The New Money Company
YC W24San Francisco, US · Founded 2023 · 4 employees · 1 known investors
New Money Company provides trade credit underwriting and accounts receivable management for B2B suppliers, enabling them to extend payment terms to buyers without credit risk. The platform combines instant customer underwriting, credit lines, order management, invoicing, and integrated financing for distributors, manufacturers, and logistics operators.
Also known as Fermata · Numo · Workparty
Enterprise SoftwareFintechInsurTechSaaSPaymentsB2BInsuranceEnterpriseUnited States of AmericaAmerica / CanadaFully Remote
Founders & leadership· Y Combinator alumni (W24)
The New Money Company was founded in 2023 by Derrick Wolbert, Reuben Balik, and Q Carlson.
DW
Derrick WolbertinCo-founder, CEOHe previously served as head of revenue at Hologram.com, where he contributed to building the company to $20M ARR and closing a $65M Series B, and earlier developed embedded car computing technology for autonomous vehicles.
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Reuben BalikinCo-Founder, CTOHe previously served as the first engineer at Hologram.com, where he worked on enterprise telecom integrations.
QC
Q Carlsonin𝕏Co-founder, Chief Product & Design Officer2023–2026Q Carlson co-founded The New Money Company, where he serves as Chief Product Officer. He previously led design efforts at Flexport, an early team member during the company's Y Combinator W14 batch, and held design roles at Quizlet, Hologram, and project44.
Investors · 1
Competitors · 3
by search overlap
Allbusiness6 shared keywordsAllBusiness publishes articles and guides on entrepreneurship, small business, and startup topics, including advice on business ideas, AI tools, and side hustles. The site serves aspiring entrepreneurs and small business owners with online business content.
MoneyLion5 shared keywordsMoneyLion is a financial technology company offering consumer banking products including spend accounts, savings accounts with variable APY, a debit Mastercard with cash back rewards, and a membership plan with added services and insurance benefits. It provides a marketplace connecting users to third-party financial products, with banking services provided by Pathward, National Association.
Avvo5 shared keywordsSeattle-based online legal marketplace with lawyer ratings, reviews and Q&A, acquired by Internet Brands in 2018.
Companies competing with The New Money Company for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does The New Money Company do?
- New Money Company provides trade credit underwriting and accounts receivable management for B2B suppliers, enabling them to extend payment terms to buyers without credit risk. The platform combines instant customer underwriting, credit lines, order management, invoicing, and integrated financing for distributors, manufacturers, and logistics operators.
- Who founded The New Money Company?
- The New Money Company was founded by Derrick Wolbert, Reuben Balik, Q Carlson in 2023.
- Who are The New Money Company's investors?
- The New Money Company's investors include Y Combinator.
- Where is The New Money Company headquartered?
- The New Money Company is headquartered in San Francisco, US.