Flowbo
Flowbo, formerly known as Flowbo Inc., is a fintech company specializing in consumer finance, providing innovative financing solutions to online businesses and creators. Based in Los Angeles and Seoul, the company is part of the Y Combinator S21 batch.
Company Overview
Flowbo, previously known as Flowbo Inc., is a fintech company operating in the Consumer Finance sub-industry. Headquartered in Los Angeles, CA, USA, and Seoul, South Korea, Flowbo supports online revenue-generating companies, including creators and eCommerce businesses. Flowbo's platform removes financial barriers to growth by employing a revenue share model for the repayment of all funding. The company is part of the Y Combinator S21 batch and is currently running a private beta program.
Services
Flowbo provides financing solutions to online revenue-generating companies. The platform leverages innovative methods such as packaging receivables into investable products, similar to factoring, to help creators raise money. The unique revenue share repayment model ensures a win-win situation for both the platform and the creators. These services aim to unlock the full potential of the businesses by alleviating financial constraints.
Locations
Flowbo operates from two primary locations: Los Angeles, CA, USA, and Seoul, South Korea. This geographic distribution enables the company to serve a diverse range of regions including the United States of America, Canada, East Asia, as well as remote and partly remote regions. The dual-location strategy helps Flowbo tap into different market dynamics and leverage cross-continental expertise.
Y Combinator S21 Batch
Flowbo is a notable member of the Y Combinator S21 batch. Y Combinator is a well-regarded startup accelerator, and being part of its S21 batch underscores Flowbo’s potential and innovation in the fintech space. This association with Y Combinator provides Flowbo with access to crucial mentorship, funding opportunities, and a network of influential startup ecosystem players.
Backers and Investors
Flowbo is backed by experienced and trusted investors, including Jonas Templstein, co-founder of the digital banking startup Monzo, HOF Capital, and Unshackled Ventures. This backing from seasoned industry players offers Flowbo significant credibility and access to substantial expertise and resources, aiding in the company’s growth and scaling efforts.