Loan management software for private lenders
Company is active
Event Year: 2021
Company is active
Event Year: 2021
Hypercore offers a sophisticated loan management software solution tailored for small and medium-sized private lenders. The platform streamlines and automates critical workflows, providing lenders with real-time analytics and key performance indicators (KPIs) to gain deeper insights into their loan portfolios. Currently, Hypercore is running paid pilot programs generating $3.5K MRR, and has secured a Letter of Intent (LOI) for an additional $1.5K MRR. The founding team, with a background in technological units within the Israeli Defence Forces, previously established a software development company specializing in fintech projects, including e-wallets and open-banking solutions. This experience highlighted the outdated tools prevalent in the lending industry, revealing a significant opportunity for disruption. Hypercore aims to build the essential tools for private lenders who currently rely on inefficient methods like Excel spreadsheets, with a long-term vision of creating a 'Nasdaq of private loan books' by enabling the securitization of loan portfolios through its platform.
Hypercore offers a sophisticated loan management software solution tailored for small and medium-sized private lenders. The platform streamlines and automates critical workflows, providing lenders with real-time analytics and key performance indicators (KPIs) to gain deeper insights into their loan portfolios. Currently, Hypercore is running paid pilot programs generating $3.5K MRR, and has secured a Letter of Intent (LOI) for an additional $1.5K MRR. The founding team, with a background in technological units within the Israeli Defence Forces, previously established a software development company specializing in fintech projects, including e-wallets and open-banking solutions. This experience highlighted the outdated tools prevalent in the lending industry, revealing a significant opportunity for disruption. Hypercore aims to build the essential tools for private lenders who currently rely on inefficient methods like Excel spreadsheets, with a long-term vision of creating a 'Nasdaq of private loan books' by enabling the securitization of loan portfolios through its platform.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Fintech
Fintech
Fintech -> Credit and Lending
Fintech -> Credit and Lending
Team size: 7
Hiring: No
Team size: 7
Hiring: No