OatFi

We're thrilled to emerge from stealth and announce $11.25 million in back-to-back rounds led by QED Investors (Seed) and Portage & Picus Capital (Pre-seed), with participation from Cambrian, Fin Capital, Dash Fund, Mischief and Lorimer Ventures. If you offer B2B payments and are looking to embed working capital tools for your SMB customers, please reach out! #wearehiring

Many thanks to FirstMark for having us!

We are extremely excited to support INXEPTION and its customers with the coordinated launch of Extended Payment Terms. As B2B payments continue to come online via market-leading platforms like Inxeption, embedded working capital solutions become table stakes! As Inxeption puts it, the Industrial procurement process just got a massive upgrade!

We are extremely excited to support INXEPTION and its customers with the coordinated launch of Extended Payment Terms. As B2B payments continue to come online via market-leading platforms like Inxeption, embedded working capital solutions become table stakes! As Inxeption puts it, the Industrial procurement process just got a massive upgrade!

We’re into December, so before putting out 2024 predictions, how did I do in 2023? 🤔 Let’s see: At the beginning of 2023, I made a few predictions on where I thought fintech was headed. Given the global unrest, rising inflation, tighter capital markets, and potentially more hawkish Fed Reserve actions, it was a particularly apprehensive period. Given the drastic changes the course of 2023, how did these predictions do? Prediction 1: B2B financial products will behave like software Grade: C+ There are signs of this happening, but the majority of B2B payments are still locked into huge ERP systems in large enterprises. The reality is that this market is penetrated by establishing highly specialized purpose built workflows that incorporate payments as a feature. If you want a detailed breakdown, Matt Brown’s post details this extremely well:  https://lnkd.in/gX3jxJmK Prediction 2: Alternative lending will explode in demand Grade: A 😎 Not going to lie, feels like a humble brag on this one. When I initially made this prediction, a lot of folks were very bearish on lending. The reality is entrepreneurs need to grow their businesses, and if classic forms of lending aren’t available, then newer models such as embedded lending, combining acquiring and issuing, and different trade finance models come into play. If you’re interested in checking out who’s doing cool stuff, I’m a huge fan of Pipe, Kanmon, Vartana, OatFi, Slope, Canopy. Prediction 3: Mass adoption of machine learning in lending  Grade: F 😩 Got skunked on this one. As someone with a data science background, I overlooked how difficult operationalizing machine intelligence is for folks who don’t live and breathe data. This becomes the critical linchpin of any ML-based value chain. In financial services, marginally better ML technology that is easily implemented at scale will always outperform. Well…overall I think stick to building embedded finance. I’ll drop 2024 predictions in January, so make sure you tune in :) and if you have any strong predictions of your own, let me know in the comments. #embedded #embeddedfinance #fintech #baas

It's no secret that it's been a choppy 18 months for fintech -- and yet the volatility is exactly why I'm long on it. There has never been a time in my investing career more exciting for early stage fintech than right now and the problems are as unsolved as ever. I often get asked who the up and coming fintech companies to watch are. Here in New York we're seeing leaders like Andres K. Marc Escapa Gavin Nachbar Oban MacTavish Paolo Bertolotti, PhD Bob Elliott R. Danae V. and the many others we featured on this list paving strong new paths we expect to be very notable in years to come. In this focal list, we highlighted 25 companies building locally who have raised a Seed or A in the last 18 months. And while NYC is Primary's home base, remember that we make investments everywhere, so if you're building in fintech I'd love to hear from you. I'll also be on the ground and onstage in at Money20/20 next week! If you'll be there I'd love to hear from you.

Many Thanks to Emily Man and Primary Venture Partners for featuring OatFi on their list of 25 Fintech Startups to watch!

We'll be at Money20/20 next week if anyone would like to connect! Please reach out to Tucker@oatfi.com to set up a time.

Thanks to Bianca Chan and Insider for including four QED portfolio companies on its list of up-and-coming fintechs. Congratulations to Albert, OatFi, Tribal and Wildfire Systems, Inc for the continued growth and traction. We're excited to see what you do next. Check out the full list here: https://lnkd.in/ghUjjmCb