![]() ![]() What it does: Highline is a payments service through which consumers can automate bill payments directly out of their direct-deposit paychecks. "Boom & Bucket has realized strong attachment of initial financial and insurance products with a road map for further warranty, guarantee, and logistics ancillary products to continue to improve margins and core unit economics," Lerner said.įrom left: Darin Cline, Highline's COO and cofounder Geoff Brown, the CEO and cofounder and Arun Agrahri, the CTO and cofounder. While moving largely offline transactions online alone creates a significantly better user experience, Boom & Bucket has been innovative in its ability to bundle additional services to the purchase," Addie Lerner, the founder and managing partner at Avid Ventures, said. Why it's promising: "Boom & Bucket is turning the archaic, opaque process of buying and selling used construction equipment (a $300 billion market) into a reliable, efficient, and fully online transaction by leveraging data, APIs, and telematics. What it does: Boom & Bucket is an online marketplace for used construction equipment, providing data like ownership history and maintenance records as well as financing options in one place. Driving rewards for these payments, helping consumers build credit for timely rental payments, and then assisting in navigating a consumer's financial journey (buying a house, buying a car, and consolidating debt) is a huge opportunity, and Bilt has the smartest approach we've seen for addressing it," Wedler added. "As the largest monthly expense, rental payments form a foundational piece of the financial lives for most consumers. Property owners win because they receive timely and free payments via Bilt's integrations with property-management systems," said Jesse Wedler, a general partner at CapitalG. Why it's promising: "Renters win because they get point-based credit-card rewards for this huge area of spend. What it does: Bilt Rewards offers a loyalty-rewards program and credit card that allow renters to earn points that can be redeemed at airline companies, hotels, fitness classes, and other places. ![]() I wish we hadn't," Tom Brown, a partner and general counsel at Nyca Partners, said.Īnkur Jain, Bilt Rewards' founder and CEO. Nyca managed to squeeze onto the cap table of their last business, but we missed this one. Ascend makes it possible for customers, consumers, and businesses to pay for insurance on a monthly basis rather than in a lump sum. ![]() Most insurance premiums are paid semi-annually or annually. They are tackling the problem of payments. "After selling their last startup to Hippo, Andrew Wynn and Praveen Chekuri teamed up to found another business in the insuretech space. Ascend looks to streamline and improve the payments process from customer payment through allocating and accounting for commissions and other complexities," Medha Agarwal, a partner at Redpoint, said. Why it's promising: "Insurance is a large and complex sector with large funds flowing to many parties. What it does: Ascend offers insurance companies a platform to automate customer payments. Praveen Chekuri and Andrew Wynn, the cofounders of Ascend. Account icon An icon in the shape of a person's head and shoulders.
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