Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Finch was founded in 2020 by Jeremy Zhang and Ansel Parikh in San Francisco to address the fragmentation problem in employment systems.</li><li>Finch&#39;s rapid growth is evident in its metrics: over 10,000 employers and 1 million employees connected, processing 5 million daily API calls.</li><li>Finch&#39;s competitive advantage lies in its extensive integration network and its ability to provide a single, standardized interface for a highly fragmented market.</li></ul>

Finch was founded in 2020 by Jeremy Zhang and Ansel Parikh in San Francisco to address the fragmentation problem in employment systems.Finch&#39;s rapid growth is evident in its metrics: over 10,000 employers and 1 million employees connected, processing 5 million daily API calls.Finch&#39;s competitive advantage lies in its extensive integration network and its ability to provide a single, standardized interface for a highly fragmented market.

<ul><li>Pinwheel is solving a problem that is core to all consumers in the financial services world.</li><li>Our ICP fits two buckets.</li><li>We help them enable that for everything—from a seamless account opening, for a one-click direct deposit switch, to underwriting them for a mortgage—all at the same time with a frictionless passing of the information.</li></ul>

Pinwheel is solving a problem that is core to all consumers in the financial services world.Our ICP fits two buckets.We help them enable that for everything—from a seamless account opening, for a one-click direct deposit switch, to underwriting them for a mortgage—all at the same time with a frictionless passing of the information.

<ul><li>Plaid (2021 valuation: $13.4B) grew 47% in 2021 to reach $250M in revenue and crossed 500M+ connected bank accounts acting as a middleware for fintechs like Block (NYSE: SQ) and Robinhood (NASDAQ: HOOD) to connect to their customers’ bank accounts for moving money to their app or fast-tracking customer onboarding.</li><li>Plaid became a consumer brand—going beyond serving as a white-label account linking service—by putting its logo on the bank linking experience inside fintech apps, sitting in the middle of a 3-sided, Visa-like network of 500M customers, 11,000 banks, and 2,600 fintechs.</li><li>In recent years, data aggregation has stagnated and become commoditized—the major players Plaid, Yodlee, Finicity (acquired by Mastercard for $825M) and MX (2020 valuation: $1.9B) build proprietary connections with only the top ~500 banks while outsourcing development to offshore software companies in India or reselling connections from other data aggregators for the long tail of 11,000+ banks.</li></ul>

Plaid (2021 valuation: $13.4B) grew 47% in 2021 to reach $250M in revenue and crossed 500M+ connected bank accounts acting as a middleware for fintechs like Block (NYSE: SQ) and Robinhood (NASDAQ: HOOD) to connect to their customers’ bank accounts for moving money to their app or fast-tracking customer onboarding.Plaid became a consumer brand—going beyond serving as a white-label account linking service—by putting its logo on the bank linking experience inside fintech apps, sitting in the middle of a 3-sided, Visa-like network of 500M customers, 11,000 banks, and 2,600 fintechs.In recent years, data aggregation has stagnated and become commoditized—the major players Plaid, Yodlee, Finicity (acquired by Mastercard for $825M) and MX (2020 valuation: $1.9B) build proprietary connections with only the top ~500 banks while outsourcing development to offshore software companies in India or reselling connections from other data aggregators for the long tail of 11,000+ banks.

The Future Of Plaid's $250M Screen Scraping Business

<ul><li>Today, one programmer can do what it took a large team of programmers to do 20 years ago.</li><li>We were able to reduce development overhead by 30%, but probably stress by somewhere around 80%.</li><li>In the next five years, what you're going to see is Nylas will be the immediate tool that developers reach for.</li></ul>

Today, one programmer can do what it took a large team of programmers to do 20 years ago.We were able to reduce development overhead by 30%, but probably stress by somewhere around 80%.In the next five years, what you're going to see is Nylas will be the immediate tool that developers reach for.

Isaac Nassimi, SVP Of Product At Nylas, On The Market For Developer Middleware

<ul><li>We have over 10,000 employers and over a million employees connected through our infrastructure.</li><li>Finch is currently focused on HR and payroll, but our goal is to expand this data model across the other employment systems within the sector.</li><li>We believe that we will be able to get to $100 million ARR with our current model.</li></ul>

We have over 10,000 employers and over a million employees connected through our infrastructure.Finch is currently focused on HR and payroll, but our goal is to expand this data model across the other employment systems within the sector.We believe that we will be able to get to $100 million ARR with our current model.

Jeremy Zhang, CEO Of Finch, On Building A Universal API For Employment Systems

United States

API for integrating email, calendar, and messaging into apps with unified communication logic

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Nylas (NYLAS US)

Primer: Finch - 02 Sep 2024

API for accessing and writing data across fragmented HR and payroll systems

Sacra

"Plaid For X" Startups

Led by companies like Plaid, universal APIs enable developers...

Sacra

The Future Of Plaid's $250M Screen Scraping Business

Plaid (dataset) indexed on the explosive growth of consumer fintech, growing 50% annually for the last 5 years and hitting $250M in revenue in...

Sacra

Isaac Nassimi, SVP Of Product At Nylas, On The Market For Developer Middleware

Sacra interview with Isaac Nassimi, SVP of Product at Nylas

Sacra

Jeremy Zhang, CEO Of Finch, On Building A Universal API For Employment Systems

Sacra interview with Jeremy Zhang, CEO of Finch.

Sacra

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