FinovateSpring 2009 / Syphr
Presenter Profile:
How they describe themselves: Engaging with a prospect early when a buy cycle commences is a strategic advantage that produces a first-mover advantage and the opportunity to influence the buy. We’re building a company that gives banks and credit unions that advantage with new loan and customer prospects.
What they think makes them better: Syphr, LLC, has developed a lead/loan generation service for credit unions and community banks that utilizes our patent-pending rate discovery technology on the sites that sell credit reports to consumers to source potential loan/new customer prospects among some 175,000 consumers that purchase a credit report each month. The program, RateMatch, links consumer with a credit union or community bank following the purchase of a credit report, and provides rate/pricing comparisons and a report that demonstrates how much they can save by refinancing.
Contacts:
Bus. Dev. & Sales: Tim Brothers, Chief Operating Officer, 502-741-6852
Press: Chris Langley, President, 845-258-0403
Website: www.syphronline.com | www.massxvelocity.com
HQ Location: Ferndale, New York
Company Founded: June 2007
Product Being Demoed: RateMatch
Product Launched: April 2009
Metrics: 8 clients, $900,000 raised by Initial Members, product development fully funded
- Key Executives
Chris Langley (President), Tim Brothers (COO), Steve Clark (CFO), Eric Lodor (Vice President, Internet/Web Service)
Key Stats
- Key Board Members
Thomas Glatt, Jr. (President, Glatt Consulting) Frank Hackney (President, Innershift Practices), Chris Dollar (President, Dollar & Associates)
- Key Advisory Board Members
Thomas Glatt, Jr. (President, Glatt Consulting) Frank Hackney (President, Innershift Practices), Chris Dollar (President, Dollar & Associates)
- Key Investors
Joint venture of Eastern NY FCU, Equidata, Inc., National Innovative Software Solutions
- Key Partnerships
RateMatch is represented in the marketplace by Allied Solutions and Southwest Business Corporation and is marketed/licensed under the brand name CreditMine at the point-of-sale/B2B channel by a business unit of Fiserv, GalaxyPlus and Continuum.
- Key Customers
Eastern NY FCU, Carolinas Telco FCU, Weokie Credit Union, Christian Financial FCU, NARFE Premier CU, Carolina Collegiate FCU, United Communities FCU, Southeast Michigan State Employees FCU, Advantage One FCU