FinovateFall 2011 / Rebirth Financial
Presenter Profile:
How they describe themselves: Rebirth Financial connects small business borrowers directly with individual and institutional lenders. The company hosts an online platform that is structured like an E-Trade for loans. As opposed to LendingClub or Prosper, Rebirth Financial is focused on lending to small businesses. Business financials and documents are available for lenders to browse. Loans are made directly to a business, not to an individual. Loans may be participated amongst financial institutions and individuals. Rebirth Financial also has tools that allow institutional lenders to lower default risk exposure while lessening CRA due diligence requirements.
How they describe their product/innovation: Rebirth Financial will demo its new JAS Rating System: a first-of-its-kind scoring system that determines the financial health of a small business. The JAS Rating System delivers a clear 1 through 100 score for small businesses, and displays industry specific comparisons. S&P and Moody’s can predict the financial health of a publicly traded business with a close to 96% accuracy. The JAS Rating System can predict the financial health of a private business with 86% accuracy.
Contacts:
Bus. Dev.: Chonchol Gupta, cgupta@rebirthfinancial.com, 504-782-1665
Press: Matthew Deitch, mdeitch@rebirthfinancial.com, 888-810-7180
Sales: Xavier Cabo, xcabo@rebirthfinancial.com, 888-810-7180
Website: www.rebirthfinancial.com
Blog: www.rebirthfinancial.com/blog
HQ Location: New Orleans, LA
Company Founded: February 2010
Product Being Demoed: JAS Rating System
Product Launched: September 2011
Metrics: Initial funding raised, Multimillion dollars in loans requested through the platform, operations in multiple states
- Key Executives
Chonchol D. Gupta (COO), Xavier Cabo (COO)
Key Stats
- Key Advisory Board Members
Abrar Ahmad (Partner, Travel Capitalist Ventures), Dr. Yiorgos A. Bakamitsos (Assistant Professor of Marketing, A.B. Freeman School of Business, Tulane University), Dr. James Biteman (Clinical Professor, Business Administration, A.B. Freeman School of Business, Tulane University), Robert Lane (former President, Key Bank, Central Ohio District), Darin McAuliffe (Former Co-Founder & President, Hotel Booking Solutions, Internet Destinations, and Turobotrip.com)
- Key Investors
Travel Capitalist Ventures
- Key Partnerships
Multiple Banks, Credit Unions, CDFIs, and Micro-Lending Institutions
- Key Customers
Borrowers: small business owners, looking to build or start their business but lack access to affordable capital. Lenders: individual and institutions looking for portfolio diversity, investing as little as $50 for an attractive ROI, lowering default exposure risk, or analyzing small businesses using the JAS Rating System.