150k uncapped MFN SAFE)
@openai ($1M equity investment)
@StartupWiseGuys (up to €65k for equity)
@apxaccel (up to €500k, typically €50k for 5%)
@southparkcommon ($150k for 5-10%)
@seedcamp (€100k-€200k for 7-7.5%)
@antlervc (€100k for 10% + stipend / $200k-$250k for 8-9%)
@googlestartups (up to $100k)
@accel (up to $500k-$1M)
@aigrant ($250k uncapped)
@aforecapital ($100k-$500k)
@BoostVC (up to $500k for 15%)
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Here is a list of all startup accelerators you can apply to right now:
@ycombinator ($500k for ~7%)
@a16z ($750k-$1M for ~7-10%)
@pioneerdotapp ($20k for 1%)
@the_mint_vc ($500k for 10%)
@angelpad ($120k for 7%)
@techstars ($220k for ~5-7%)
@500GlobalVC ($112.5k for 6%)
@EFStartups ($250k for ~9%)
@southparkcommon ($400k for 7% + $600k guaranteed follow-on)
@sequoia ($1M)
@pearvc ($250k-$2M)
@greylock (SAFE note + $500k+ in credits)
@conviction ($150k uncapped MFN SAFE)
@openai ($1M equity investment)
@StartupWiseGuys (up to €65k for equity)
@apxaccel (up to €500k, typically €50k for 5%)
@southparkcommon ($150k for 5-10%)
@seedcamp (€100k-€200k for 7-7.5%)
@antlervc (€100k for 10% + stipend / $200k-$250k for 8-9%)
@googlestartups (up to $100k)
@accel (up to $500k-$1M)
@aigrant ($250k uncapped)
@aforecapital ($100k-$500k)
@BoostVC (up to $500k for 15%)
Are You a builder or aspiring to build, Here is a list of all startup accelerators you can apply to right now:
@ycombinator ($500k for ~7%)
@a16z ($750k-$1M for ~7-10%)
@pioneerdotapp ($20k for 1%)
@the_mint_vc ($500k for 10%)
@angelpad ($120k for 7%)
@techstars ($220k for ~5-7%)
@500GlobalVC ($112.5k for 6%)
@EFStartups ($250k for ~9%)
@southparkcommon ($400k for 7% + $600k guaranteed follow-on)
@sequoia ($1M)
@pearvc ($250k-$2M)
@greylock (SAFE note + $500k+ in credits)
@conviction ($150k uncapped MFN SAFE)
@openai ($1M equity investment)
@StartupWiseGuys (up to €65k for equity)
@apxaccel (up to €500k, typically €50k for 5%)
@southparkcommon ($150k for 5-10%)
@seedcamp (€100k-€200k for 7-7.5%)
@antlervc (€100k for 10% + stipend / $200k-$250k for 8-9%)
@googlestartups (up to $100k)
@accel (up to $500k-$1M)
@aigrant ($250k uncapped)
@aforecapital ($100k-$500k)
@BoostVC (up to $500k for 15%)
Preparing financial statements is a complex & tedious.
@InScopehq uses AI to automate it.
Firms like CohnReznick & companies like Cursor are already customers, many more top firms and companies are onboarding.
Stoked that they've got another $14.5M from Norwest & co!