Meyer Ventures is a merchant bank focused on strategic growth investments & the management of a ''FAMILY OFFICE'' portfolio

Meyer Ventures

Hard Yaka makes early round investments in exchange space startups. Candidates are either verticals in particular categories of exchange markets or horizontals providing services (i.e. messaging or payments) across exchange sectors.

Hard Yaka

RPM Ventures, an early-stage venture capital firm with $750 million under management, has history of disrupting multi-billion-dollar markets within sectors where they are recognized as an industry thought leader. These sectors include FinTech, InsurTech, Real Estate Tech and they have a specific specialty in Mobility and Transportation.

RPM Ventures

Inspiration focuses on technology based companies that need proof of concept capital. In addition to funding, Inspiration offers an entrepreneur to entrepreneur approach that provides operational guidance for young companies.

Inspiration Ventures

First Ascent Ventures was founded in 2015 and invests in emerging Canadian technology companies that are building the next generation of disruptive, enterprise B2B software that leverages the cloud, big data, analytics, mobility, AI and machine learning. First Ascent Ventures is looking for outstanding, committed entrepreneurs and management teams who seek not just financial backing, but the experience and expertise of successful financial and operating executives who can create a catalyst for growth and ultimately a successful exit for all stake holders.

First Ascent Ventures

Venture Capital Fund of Larnabel Enterprises, a company founded by Said Gutseriev to invest in the information technology sector.

Larnabel Ventures

Evolution VC Partners invest and partner with disruptive companies with a strong team, product, and market opportunity.  They help entrepreneurs build great companies and consider themselves to be investment accelerators and will seek to be active creators of value for their portfolio companies.

Evolution VC Partners

Draper Frontier is a venture capital firm that finances early-stage media and technology companies.  Frontier backs passionate entrepreneurs and provides a breadth of business assistance, including strategy, corporate management, hiring, customer acquisition, and fund raising.

Frontier Venture Capital

Intercept Ventures is a venture capital firm that focuses its investments in cloud, data, fintech, mobility, and security sectors in the US.

Intercept Ventures

Sand Hill Angels is a group of Silicon Valley angel investors passionate about helping entrepreneurs get to the next level. What makes the group unique is the collective experience of its members building and scaling deep technology companies. The group has been around for more than two decades. Sand Hill Angels works openly and collaboratively with venture capital funds, other angel organizations, and the Bay Area ecosystem that fosters the growth of technology startups.  For additional information, visit www.sandhillangels.com or follow @SandHillAngels.com on Twitter.

Sand Hill Angels

Founded in 2018, Fin Capital is a global asset manager focused on full lifecycle investing in B2B Fintech Software companies. Fin Capital is passionate about rolling up its sleeves and partnering with repeat entrepreneurs that have deep financial services experience, differentiated products, and a global mindset. Fin is headquartered in San Francisco, with offices in Los Angeles, London, Miami, and New York. To learn more, visit www.fin.capital.

Fin Capital

Empede Capital is a Venture Capital investor with a clear focus on innovation & industry disruption

Empede Capital

Carrick Capital Partners is a private equity firm that focuses its investments on software, SaaS, and tech-enabled companies. Carrick provides capital along with a combination of operational and investment expertise that is specifically tailored to help each of our entrepreneurs and their companies succeed.

Carrick Capital Partners

Red Hook Capital today is a result of several generations of investors.  Today our hybrid fund of funds is active in more than 35 deals.  Investment within the last two years include Rising Tide VC, PROOF VC, Social Leverage, and other co-investment with funds (Accern, Kin Insurance, Mythical Games, ICON, Guild Education, BrightInsight, Equipment Share, Two Six Technologies, Carbon Health, Varo, Ovetime, and other confidential deals)

Red Hook Capital

Second Alpha Partners is a New York based private equity firm that makes secondary investments in private companies, purchasing shares from existing shareholders – founders, executives, angels, VCs or corporate investors. The firm buys shares and convertible securities on a secondary basis and also invests capital directly in private companies. The firm focuses its investments towards US and Canada based companies within telecommunications, media and technology sectors.

Second Alpha Partners

DailyPay

DailyPay operates a financial system platform that helps employers activate their workforce and build relationships with their employees. It offers a digital wallet solution including an on-demand pay solution that allows employees to have their money sent directly to any bank account, debit card, and prepaid card, and use it to pay bills, build savings, invest money, and buy goods and services. It also allows employees access to manage wages across a wide range of industries, including cleaning, healthcare, retail, and transportation.

DailyPay provides a platform for employers to offer earned-wage access to its staff through the company’s “PayEx” platform. The platform includes features that allow employees to automate their savings, while employers can issue spot rewards to staff.

Helping employers provide personalized, high-touch, and holistic financial wellness tools to their entire workforce.

Financial Wellness Tools

DailyPay Unveils Financial Wellness Tool for Credit Monitoring

Santander

To offer on-demand pay solution for Commercial Banking clients in the USA allowing instant access to earned wages, streamlining banking experience and supporting workforce management.

Provides a platform for employers to offer its employees an alternative to payday loans. Can either be early access to wages already earned or emergency access to interest-free funds which are settled through the paycheck.

DailyPay provides a platform for employers to offer earned-wage access to its staff through the company’s “PayEx” platform. The platform includes features that allow employees to automate their savings, while employers can issue spot rewards to staff.The company claims that 80% of the Fortune 200 companies that offer on-demand pay use DailyPay’s platform. Notable clients include McDonald’s, T-Mobile, Berkshire Hathaway, and Kroger. During 2020, the company recorded revenue growth of 141%.The platform operates a freemium and fee-based pricing model, with some fees charged for instant transfers, foreign transactions and others.Key customers and partnershipIn March 2024, DailyPay <a href="https://sp-edge.com/updates/27367">partnered with Visa+</a> to enhance platform interoperability through direct deposits into Visa+ linked accounts and integration with other digital payment apps. In May 2023, DailyPay <a href="https://sp-edge.com/updates/18678">partnered with UBS Arena </a>through Oak View Group, a venue development, advisory, and investment company, to broaden its product reach by becoming the official “On-Demand Pay Partner” to UBS Arena and New York islanders.

Based in the UK, Salary Finance offers a comprehensive suite of financial well-being benefits for employees. The company partners with employers to offer a platform that provides employees with access to a range of financial well-being products, including salary-backed loans, earned wage advances, savings accounts, and customized educational resources to help them build and automate savings as well as improve their overall financial well-being.In April 2024, the US operations of Salary Finance merged with the financial wellness benefit platform <a href="https://sp-edge.com/companies/609722">Finfit</a>. The combined entity now operates under the FinFit brand in the US.Key customers and partnershipsAs of February 2024, the platform was used by 600 employers across the UK, available to more than 4.5 million employees. These include more than a fifth of the companies in the FTSE-100 index. Its notable customers include the NHS, Dunelm, Virgin Active, and Simply Health.Salary Finance partnered with the American financial technology company Chime in July 2021, to launch Save—a new product to incentivize US employees to set up a salary-linked savings account with Chime, and become entitled to a USD 50 bonus and a variable Annual Percentage Yield (APY) of 0.50%.

Salary Finance

Payactiv offers a financial wellness solution, centered around "Earned-Wage Access," allowing employees to access their wages before payday. Employees can instantly access funds for hours worked, with options to transfer to their bank, load onto a Payactiv card, or withdraw cash at Walmart. Its app works as a digital wallet and includes additional features such as AI and machine-learning-based tools for budgeting, tracking savings, managing spending and bills, and obtaining personalized one-on-one financial coaching from trained professionals.The Payactiv app also features a free communication tool—Payactiv Connect—that enables employers and employees to connect for HR communications, company news, alerts, and shift scheduling.Key customers and partnershipsAs of November 2023, PayActiv’s platform was used by employees at over 4,000 businesses from industries such as retail and food services across the US, with some customers in Canada, Australia, the Philippines, and Brazil. Its clients include Walmart, Wayfair, Ibex Global and several others. It also entered into a partnership with US Bank in February 2022, where users of prepaid US Bank Focus Cards for payroll will be able to access their wages early.The company also has working partnerships with payment processors such as <a href="https://sp-edge.com/companies/23004">Fiserv</a> and <a href="https://sp-edge.com/companies/13061">Visa</a> to enable real-time transfer of earned wages to bank accounts of employees.

PayActiv

Based In the UK, Wagestream provides a financial wellness platform, offering a range of services including earned wage access, financial education, tools for savings, and pay and spend tracking. Wagestream’s tools are offered to employees through a mobile app, with an analytics platform for employers to monitor participation and financial resilience of staff.Employees can access their earned wages using the app by paying a flat fee of GBP 1.95 (USD 2.50) per withdrawal. The company’s platform has integrations with several payroll and timekeeping systems, enabling organizations to deploy Wagestream into their payroll process.Wagestream acquired 1) Australian earned-wage access startup Earnd in March 2021 to enter into the Australian market. 2) a credit card startup Keebos, in October 2023, to integrate Keebos credit score building platform (that uses open banking data) with Wagestream’s core offerings.Key customers and partnershipsAs of February 2024, Wagestream had a global user base of more than 3 million, which included more than 1,000 corporate customers in industries such as the retail, hospitality, and healthcare sectors. The company has offices in the US, UK, Spain, and Australia and some notable employers include Burger King, Pizza Hut, Crate &amp; Barrel, Bupa, University of Chicago, Popeyes, and National Health Service UK.The company also partnered with French Insuretch provider Wakam in August 2023, to introduce income protection coverage to its users.

Wagestream

Cleo offers tools for budgeting, and provides personalized spending and savings advice by connecting to a user's bank account and applying machine learning algorithms to analyze spending habits and transaction history. The app also provides access to an interactive chatbot which users can query to obtain on-demand suggestions (which has been supported by an in-house large language model since 2023).&nbsp;The platform also offers additional features such as a secured card to build credit score, direct debits, and salary advances.Cleo operates a subscription-based pricing on its budgeting and savings tools, with fee-based pricing on its cash advance offerings targeted at gig workers and workers with poor credit. The platform charges monthly subscription fees in the range of USD 1.99 - 5.99 on Cleo Plus offering and charges USD 10.99-14.99 on Cleo build offering.Cleo’s target market is the Gen-Z segment of the population and as of October 2023, the company had 7 million users, (up from 4 million in December 2020) and had USD 72.3 million annual recurring revenue (which was up 2.4x YoY)

Cleo

FinFit offers a financial wellness benefit platform for employers that uses predictive AI, and includes tools for employees to budget, track spending, set savings goals and obtain personalized financial assessments. The platform also provides access to certified financial counselors to obtain one-on-one financial advice. In addition to financial coaching, the company also offers services such as tools to manage student loan debt, get early access to earned wages, and obtain low-cost short-term loans backed by the employee’s salary. In April 2023, FinFit merged with the US operations of UK-based financial wellness platform <a href="https://sp-edge.com/companies/342361">Salary Finance</a>. The two companies aim to launch a combined platform in the US under the Finfit brand.FinFit operates a subscription-based pricing model, and charges employers in the range of USD 0.30–1.00 per employee per month based on the size of the organizations and number of employees. The platform also generates revenue through interest income by charging users interest in the range of 7.9%–24.9% APR on its loans. It charges fixed interest on its lines of credit.As of March 2024, FinFit was reported to be serving more than 500,000 employees (up from 150,000 in 2020).FinFit’s last funding round was in July 2019, where it raised USD 7 million in Series B funding led by Galaxy Investment Partners. The company expected to channel the funding towards accelerating growth.

FinFit

Offers interactive platforms or apps for employers to provide personalized financial advice to its employees. These also include tools for budgeting, tracking earnings, and managing expenses.

Provides a platform for employers to provide resources such as tools and advice to manage employee debt (with an increased focus on student loan debt).

Consumers can use these applications to obtain personalized financial advice, automate savings, create budgets, and track and manage their spending.

Operates a B2B SaaS model to support employers with offering various fringe benefits to employees

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 
 The earned-wage access platform, DailyPay, has introduced a new financial wellness tool named Credit Health. This tool is available for free and integrated into the DailyPay application.
 This tool, Credit Health, provides crucial financial insights to the users. These insights include credit bureau score and history, complete credit report, credit monitoring and alerts, and factors affecting the score. By having access to this information, users can keep a check on their credit status and instantly identify any potential problems that might arise.
 According to DailyPay, the Credit Health tool will assist users in building their credit score. A good credit score plays a vital role in having broader financial opportunities. These opportunities may include better choices for apartment leases, more favorable car loans, and lower borrowing costs.
 
</div> Analyst QuickTake: 
 The recent launch joins a series of product enhancements announced by DailyPay in recent times. These new offerings, along with last week’s announcement of the <a href="https: 
//sp-edge.com/updates/33471"> rebranding of its Visa prepaid </a> card, are in line with the intended purpose of the <a href="https: 
//sp-edge.com/updates/25685"> USD 176 million </a> debt and equity funding earlier this year.

DailyPay

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