The New Money Company

Invoicing that pays you even if your buyer doesn’t

Y CombinatorWinter 2024ActiveFintechPaymentsFintechPaymentsB2BInsurance

What they do

Problem

Businesses face cash flow and growth constraints due to the risk of buyers not paying invoices, especially in new markets or industries.

Solution

The company provides invoice insurance that protects receivables and pays the seller even if the buyer defaults.

Who it's for

Businesses selling on invoice terms, particularly those expanding to new buyers or markets.

Founders

Derrick Wolbert

Founder

CEO at The New Money Company. Previously built Hologram.com from zero to $20M ARR and closed a $65M Series B as head of revenue. In a previous life, Derrick built the embedded car computing platform used in Waymo vehicles.

Reuben Balik

Founder

Reuben is the CTO and co-founder of The New Money Company. Previously, he worked on the most difficult enterprise telecom integrations as the first engineer (and first employee) at Hologram.com.