This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.
Balance lets B2B merchants provide businesses with a way to pay how and when they want, while getting the funds instantly and easily as card payments.
Founders: Bar Geron (CEO), Yoni Shuster (CTO)
Signals:
Repeat founders
Bar and Yoni both co-founded Q.ai
Venture-backed experience
Bar worked as a product manager at Behalf for 1.5 years
Top company alumni
Bar worked as a data scientist at Paypal for over 2.5 years
Yoni worked as a product manager at Paypal for over 3 years
Fast team growth
Grew 2.2x YoY to 48 employees
Accelerated financing
Founded in 2020, announced seed in Feb 2021, announced series A in Aug 2021
Midas list investors
Ribbit Capital led series A
Lightspeed participated in seed and series A
Till tomorrow, Kenn