Hypercore (Founding)
Funding Details
Awarder
YCombinator
Date Award
August 6, 2021
Vertical
Fintech,Credit and Lending
Company Info
Founding Year
2021
Market
Fintech
Location
Tel Aviv-Yafo, Tel Aviv District, Israel
Coinvestors
YCombinator
Company Description

Hypercore is a loan management software for small lenders. We help lenders automate workflows and provide them with real-time analytics and KPIs on their portfolios. Since June we are running paid pilots ($3.5K MRR), 1 LOI ($1.5K MRR). The founding team met while serving together as officers in technological units in the Israeli Defence Forces. We then established together a software development company specialized in fintech projects such as e-wallets and open-banking projects. That’s where we discovered how archaic are the tools lenders use that are ready for disruption. Hypercore is building the tools for private lenders who currently do everything in Excel, culminating in a 'Nasdaq of private loan books' - utilizing the platform to securitize loan books.