Also known as: Lace
API for Invoice Financing
Company is closed
Event Year: 2016
Company is closed
Event Year: 2016
Scanate, also known as Fellow, aimed to provide an API for invoice financing. The company participated in the Summer 2016 batch of Y Combinator. Invoice financing solutions cater to businesses seeking to improve their cash flow by leveraging unpaid invoices. This involves providing immediate funds against outstanding invoices, often with a fee or discount applied. While the initial concept held promise, Scanate/Fellow is now inactive, suggesting challenges in execution, market adoption, or competition within the B2B financial technology landscape. Further analysis would be required to determine the specific reasons for its closure.
Scanate, also known as Fellow, aimed to provide an API for invoice financing. The company participated in the Summer 2016 batch of Y Combinator. Invoice financing solutions cater to businesses seeking to improve their cash flow by leveraging unpaid invoices. This involves providing immediate funds against outstanding invoices, often with a fee or discount applied. While the initial concept held promise, Scanate/Fellow is now inactive, suggesting challenges in execution, market adoption, or competition within the B2B financial technology landscape. Further analysis would be required to determine the specific reasons for its closure.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2016
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2016
B2B
B2B
B2B -> Finance and Accounting
B2B -> Finance and Accounting
Team size: 2
Hiring: No
Team size: 2
Hiring: No
