Tag: fintech

PorchPass Hires Rackspace Co-Founder to Scale Fintech Platform
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PorchPass Hires Rackspace Co-Founder to Scale Fintech Platform

PorchPass, a financial technology (fintech) app developed by Braustin Homes, has hired software developer Dirk Elmendorf, Rackspace Technology co-founder, along with Jobward developers Brett Elmendorf, Natalie Karney, and Emily Rodriguez to help scale the San Antonio startup’s fintech platform.PorchPass is the first fintech app designed for land buyers, sellers, and dealerships in the manufactured housing sector. Braustin Homes created PorchPass as a cash-backed solution to streamline the new home construction process for manufactured homes.While Braustin Homes addressed the need for a streamlined home-buying experience — something co-founder and CEO Alberto Piña discovered the U.S. homebuilding industry overall wrestles with — one critical piece was missing. These same buyers ofte...
Braustin Homes Launches PorchPass, a Fintech App for Manufactured Home Buyers
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Braustin Homes Launches PorchPass, a Fintech App for Manufactured Home Buyers

One innovative homebuilding company has again disrupted the industry with its latest innovation. Braustin Homes announced Thursday the launch of PorchPass, a financial technology (fintech) platform.PorchPass is the first fintech app designed for land buyers, land sellers, and dealerships in the manufactured housing space. Braustin Homes created PorchPass as a cash-backed solution to streamline the new home construction process, giving buyers the power and speed of a cash close in today’s hyper-competitive housing market.The new fintech platform is available in Texas, which accounts for approximately 20% of the national manufactured home dealership market. PorchPass was initially open to Braustin customers and is now offered to select dealerships in a pilot program.Braustin Home...
New fintech startup RocketOption helps founders get financing faster
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New fintech startup RocketOption helps founders get financing faster

Serial entrepreneur and startup founder Matt Wilbanks has launched RocketOption, a fintech company that gives business owners a fast way to get debt financing options.RocketOption uses your business metrics — revenue, cost of supporting the product, how fast the company is growing — and matches you with lenders interested in financing a startup."There is a new category of lender that have evolved from the venture capital world," Wilbanks said. "Many don’t take equity in the startups they lend to and they provide loans based on the recurring revenue a startup is generating."Software as a Service or SaaS startups can generate millions in revenue but have little in tangible collateral. To address this financing need, venture lenders who issue revenue-based loans have emerg...
MR Presta Founder Cesar Manduca Dead at 47
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MR Presta Founder Cesar Manduca Dead at 47

Cesar Manduca, CEO of the financial technology startup MR Presta, died July 3 of leukemia after seven months of illness, according to his co-founder Carlos Rosso.Rosso and Manduca — from Mexico and Venezuela, respectively — met while completing the MBA program at Yale University in the late 1990s. They both worked in New York City for different investment banks until they reconnected and formed MR Presta. The San Antonio-based small business loan startup provides financing to underserved small businesses in Latin America.Manduca graduated from the Yale School of Management in 2001, starting his financial career as vice president at Citigroup leading a team that developed a new credit default swap program for domestic Latin American sovereign debt marketed to U.S. investors. After a...
FloatMe App Links Workers to Paycheck Sooner for Less
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FloatMe App Links Workers to Paycheck Sooner for Less

Financial emergencies can happen anytime. When they do, a surprise expense that pops up in-between paychecks can trigger late fees from not paying bills on time, to mounting bank fees from over insufficient funds and overdraft fees, to exorbitant interest on payday loans.Founder Josh Sanchez experienced this when he had unexpected car expenses once and was short that week. After getting a payday loan for $200 that turned into a $250 payback balance after only two weeks, Sanchez started thinking of less expensive options to access money short term. His idea turned into FloatMe, an app that enables workers to get a “float” or short-term advance on their next paycheck without paying hefty fees or interest.Once Sanchez paid back his payday loan, he discovered the high costs for many de...
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