FinovateSpring 2017 / Newchip
Presenter Profile:
How they describe themselves: We are a startup investment marketplace targeted at the 18-35 demographic, using machine learning to connect 200 million new US investors to personalized investment opportunities in vetted startups they believe in from the leading equity crowdfunding platforms around the nation.
How they describe their product/innovation: We’ll be covering our DealMatch learning algorithm that personalizes opportunities to our investors based on their interest, preferences, and social media. We’ll also be demoing our innovating new lending model, how it works, and how we’re integrating into the financial industry.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contact
Bus. Dev., Sales & Press: team@newchip.com, 512-367-0045
Website: newchip.com
Instagram: newchipco
Twitter: @newchipco
HQ: Austin, TX
Founded: June 2016
Product Demoed: Newchip
Product Launch: April 2017
Metrics: $300k raised to date, 5 employees, thousands of early signups and extensive 10k+ email list, launching in the next 30 days.
Presenters: Travis Brodeen (CTO & Co-Founder), Linda Phan (Director of Operations)
- Key Executives
Ryan Rafols (CEO & Founder), Travis Brodeen (CTO & Co-Founder), Judd Hollas (COO)
Key Stats
- Key Board Members
Matt Bell (Board Member)
- Key Investors
(In funding round)
- Key Advisory Board Members
Joy Schoffler (Advisor)
- Key Partnerships
Wefunder, Nextseed, Republic, (numerous closing in negotiation now), Angelspan
- Key Customers
Millennials (18-35 Demographic), early adopters are current crowdfunding users.
70% of the $3B in crowdfunding in the last few years has been from millennials. Only 10% of $3B was from accredited investors. Average investments from $100-$300.