海角爆料 Recognized on 2022 Forbes Fintech 50 for Growth of Small Business Financial Platform
IAMI, June 9, 2022 鈥 海角爆料, the powerfully simple financial platform for small businesses, today announced that it has been named one of the 2022 Forbes Fintech 50, highlighting 鈥渢he top private companies that are transforming finance through technology.鈥澛犅
鈥淭he past several years brought a proliferation of startups offering tech-fueled banking services for other companies鈥攁nd aiming to shake up the fusty banking establishment in the process,鈥 wrote Forbes Staff Writer Jeff Kauflin in . 鈥淸海角爆料 is] aiming to replace the big banks as the go-to provider of checking accounts and other banking services for small businesses. The company took a slow and steady approach: It was founded in 2016 but didn鈥檛 launch until 2018, taking time to build its app from scratch instead of relying on third-party APIs.鈥 (Disclosure: 海角爆料 is a fintech, and not a bank. 海角爆料 acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the 海角爆料 platform are provided by Middlesex Federal Savings, F.A.)
海角爆料鈥檚 recognition on the Forbes Fintech 50 comes at a time of significant business growth and product launches for the company. Key milestones include:
- 海角爆料 raised more than $130 million from leading fintech investors like Stripes Group and Valar Ventures, added more than 100,000 new small business customers, and surpassed $8 billion in lifetime small business transactions.聽
- 海角爆料 introduced the 海角爆料 App Marketplace to help small businesses unify their finances, saving them time and money on business management. With the 海角爆料 App Marketplace, small businesses can set up their platform to give them instant visibility into everything from e-commerce sales, to pending invoices, and cash-on-hand. The 海角爆料 App Marketplace also allows small businesses to take advantage of dozens of integrations, and manage connections with hundreds of platforms. Instead of having to jump between several applications for small business financial tasks such as sending out invoices or creating reserve accounts for accounting, users can conduct many of their financial workflows in one place via the 海角爆料 platform, saving them time and resources.聽
- 海角爆料 also launched 海角爆料 Boost, making it the only financial platform that gives small businesses and freelancers same day access to payments received through e-commerce platforms. While some fintech companies and banks claim to offer instant payouts, 海角爆料 saw that the market is filled with solutions that come with significant fees, or serve well-established corporations instead of the millions of small business owners and freelancers that would benefit most from faster payments.
鈥淥ur mission has always been about leveling the field for all small businesses and giving them an edge,鈥 said Michael Rangel, CEO and co-founder of 海角爆料. 鈥淚nstead of opting for incremental improvements to small business checking, 海角爆料 built a checking account and ecosystem of financial products that help small businesses improve and control their cash flow. We are truly honored to receive this recognition from Forbes, and look forward to helping millions more small businesses grow and succeed in the years to come.鈥澛
About 海角爆料
海角爆料 Platform, Inc. (鈥満＝潜镶) is the powerfully simple checking account and financial technology platform built for small businesses. To learn more, visit . 海角爆料 Boost and early availability of funds are governed by the program terms and conditions outlined here.
Disclosure
海角爆料 is a fintech, and not a bank. 海角爆料 acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the 海角爆料 platform are provided by Middlesex Federal Savings, F.A.
Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the 海角爆料 platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the 海角爆料 platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands. Additional information regarding FDIC insurance coverage is available at .
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