Hypercore
Hypercore, based in Tel Aviv-Yafo, Israel, is a fintech company specializing in loan management software for small lenders, aiming to revolutionize private lending with advanced data management and security features.
Locations
Hypercore operates out of Tel Aviv-Yafo, in the Tel Aviv District of Israel. Additionally, the company maintains a presence across various regions, including Israel, the Middle East and North Africa, and engages in both remote and partly remote work arrangements.
Industry and Sub-industry
Hypercore is situated in the fintech industry, with a specific focus on the credit and lending sub-industry. The company targets small lenders, providing them with specialized loan management software and analytical tools. Their solutions are tailored for commercial real estate, private debt, and venture debt, aiming to transform traditional, Excel-based loan management systems.
Y-Combinator and Funding
Hypercore is a part of the Y Combinator S21 batch. The company has been running paid pilots since June, generating $3.5K in Monthly Recurring Revenue (MRR) and securing a Letter of Intent (LOI) that promises an additional $1.5K MRR. Additionally, Hypercore receives support from both Y Combinator and at.inc.
Loan Management Software
Hypercore offers loan management software aimed at small lenders. Their platform supports real-time analytics and key performance indicators (KPIs) to manage loan portfolios effectively. It also includes features for funding sources management, reporting, and strategic decision-making. Custom report generation and process automation are some of the software's capabilities.
Data Security and Privacy
Hypercore is committed to data privacy and security, utilizing Amazon Web Services (AWS) for their hosting and infrastructure needs. They employ robust security measures including role-based access controls, multi-factor authentication, and data encryption using TLS 1.2 for data in transit and 256-bit AES for data at rest. The company is in the process of obtaining a SOC 2 Type 2 certificate. Additionally, they conduct automatic 7-day backups and offer a 72-hour backtrack on relevant systems.