Bank of America Breakthrough Lab

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

Homebase is a software company that builds tools to aid small and medium-sized enterprises to manage teams with hourly wages. Specific tools offered include scheduling, time clocking, time sheets, payroll, hiring and onboarding, team communications, benefits and HR and compliance. The company also offers integrations with third party software, including point-of-sale, business tools, job boards and payroll.As of April 2024, the company was working on integrating automated tip management features to its platform. The company generates revenue through monthly subscriptions, priced per location per user. Its plans included Essentials (USD 25), Plus (USD 60) and All-in-one (USD 100).Key customers and partnershipsAs of April 2024, the company served over 2 million employees across 100,000+ small businesses.Funding and financialsIn <a href="https://sp-edge.com/updates/28164">April 2024</a>, Homebase raised USD 60 million in a Series D round of funding led by L Catterton Growth, reportedly valuing the company between USD 500 million - 600 million. Funds were earmarked for research and development endeavors, with an aim to improve the company’s standalone team management ecosystem.

FinanceGPT Labs empowers financial professionals and investors with the power of AI-driven quantitative analysis. We provide a cloud-based platform that eliminates the need for coding expertise, making sophisticated analysis accessible to a wider audience. Our target users include: - Asset Managers: Streamline research, portfolio construction, and risk management. - Investment Analysts: Gain deeper insights from vast datasets and identify hidden opportunities. - Hedge Funds and Prop Trading Firms: Develop and backtest complex trading strategies with ease. - Individual Investors: Make data-driven investment decisions with confidence.

locol is a hyper-local marketplace that connects local merchants with local customers through the power of video. Download the app and rediscover your neighborhood.

Muse Tax is an A.I.-based tool that finds every tax deduction and credit for you and shows you ways to save on taxes. It was founded in 2022 and is located in New York City Metropolitan Area.

It Starts With Me is a platform for financial education that seeks to revolutionize the students comprehend finance through thorough, engaging programming.

RE:LINK, a Web3 startup, is introducing ''The Timbucktoo,'' the first-ever real NFT marketplace where entrepreneurs, culture-makers, and creators can combine NFTs with tangible goods to produce IRL (In Real Life) experiences.

NudgU® is an AI-powered personal finance management application. To improve users' interactions with money, this ultra-personalized ecosystem responds to different costs, goals, and budgeting approaches.

WePair provides culturally inclusive health solutions that foster trust and drive clinical change.

Rondu is a fintech product that offers a platform for savings and investments to bank/fintech account users in Latin America and Mexico.

Pardna App makes use of the social capital and trust networks within your family to unlock extremely affordable short-term borrowing and assist you in meeting your savings objectives.

Homebase is a software application that provides tools for employee scheduling, time tracking, communication, and task management. The app facilitates communication between managers and employees through messaging features, allowing for easy coordination and updates regarding shifts, tasks, and announcements. Employees can clock in and out using the app, allowing managers to track hours worked and monitor labor costs in real-time accurately.

WealthMore is the first tech-enabled, human-powered private banking service without the premium price tag.

Quinn Cobbledger makes apps that solve workforce problems caused by The Great Resignation and the COVID-19 Pandemic. Our apps use elevator pitch recordings to make hiring (and retaining) employees easier, faster, and less expensive. We're expanding talent pools and reducing bias in hiring processes.  Use our apps to get hired in 60 seconds.

Creizer is a company with the aim of supporting the MSMEs of entrepreneurs who use online platforms to sell their products or services. It is an empowered entrepreneur who sells online.

Framewrk is an automated consulting technology for small businesses. It operates like TurboTax® for entrepreneurs, providing intuitive diagnostics and clear step-by-step roadmaps and recommendations for how to build the businesses of the future.   Mobile app: https://youtu.be/87Y3vZjVJZg  Web app: https://framewrk.app

TradeIn is a Saas Fintech/Assurtech platform that allows you to evaluate in real-time the payment behavior of your B2B customers, protect yourself against non-payment, and finance your cash flow.

My Home Pathway is a Fintech startup that is developing  a new pathway  to help traditionally risk challenged US Consumers get into the home of their dreams. We also provide our lending partners with a unique opportunity to turn a bad customer experience into better brand positioning and revenue. Do you have the skills to build something from scratch and the desire to do something innovative and different? Are you a disruptor looking for the right challenge, if so join us and become a Fintech innovator that will shape how Consumers  get access to capital and lenders create new revenue streams and strengthen customer relationships.

Moneta is a financial service for merchants to use at the POS. After a customer pays with cash, It enables the cashiers to send back the spare change digitally whether the customer has a bank account or not. Moneta not only understands that decentralized currency is the future but we want to do our part by being the final frontier between the physical and digital currency. Pay cash and receive crypto as your change.

•	SpenDebt is a financial technology company designed to assist people to pay off debt or bills, leveraging micropayments (i.e. $1.00) through every day transactions.  As a customer spends, a predefined amount is automatically added to the transaction, then those micropayments are added up and submitted as a monthly payment.  SpenDebt makes debt or bill repayment automatic and creates discipline, providing on time payments that reduce consumer’s account balance over time and improves their financial health.

Bank of America Breakthrough Lab™ is an impact accelerator program that provides economic opportunity and capital access to Black, Hispanic-Latino, Native American, and other underrepresented entrepreneurs.

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