# Grain Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grain-technology

- Industry: Financial Services
- Headquarters: Oakland, US
- Website: www.grain.credit
- Total disclosed funding: $2.8M
- Latest round: Seed (Aug 11, 2020)
- Investors on record: 3

## About

Established in 2017 and based in California, US, Grain Technology, Inc. offers credit services to transform an existing debit card into a credit card. Christian-Robert Joseph (CEO), Patrick De Suza (CTO), and Carl-Alain Memnon (COO) are the co-founders of the company. In August 2020, Grain Technology, Inc. raised USD 2.8 million in seed funding from Gaingels Syndicate, Urban Innovation Fund and Y Combinator.

The company's product, Velex, offers all-inclusive credit underwriting for businesses and their customers. Through real-time and precise evaluations based on cash flow, businesses can access reliable financial insights to support their growth and success. For Individuals, Velex also offers a unique personal credit product where customers can secure a line of credit up to USD 5,000, customized according to their cash flow. The product provides added flexibility without the need for a physical card, making it convenient and accessible. The system automatically generates risk scores and identifies patterns from cash flow data, providing businesses with precise risk assessments by integrating machine learning technology.

## Funding rounds

- Seed, Aug 11, 2020, $2.8M — Y Combinator, Gaingels, Urban Innovation Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Seed