2 SaaS Startups in the Personal Finance Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Personal Finance industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Personal Finance industry.

Blockpit GmbH

A cross-platform monitoring tool created by Blockpit is aimed at both businesses and individual cryptocurrency traders. This makes it possible to calculate taxable cryptocurrency revenue in a straightforward manner and for tax advisers to accept the tax return. Taxes on gains are frequently unknown to cryptocurrency traders. It is challenging to maintain track of the individual deals while trading often. This is mostly due to the need that every transaction, including those using cryptocurrency, be assessed as a taxable event. It will be challenging to offer a declaration or proof later if the tax office asks for it. Where Blockpit's software can be useful is in this situation. All sources of revenue are automatically logged and a clear log is produced by the monitoring platform. Each and every transaction is imported, ensuring daily record of every exchange. The customer also receives information on taxable earnings and speculating windows, as well as a summary of the evolution of his portfolio.

Company details:
Founders:
Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Magnus Berchtold, Mathias Maier, Patric Stadlbauer, Vladimir Tosovic
Founded:
2017
Based in:
Linz, Oberosterreich, Austria
Industries:
Accounting, Blockchain, Cryptocurrency, FinTech, Personal Finance, SaaS, Software
Latest funding:
$9,906,221
Series A
7 July 2021
Total funding:
$12,693,945
Investors
Fabric Ventures, Middlegame Ventures, European Super Angels Club, FiveT Fintech (formerly Avaloq Ventures), coinIX

Rivia Health

Rivia Health brings easeful efficiency to healthcare patient payments. We work with healthcare provider organizations to complement their revenue cycle operations and get them paid more while doing less. Rivia Health alleviates staff overwhelm by reducing manual tasks related to outstanding patient responsibility. Our communication and payment platform integrates with the practice management or RCM system to automate billing workflows like appointment and billing reminders, copay or pre-service payments, and payment plan setup. In addition to saving staff time, Rivia Health also improves financial results by communicating more dynamically to patients about balances across text and email and by making it easier for patients to pay across multiple payment methods with a 3-step, no login required process.

Company details:
Founders:
Harlow Burgess, Rachel Mertensmeyer
Founded:
2018
Based in:
Phoenix, Arizona, United States
Website:
Rivia Health
Industries:
Financial Services, Health Care, Medical, Mobile Apps, Mobile Payments, Payments, Personal Finance, SaaS, Software
Latest funding:
$1,700,000
Seed
1 January 2021
Total funding:
$3,875,000
Investors
Arizona Tech Investors

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