FinovateSpring 2024 / Modernbanc
Presenter Profile:
How they describe themselves: Modernbanc is a modern platform for financial operations. It helps companies operate their financial stack, unify their payments, reconcile financial data and break silos between accounting, payments, and engineering teams.
Our product consists of four core modules: Ledger, Vault (for storing sensitive data and PCI compliance), Workflows, and Reconciliations.
How they describe their product/innovation: Modernbanc’s Reconciliation module allows finance teams to leverage the power of AI and no-code automation to build complex reconciliation without the need for developers. This allows companies to increase leverage per employee, scale their finance and payments function, and increase profitability, without increasing their total headcount.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms
Credit Union/Community Bank Fit: Credit Unions, Community Banks
Contacts:
Bus. Dev. & Press: Gregory Gevorkyan (CEO), gregory@modernbanc.com, 415-583-8633
Website: modernbanc.com
LinkedIn: linkedin.com/company/68803106
X: @modernbanc
HQ: San Francisco, CA, USA
Founded: October 2020
Product Demoed: Reconciliations
Metrics: $3.6M raised
Presenter: Gregory Gevorkyan – Founder, CEO, Modernbanc
- Key Executives
Gregory Gevorkyan (CEO)
Key Stats
- Key Board Members
Gregory Gevorkyan (CEO)
- Key Investors
YCombinator, Global Founders Capital, Unusual Ventures, Soma Capital, Backend Capital, Socially Financed and a handful of amazing investors from fintechs like Secureframe, Brex, and SoFI.
- Key Customers
Ontop, Alternative Payments, Mono, Bloom