UpBanx YC Application

Winter 2022Active

UpBanx went through Y Combinator in the Winter 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: Winter 2022
Industry: Fintech
Team size: 13
Status: Active
Launched: 2022

Founders

Wafa TaftazaniFounder
Alif Jafar FatkhurrohmanFounder
Hendri WijayaFounder

What UpBanx does

UpBanx is Brex for D2C brands and content creators in Indonesia. We help our customers open a high-yield business account, get financing, manage transactions, and launch Web3 projects, all in one place. There are over 700k D2C brands and content creators in Indonesia. If we serve all of them, that is a $14b/year market opportunity. We've raised $5.6m so far from investors like Y Combinator, Alpha JWC, Alto Partners, CreditEase, Oliver Jung and lndonesia's biggest influencer Raffi Ahmad who has over 100m followers on social. We have also raised from 6 other Y Combinator founders. We are open to working with more investors that can bring strategic value to our long-term roadmap.

UpBanx's YC application, reconstructed

Y Combinator application

UpBanx, Winter 2022 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

UpBanx

Describe what your company does in 50 characters or less.

Brex for D2C brands and creators Indonesia

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

We built a platform that lets D2C brands and content creators in Indonesia open high-yield business accounts, manage financing, handle transactions, and launch Web3 projects - all in one place. This solves the fragmented and limited financial services currently available for smaller creators and brands in Indonesia, where over 700k potential customers face difficulties accessing tailored fintech solutions.

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

We live in Jakarta, Indonesia, and the company is based here with a remote team.

Explain your decision regarding location.

Jakarta is where our main customers - D2C brands and content creators - are, so it makes sense to build and serve from here. Being local helps us understand their needs directly and move faster on regulatory and market issues.

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 UpBanx YC application?

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