Magic YC Application
Magic went through Y Combinator in the Summer 2022 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Summer 2022
- Industry
- FintechPayments
- Team size
- 10
- Status
- Inactive
- Launched
- 2023
Founders
- Chetan Kulhari
What Magic does
Magic is the next-generation platform for payments, loyalty, and rewards.
Magic's YC application, reconstructed
Y Combinator application
Magic, Summer 2022 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Magic
Pay by Bank Platform
We built a platform that enables payments, loyalty, and rewards directly linked to users' bank accounts. This eliminates the friction of cards and wallets by connecting merchants to customers through their bank accounts for payments and incentives.
We don't have a public base location now, but after YC, we'll base the company where it can best grow and access fintech partnerships, likely a major fintech hub.
We want to be in a location that supports close partnerships with banks and payment infrastructure, so after YC we will consider moving where we can build the best integrations and customer base.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real Magic YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Magic's public data (launch notes, founder backgrounds, product description). It shows how a company like Magic would present itself to YC, not the text they submitted.
What YC batch was Magic in?
Magic was part of the Y Combinator Summer 2022 batch.
Who founded Magic?
Magic was founded by Chetan Kulhari.
What does Magic do?
Pay by Bank Platform
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of Magic's application, and every other YC batch, is in YC Insights.
More YC startups like Magic
