Заявка Jenfi в YC

Winter 2020Active

Jenfi прошел Y Combinator в потоке Winter 2020 как компания из сферы Fintech. Ниже: чем занимается компания, кто ее основал, и ее заявка в YC, реконструированная вопрос за вопросом в реальной форме YC.

Поток YC: Winter 2020
Сфера: FintechCredit and Lending
Размер команды: 18
Статус: Active
Запущено: 2020

Фаундеры

Jeffrey LiuFounder
Justin LouieFounder

Чем занимается Jenfi

We back growing digital businesses using revenue based financing. Many of growing businesses in Asia are highly "bankable" yet 50-70% are unable to obtain capital to grow their business. Having been business owners ourselves, we experienced firsthand the struggles of funding a business - from expensive equity options to loans that required personal guarantees. We went live in Singapore first to validate the product/market fit. We plan to expand across the APAC region.. Our sweet spot is backing repeatable business spend - expenses that leads to increased revenue. Our financing product allows businesses to keep growing with us over time. Over a third of our advances today are from repeat borrowers. We created a brand new asset class in Asia - offering flexible repayment options, such as tieing repayment with sales. Business owners LOVE this. Our automated financial technology platform ingests revenue and alternative data sources that gives us a proprietary edge in understanding the behavior of our borrowers. As we collect continuous data, we are able to offer better financial and technology solutions, while mitigating our downside risk. Funds are seamlessly deployed via our virtual Jenfi Wallet and MasterCard solution, giving borrowers flexibility to make payments while giving Jenfi real-time tracking of their spend. Recent coverage:

Заявка Jenfi в YC, реконструирована

Заявка Y Combinator

Jenfi, батч Winter 2020. Реальные вопросы из анкеты, ответы из публичных данных.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Jenfi

Describe what your company does in 50 characters or less.

Revenue-based financing for digital businesses in Asia

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

We provide revenue-based financing tailored for digital businesses across Asia. Our platform uses automated financial technology that ingests revenue and alternative data to assess borrower behavior and risk. We fund repeatable business expenses that drive revenue growth. Borrowers get advances repaid flexibly, tied to their sales through our Jenfi Wallet and MasterCard, allowing real-time tracking and repayments aligned with their cash flow.

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

We live and operate in Singapore, and after YC we plan to keep the company based here, expanding across APAC from this hub.

Explain your decision regarding location.

Singapore has a dense ecosystem of digital businesses and is an ideal place to validate our product-market fit in Asia. Its regulations and infrastructure suit fintech startups like ours, plus we have local knowledge and presence.

21 еще ответ в полной заявке

Founders, Progress, Idea, Equity, Curious, Batch Preference находятся в полной версии. Создайте бесплатную учетную запись, чтобы открыть ее в YC Insights, рядом с каждым другим потоком YC.

Смотреть полную заявку

Часто задаваемые вопросы

Это реальная заявка Jenfi в YC?

Нет. Y Combinator держит поданные заявки в приватности. Это реконструкция: реальные вопросы формы YC, ответы на которые основаны на публичных данных Jenfi (заметки о запуске, бэкграунд фаундеров, описание продукта). Это показывает, как компания вроде Jenfi представила бы себя YC, а не текст, который они подали.