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Paperplane

DefunctYC W23

New York City, US · Founded 2022 · 5 employees · 14 known investors

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Paperplane provides credit risk prediction for building supplies merchants using transaction data and sales representative input to identify customers at risk of default weeks before traditional credit assessment methods.

AI & Machine LearningFintechSaaSAIUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W23)

Paperplane was founded in 2022 by Daniel Kwak, Jack Hopkins, and Ben Magolan.

DKDaniel Kwak
Daniel KwakCo-founder2021–2024Daniel Kwak studied computational physics and machine learning at the doctoral level before leaving his PhD program.
JHJack Hopkins
Jack HopkinsFounderuntil 2024Jack Hopkins holds a postgraduate degree in Advanced Computer Science from Cambridge and has published peer-reviewed research in generative language models. He previously founded a company focused on applying language models to API security before co-founding Paperplane to develop NLP solutions for sales.
BMBen Magolan
Ben MagolanCo-Founder (YC W23)2021–2024Ben Magolan previously worked as an ML Ops tech lead at Xometry and as a software engineer at the Naval Nuclear Laboratory. He holds a PhD in Nuclear Engineering from MIT, with research focused on reactor coolant modeling and simulation.

Investors · 14

Bloomberg Betalisted by Bloomberg BetaSan Francisco · $25K – $1M

How we know: the VCSheet dataset · github.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

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1984 Ventures Management, LlcreportedSan Francisco · $750K – $1M

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Cornerstone Venture PartnersreportedNew York

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Creator FundreportedLondon · $1.1M

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FAST — by GETTYLABreportedSan Francisco · $100K

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Formulate VenturesreportedSan Francisco

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Index VenturesreportedSan Francisco · $540K – $10.8M

How we know: Y Combinator's founder network · Not right? Tell us

PioneerreportedToronto, Ontario

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Red Rooster VenturesreportedSan Mateo

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Soma CapitalreportedSacramento · $100K – $300K

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Also in the syndicate · 2

100X.VCLetsVenture

Images

Paperplane photo

Related companies · 5

NobleNoble provides modular software components that enable companies to evaluate customer creditworthiness and track changes in credit quality over time, supporting the construction of credit assessment systems.
Swipe TechnologiesSwipe Technologies operates Float, a cross-border business payment platform, and Accounteer, a cloud-based accounting and bookkeeping service for companies and independent professionals.
PagaloopPagaloop is an SDK and API platform that enables developers to embed government payment collection directly into their applications, supporting taxes, permits, and municipal services across Mexico City and federal agencies. The platform integrates with ERPs, fintechs, wallets, and municipal portals, handling card, SPEI, and cash payments with fraud detection and regulatory compliance built in.
RedCarpetUpRedCarpet issues credit cards to Indian consumers who lack credit history and cannot obtain cards from traditional banks. The company provides an end-to-end platform for card issuance, underwriting, and servicing to reach a largely underserved population.
AltroAltro provides a mobile card that offers users a small line of credit to pay for subscriptions they already have, allowing them to build credit histories without traditional lending products. The service targets people who have been unable to access credit through conventional banking channels.

Companies working in the same space as Paperplane.

Legal entities · 1

corporate structure
Paperplane Inc.

In the news

Paperplane - Automatically update Salesforce after sales calls using NLP.ycombinator.com · Mar 2023

Frequently asked questions

What does Paperplane do?
Paperplane provides credit risk prediction for building supplies merchants using transaction data and sales representative input to identify customers at risk of default weeks before traditional credit assessment methods.
Who founded Paperplane?
Paperplane was founded by Daniel Kwak, Jack Hopkins, Ben Magolan in 2022.
Who are Paperplane's investors?
Paperplane's investors include Afore Capital, Bloomberg Beta, Y Combinator, 1984 Ventures Management, Llc, Cornerstone Venture Partners, Creator Fund, FAST — by GETTYLAB, Formulate Ventures and 4 more.
Where is Paperplane headquartered?
Paperplane is headquartered in New York City, US.