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A student-loan-refinancing startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, #SOTY Podcast, and more.
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Oct. 14 -16 | Memphis, TN
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Defynance
Defynance refinances student loans eliminating student debt with smart income share agreements.
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An Income Share Agreement (ISA) allows someone to contractually share a fixed percentage of their income over a set period of time with a funder. The total amount shared varies depending on the income share percentage, ISA length, income growth or lack thereof, and other factors. Defynance ISA payments pause, without recourse, if income falls below a minimum amount, and can end early if prepaid or when total income share payments hit the payment cap. It also has a built in savings mechanism that provides a cash return to our refinancers when their ISA payment term is completed.
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What's Innovative About Their Solution?
Defynance has built a proprietary machine learning ISA predictive algorithm that is able to provide individualized risk based income share percentage pricing for each refinancing candidate.
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⚙️ Product Stage
Beta—Private
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🏭 Industries
FinTech, Marketplaces, Impact
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
$100k-500k
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🙌 Founder Demographics
Minority founder
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Big Wins
- Won 2nd place in the Startup Showcase during the Tampa Bay Startup Week
- Selected to be in the initial cohort of the Embarc Collective
- Selected after a to join the University of South Florida Tampa Bay Technology Incubator
- Private Beta underway since March 15, 2019
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Contact the Founder:
Farrukh Siddiqui
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. Thank you to American Airlines and Silicon Valley Bank for your sponsorship! |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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