Kickpay (YC W15) Is A Marketplace For Invoices That Helps SMEs Get Paid Quickly

Kickpay joins the W15 batch of YC: 

"Cash flow is all important for small businesses — it’s the difference between life or death — so it is frustrating when customers don’t pay invoices up front. Nothing puts a strain on finances quite like waiting 30, 60 or 90 days for your money, and that’s not even mentioning the resources spent following up and chasing down payment.

Scenarios like this are where Kickpay, a startup that is graduating Y Combinator‘s latest batch, hopes to make a difference.

Kickpay’s service is essentially a secondary market for invoices. Companies, and in particular more-financially conscious SMEs and startups, post details of confirmed invoices which are sold to investors who can get a quick return on their money. The arrangement gives the seller most of their capital upfront — avoiding the painful, often critical, wait for funds — while Kickpay claimed an investor can get a ‘double-digital’ return on an annual basis."

Taskpipes (YC W15) Is SaaS To Simplify Using Lots Of (Other) SaaS Platforms

Taskpipes launches out of the W15 batch of YC:

"If there was a neat label for startups whose raison d’être is to take the strain out of dealing with other startup services then Taskpipes would be wearing that badge proudly on its lapel.

The YC-backed, U.K. founded b2b startup is attacking what it says is a growing data-management problem for businesses — created by the proliferation and adoption of SaaS platforms. So, in other words, those shiny, cloud-based platforms which promise to streamline your business processes by taking various data-processing tasks off your hands are actually introducing a new headache by fragmenting your data across multiple silos.

That means businesses using multiple SaaS platforms are having to engage in manual data-wrangling when they need to work across these different data buckets, or pull data-sets into other pieces of software for processing. It’s this SaaS-generated data-processing headache that Taskpipes has seized on as another business opportunity."

Read the full story on TechCrunch

SlideMail (YC W15) Is An Intelligent Email App For The Rest Of Us

SlideMail launches out of the W15 batch:

"A new email application launching today called SlideMail is designed to help those of us with bad email habits sort through our inbox, while also intelligently organizing our messages and alerting us to important meetings and other events. While other email apps focus on presenting power users with a “priority inbox” containing their most important emails, SlideMail’s take is a little different. To figure out what matters to you, it watches your email activity, learning what you read, trash and archive, and then adapts to that behavior over time.

SlideMail’s creator, Vu Tran, who previously founded the Y Combinator-backed company Framebase, has returned to the accelerator program for the second time to get this new email app off the ground." 

Read the full story on TechCrunch

YC Digest - 3/12-3/19

Top Stories from the YC World - 3/12/15-3/19/15
YC Stats - Winter 2015

Metro Money: The Down and Dirty on the Laundry Biz - Cleanly (YC W15) in WSJ



Launches

 








Fundraising

Akido Labs (YC W15) Provides A Standardized API Layer For Hospital App Developers

YC welcomes Akido Labs to the W15 batch of Y Combinator:

"Many hospitals in America have made the switch to Electronic Health Records (EHR) systems to manage patient medical information in the last couple of decades. This is supposed to make record-keeping easier and more efficient, but the systems are different for each hospital and often can’t communicate with each other. This makes it hard for health app developers to design apps that run on each unique system.

Currently, if an app uses patient health information, the app developer has to not only spend months convincing the hospital bureaucracy to integrate its EHR system with the developer’s app, but the developer also has to design the app a specific way to work within that unique system in order to get it to send the needed data. This is obviously too expensive and time-intensive for most app developers.

Y Combinator-backed Akido Labs is a third-party service that helps health IT app developers simplify the process within each hospital records system. Akido Labs co-founders Hugh Gordon, Jared Goodner and Prashant Samant previously started the University of Southern California’s D-Health Lab, USC Health System’s digital innovation arm. Gordon was in medical school at the time and noticed the inefficiencies in the current health system." 

Read the full story on TechCrunch

Moltin (YC W15) Wants To Simplify E-Commerce Development

Moltin joins the W15 batch of Y Combinator: 

The three founders of Moltin, a member of the 2015 Y Combinator winter class, like many fellow members birthed their company idea out of necessity, coming up with a way to solve an entrenched problem they were facing.

In this case, they were working for a design agency in England, and they found adding e-commerce functionality like a shopping cart to a website was too hard and often expensive.

They decided to simplify it by creating an API-based framework that would become Moltin. The idea behind the product is to make it easier for developers to add e-commerce functionality with a few lines of code, Adam Sturrock, CCO at Moltin explained.

Dealyze (YC W15) Brings A Starbucks-Like Loyalty Program To Any Business

Dealyze launches out of the Winter 2015 batch of YC:

When it comes to encouraging consumer loyalty, Starbucks’ program involving its mobile app and accompanying rewards card set a high bar for the rest of the industry to follow. Today, a new company called Dealyze is launching a service that aims to offer a similar app experience to any business, but at a lower price point than its competitors in the mobile loyalty space.

While there are today a number of startups running mobile loyalty programs for small businesses, including Belly and FiveStars, for example, what makes Dealyze different from others is that it allows a company to brand its consumer-facing app and tablet with their own logo and color scheme in order to really make it seem like their own. This is done by way of Dealyze’s own theming engine, which allows the company to make custom systems in minutes.

Read the full story on TechCrunch

The Detroit Water Project (YC W15) Connects Donors To Unpaid Water Bills

YC welcomes the Detroit Water Project to the Winter 2015 batch: 

Help can come from anywhere. And people in Detroit need help. In 2014 the City of Detroit was in the middle of the largest municipal bankruptcy in U.S. history and the city aggressively started turning off water to delinquent accounts in a desperate attempt to right the city’s finances. More than 33,000 consumers had their water shut off in 2014 alone. The city is still pursuing past due water bills although The Detroit News recently revealed the water department has shifted focus away from residents and will go after businesses first.

The organization behind the Detroit Water Project attempts to throw a life-preserver to those drowning in unpaid water bills by connecting donors to those in need. This allows homeowners to, in a sense, crowdsource their water bill. Donors can either pay the entire unpaid balance, which can be several thousand dollars, or just part of a bill. Since its launch, the company has expanded to Baltimore with the Baltimore Water Project.

Read the full story on TechCrunch

YC Stats - Winter 2015

Here is what YC looks like in Winter 2015
Number of startups in the W15 batch: 114

Number of companies funded by YC overall: 842

Total market cap of all YC companies: Over $30B

Total money raised by YC companies: Over $3B

Number of YC companies worth more than $1B: 4

Number of YC companies worth more than $100 million: 32 [1]

Countries represented in the W15 batch
Argentina, Canada, Chile, China, Colombia, France, India, Israel, Netherlands, New Zealand, Peru, Russia, Singapore, Thailand , Turkey, UK, Ukraine, USA [2]

W15 Demographics
Companies with a female founder: 25 (21.93%)

Companies with a Black founder: 9 (7.89%)

Companies with a Hispanic founder: 6 (5.26%)

Founder Age:
> Average: 30.27
> Median: 29
> Oldest: 66
> Youngest: 20

W15 Company Categories
B2B: 20 (17.54%)

Consumer: 20 (17.54%)

Biomedical: 18 (15.78%) 

Marketplace: 14 (12.28%) 

Enterprise: 13 (11.40%) 

Developer Tools: 10 (8.77%) 

Fintech: 9 (7.89%) 

Hardware: 7 (6.14%)

Non-profit: 3 (2.63%) 

Aerospace: 1 (.88%)


[1] Including companies that have been acquired 

[2] This list is based on answers to the application question "Where do you live now?" and not on founder nationality.

Thanks to Sketch Deck for help with the graphic. 

Shift Labs (YC W15) Launches Out Of Y Combinator To Make Medical Devices For Healthcare’s Future

YC welcomes Shift Labs to the YC W15 batch: 

"Shift Labs is a small startup launching this spring out of Y Combinator with a lofty tagline: to be “the Nest of medical devices.” But as ambitious as that goal may sound at first, when you take a closer look at Shift Labs, it doesn’t sound that crazy after all. In fact, it seems almost inevitable.

If you’ve spent any time in a hospital, you’ve likely noticed that a lot of the equipment around looks pretty complicated, with an array of buttons, knobs, screens, inputs and outputs. That’s largely because medical device manufacturers have historically built their products by focusing on form way before function. If usability and design are even considered, it’s an afterthought at best.

Of course, some degree of complexity in medical devices is understandable. These aren’t iPods we’re talking about, after all. But the founders at Shift Labs say there’s often an ulterior issue at play as well: profits."