Modernbanc
Modernbanc, formerly known as Milly Works, is a San Francisco-based fintech company offering a unified platform for accounting and payments, catering primarily to developers.
Company History
Modernbanc, formerly known as Milly Works, officially launched on September 26, 2021. The company was part of the Y Combinator W20 batch, which signifies its roots in one of the most prestigious startup accelerators. Initially known as Milly Works, the company rebranded to Modernbanc to better align with its mission and industry.
Services
Modernbanc offers a comprehensive platform that integrates accounting and payment management into one solution. This service is particularly designed to simplify financial operations for businesses by consolidating disparate financial tasks. The platform is especially beneficial for developers who seek to build financial infrastructure within their applications.
Industry and Sub-Industry
Modernbanc operates within the Fintech industry, specifically focusing on financial technology solutions. By offering a platform that combines accounting and payments, Modernbanc addresses a critical need in the industry for integrated financial solutions. This positions the company within the sub-industry dedicated to innovative financial technology for developers and businesses.
Team and Locations
Modernbanc is based in San Francisco, CA, USA, and consists of a small but dedicated team of six members. Despite its size, the team offers robust services across the United States of America and Canada. Additionally, the company's operations are flexible, providing both remote and partly remote work options to cater to a diverse clientele.
Y Combinator W20 Batch
Modernbanc was part of the Y Combinator W20 cohort, which provided the company with essential early-stage support and resources. Participation in Y Combinator's W20 batch underscores the company's potential and its commitment to innovation within the Fintech sector.