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The New Money Company
YC W24San Francisco, US · Founded 2023 · 4 employees · 3 known investors
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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 Workparty, Inc. · Fermata · Numo · Workparty · Workparty, Fermata, Numo
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 WolbertCo-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.
RB
Reuben BalikCo-Founder, CTOHe previously served as the first engineer at Hologram.com, where he worked on enterprise telecom integrations.
QC
Q CarlsonCo-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 · 3
Olive Hill Ventureslisted by Olive Hill Ventures
How we know: Olive Hill Ventures's portfolio page · Not right? Tell us
Y Combinatorlisted by Y CombinatorSan Francisco · $500K
How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us
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Legal entities · 1
corporate structureWorkparty, Inc.
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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 Olive Hill Ventures, Y Combinator, Good Growth Capital.
- Where is The New Money Company headquartered?
- The New Money Company is headquartered in San Francisco, US.