FinovateFall 2015 / Dyme
Presenter Profile:
How they describe themselves: Dyme.co helps turn spenders into savers using text messages. Budgets are like diets, they don’t work for most people. Dyme takes advantage of this short-term mentality, using in-the-moment text prompts to nudge users into saving or funding a goal a bit at a time, and then shows the results over time. A user then realizes that the path to savings and goal funding lies in small contributions. Dyme is designed for 18-40 year olds.
How they describe their product/innovation: Dyme is demoing its primary service, focusing on text message interactions with the user. These texts are designed to help the user make small in-the-moment contributions that nudge the user into saving towards long term goals and savings.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev., Press & Sales: Joseph Prather, Founder, jprather@dyme.co
Website: dyme.co
Twitter: @mydyme
HQ: San Francisco, CA
Founded: May 2014
Product Demoed: Text-message based savings solution
Product Launch: September 2015
Metrics: Raised ~$300,000 for beta test, 5 employees
Presenter: Joseph Prather (Founder)
- Key Executives
Joseph Prather (Founder), Peter Bohnert (CTO), Jeffrey Campbell (Lead Engineer), Tyler Fields (CMO), Simone Park (UI/UX)
Key Stats
- Key Investors
QC FinTech, undisclosed global Financial Services Brand
- Key Advisory Board Members
Elliott McEntee (Former CEO, NACHA)