Modernbanc YC Application

Winter 2020Active

Modernbanc went through Y Combinator in the Winter 2020 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: Winter 2020
Industry: Fintech
Team size: 6
Status: Active
Launched: 2021

Founders

Gregory GevorkyanFounder

What Modernbanc does

Simple to set-up, flexible and powerful platform to manage your business finances

Modernbanc's YC application, reconstructed

Y Combinator application

Modernbanc, Winter 2020 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Modernbanc

Describe what your company does in 50 characters or less.

Accounting software that works for you

What is your company going to make? Please describe your product and what it does or will do.

We are building a flexible accounting platform tailored to small and medium businesses, helping them manage their finances with less friction. Our product automates bookkeeping tasks and adapts to real-world business needs, unlike traditional software that forces users into rigid workflows.

Where do you live now, and where would the company be based after YC?

We live in London, United Kingdom, and plan to base the company here after YC as well.

Explain your decision regarding location.

We chose London because it's where we live and because it has a strong fintech ecosystem. The proximity to customers, investors, and talent is essential for us. YC will help us scale globally, but our foundation remains here.

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.

See full application

Frequently Asked Questions

Is this the real Modernbanc YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Modernbanc's public data (launch notes, founder backgrounds, product description). It shows how a company like Modernbanc would present itself to YC, not the text they submitted.