InterPrime
InterPrime, formerly known as Save Simply Advisors, is a B2B finance and accounting firm based in Menlo Park, CA, offering automated treasury management and investment services primarily to startups.
Company Overview
InterPrime, previously known as Save Simply Advisors, operates out of Menlo Park, CA, USA. The company has a team of three members and is part of the B2B sector, specifically within finance and accounting. InterPrime has established itself in the United States and caters to clients in America and Canada, with operations that are partly remote.
Y-Combinator and Partnerships
InterPrime was part of the Y-Combinator W19 batch. They have since joined forces with Rho to launch the Rho Prime Treasury service. InterPrime's assets are custodied with reputable brokers such as Interactive Brokers and Charles Schwab, ensuring that assets are insured up to $30 million. This collaboration enhances the range of services they can offer to business clients.
Standard Investment Policy for Startups (SIPS)
InterPrime has introduced the Standard Investment Policy for Startups (SIPS) to help startups invest safely and responsibly. SIPS is supported by entities such as Tribe Capital, Morrison & Foerster, NoMo Ventures, Pioneer Fund, and Early Growth. It offers two configurations: SIPS Basic, which is a U.S. Treasuries-only policy, and SIPS Advanced, which includes U.S. Treasuries, U.S. Bank CDs, and Investment-Grade Corporate Bonds.
Automated Treasury Management
InterPrime provides automated treasury management services, enabling businesses to manage their finances akin to Fortune 500 companies. The company offers full transparency with comprehensive visibility into the assets owned. Clients have access to their money without penalties or fees within one business day and can earn a market rate of return while ensuring safety and liquidity.
Media Recognition and Resources
InterPrime has been featured in reputable media outlets, including The New York Times and TechCrunch. They also offer a blog that provides valuable insights on cash management, investing, and running a startup. Additionally, InterPrime provides a cash calculator tool on their website to help businesses project their finances into the future.