FinovateFall 2014 / EverSafe
Presenter Profile:
How they describe themselves: The financial abuse of older Americans is a growing epidemic costing seniors billions of dollars annually. EverSafe is the first technology-based solution to address this challenging problem. Founded by financial services and credit management industry veteran Howard Tischler — whose mother was a victim of elder financial abuse — EverSafe scans financial accounts, credit cards, and credit report activity daily, alerting members of suspicious activity. A proactive financial defense network, EverSafe protects seniors against financial abuse.
How they describe their product/innovation: EverSafe applies technology to combat elder financial exploitation. The service reviews the senior’s financial transactions and credit report activity daily and if suspicious activity is detected, an alert is sent immediately. EverSafe’s sophisticated software employs a set of rules developed specifically for seniors to comb every transaction looking for abnormalities, including unexpected patterns in spending, deposits, and withdrawals. If suspicious activity is confirmed, the resolution process begins. EverSafe tracks the remediation plan and sends follow ups to help curtail further financial exposure.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
Contacts:
Bus. Dev. & Sales: Howard L. Tischler, Founder & CEO, htischler@EverSafe.com,
410-343-9674
Press: Christopher Grover, VP Marketing, cgrover@EverSafe.com, 301-482-0277
Website: eversafe.com
Twitter: @EverSafeSeniors
HQ: Columbia, MD
Founded: January 2012
Product Demoed: EverSafe
Product Launch: Spring 2014 (soft launch)
Metrics: $1.5M raised, 7 employees
Presenters: Howard Tischler (CEO & Founder),
Elizabeth Loewy (SVP Industry Relations & General Counsel)
- Key Executives
Howard L. Tischler (Founder & CEO), Elizabeth Loewy (SVP Industry Relations), Christopher Grover (VP Marketing), Broc Sleek (VP Operations), Chris Federowicz (CTO)
Key Stats
- Key Board Members
Howard L. Tischler (Founder & CEO, EverSafe & Lead Director, DealerTrack Technologies), Jay Goldberg (Senior MD, Hudson Ventures), Gary Farha (Co-Founder, President & CEO, CustomerFirst Renewables)
- Key Advisory Board Members
Risa Breckman (LCSW), Gary Farha (Co-Founder, President & CEO, CustomerFirst Renewables), Krishna Gopinathan (President & Chief Analytics Officer, Global Analytics & Primary Inventor, Falcon credit card fraud detection system), Brad Keller (SVP, The Santa Fe Group), Vince Passione (Founder & CEO, Lendkey), Kathleen Quinn (Executive Director, National Adult Protective Services Association), Robin Slade (SVP & COO, The Santa Fe Group), Vaughn Swartz (MD & Head of Compliance, TD Securities US)
- Key Investors
Business angels with senior management and board positions in the financial services and technology industries
- Key Partnerships
Yodlee, Intuit, Equifax, TransUnion