# Streamsource Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/streamsource-technologies

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.skeps.com
- Total disclosed funding: $11M
- Latest round: Series A (Aug 31, 2021)
- Investors on record: 2

## About

Streamsource Technologies Inc. is a US-based technology firm specializing in providing tailored financing solutions across various industries, enhancing the purchasing experience for both consumers and businesses.Streamsource Technologies Inc. operates a patented technology platform that connects customers with optimal financing options through a multi-lender network. Founded in 2018 and headquartered in New York, US, the company has undergone a Series A funding round on August 31, 2021, raising USD 9.5 mn, led by Bertelsmann India Investments, with participation from Accel. The company has completed 2 funding deals to date. Alan Wilckay and Prerit Srivastava are the founders, and Alan Wilckay also serves as the CEO.Streamsource Technologies Inc. offers a patented technology platform that delivers customized financing solutions for various industries. The platform integrates seamlessly into existing payment flows, facilitating purchases from USD 500 to over USD 100,000. It primarily targets sectors including healthcare, travel, retail, telecom, and home improvement. By promoting financing options to pre-approved customers before they make purchasing decisions, the platform aims to enhance conversion rates and average order values. The service currently operates across multiple markets, including the United States, Canada, and several regions in Europe, catering to a diverse clientele such as healthcare providers and retail establishments.For the most recent year, 2022, Streamsource Technologies Inc. reported revenue of USD 1,789,266.80 and an EBITDA of USD 277,119.20. The company generates revenue through service fees from merchants for utilizing its financing solutions, leveraging a partnership model that integrates financing capabilities into digital checkout processes.In August 2021, Streamsource Technologies Inc. secured USD 9.5 mn in Series A funding, which will be directed towards expanding its sales, marketing, engineering, and product teams. The company plans to introduce new products and services designed to enhance its offerings, although specific release dates have not been disclosed. Additionally, there are intentions to expand into new geographic markets, with particular focus on further penetration in the United States and growth initiatives in Canada and Europe.

## Funding rounds

- Series A, Aug 31, 2021, $9.5M — Accel, Bertelsmann India Investments
- Seed, Jan 30, 2019, $1M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series A