Pitch Deck Gen Z Private-Finance App Uprise Used to Elevate Pre-Seed

Uprise is a personal-finance app that helps Gen Z professionals optimize their funds. Uprise affords…

  • Uprise is a personal-finance app that helps Gen Z professionals optimize their funds.
  • Uprise affords customized suggestions for monetary merchandise and helps customers maximize advantages.
  • See the pitch deck its cofounders used to boost $1.4 million in pre-seed funding.

Jessica Chen Riolfi stored listening to the identical concern from customers throughout her time at financial-technology corporations centered on private finance: “I do not know what I am doing.”

Whether or not they have been weighing what shares to select on Robinhood or trying to interrupt out of dwelling paycheck to paycheck utilizing Earnin, an earned-wage entry startup, Chen Riolfi discovered customers usually struggled to know how finest to avoid wasting, spend, and make investments.

In her newest function, Chen Riolfi hopes to lastly assist customers overcome their doubts and confusion because the cofounder and CEO of Uprise, a free financial-coaching app that goals to carry an providing sometimes restricted to excessive


net-worth

people to a wider viewers. 

“What we’re constructing at Uprise is basically seeing ourselves as democratizing entry to non-public household places of work,” Chen Riolfi instructed Insider. “There’s any individual on the market protecting an eye fixed out and optimizing your funds. Serving to folks sleep higher at night time — that is actually the sensation that we’re making an attempt to impart.”

Uprise introduced a $1.4 million pre-seed funding spherical July 11, with backing from traders together with Opposite Capital, Hustle Fund, On Deck, and Sprint Fund. The spherical additionally contains participation from angels like SoFi cofounder Dan Macklin, Edward Kim, cofounder of payroll and HR software program agency Gusto, and Nick Hungerford, founding father of Nutmeg, a European


robo-advisor

agency that was acquired by JPMorgan in 2021.

Uprise helps customers keep away from leaving cash on the desk

As soon as a person shares their information with Uprise, the app recommends monetary merchandise to finest optimize their particular monetary state of affairs, together with saving for retirement, paying off debt, and investing. Suggestions can vary from the proper amount of cash to maintain in a checking account to the perfect


high-yield financial savings accounts

for emergency funds.

One key distinction between Uprise and different personal-finance choices is its recommendation on how you can navigate worker advantages, because of cofounder Chris Goodmacher’s expertise at human-resources startup Justworks, the place he was the corporate’s second worker.

“I noticed all that cash being left on the desk,” he mentioned of workers who struggled to maximise their company advantages like 401k matches and stock-purchase plans. Uprise additionally doesn’t require customers to have a minimal account stability or web price.

Uprise says its suggestions are 90% automated, however all the time embrace a handbook overview and suggestions from a monetary advisor. The corporate has an authorized monetary planner on workers to assist craft plans and suggestions for customers and plans to quickly develop into a registered funding advisor to have the ability to provide funding recommendation to customers.

Uprise’s essential income is at the moment affiliate partnerships from merchandise which might be advisable to customers. Whereas its providers are at the moment free to make use of, the startup is contemplating growing a premium membership tier that may permit customers extra one-on-one entry to their assigned monetary advisor and extra common account monitoring and check-ins. It is also contemplating partnerships that may permit customers to entry unique rates of interest and funding alternatives by means of companions.

Demand for providers like Uprise’s has jumped as market fears mount

As markets proceed to hunch and fears of a


recession

swirl, Chen Riolfi says that demand for Uprise’s product has solely grown, particularly among the many platform’s goal demographic of single, younger professionals. In the course of the month of Could, the app’s waitlist grew 33% to over 7,000 customers. 

Chen Riolfi mentioned that during the last six weeks, Uprise has seen a “elementary shift” within the targets and issues of customers onboarding onto the platform. As a substitute of aiming to optimize their funds and searching in the direction of longer-term targets, customers at the moment are far more involved with managing their present danger and navigating up-and-down markets

“For us, a number of our rationale round elevating and dashing up is to have the ability to assist extra folks with their questions proper now, when that want is so salient,” she mentioned.

Whereas serving to customers navigate a troublesome interval is prime of thoughts for Uprise’s founders proper now, they hope that irrespective of the state of the financial system, they may also help extra customers demystify their funds and break down stodgy stereotypes about wealth administration. 

“The popularity of that may be very a lot an individual in a swimsuit behind a mahogany desk — does not perceive crypto, does not perceive what they are going by means of,” Chen Riolfi mentioned. “I feel a number of what differentiates us too is that we get it, and we have been there not that way back.”

Learn the 14-page pitch deck Uprise used to boost its pre-seed spherical.