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About Wisetack
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$124.9M
Headquarters
San Francisco, California
Founded
2018
Overview
Wisetack operates in the financial services sector, focusing on consumer lending by providing businesses with a platform to offer real-time financing options at the point of sale. This enables customers to make purchases and pay over time, while businesses receive payment upfront, reducing the risk of late or missed payments. The primary clients are businesses across various industries, such as plumbing, electrical services, and auto detailing, which require upfront payment for their services or products. Wisetack integrates its technology directly with the business software of its clients, allowing customers to apply for financing quickly and securely without the business needing to manage sensitive information. This model benefits both parties: businesses get paid immediately, and customers enjoy a clear and friendly payment option. Wisetack generates revenue by charging businesses a fee, typically a percentage of the transaction amount, for using its platform.
Simplify's Take
What believers are saying
- Wisetack benefits from the growing demand for embedded finance solutions.
- Partnerships with platforms like JobNimbus expand Wisetack's market reach.
- The rise of BNPL services aligns with Wisetack's pay-over-time solutions.
What critics are saying
- Increased competition from platforms like YouLend could erode market share.
- Economic uncertainty may reduce consumer spending on non-essential services.
- Regulatory scrutiny on consumer lending could increase compliance costs.
What makes Wisetack unique
- Wisetack integrates financing options directly into existing business software platforms.
- The company offers real-time financing at the point of sale for consumers.
- Wisetack's model ensures businesses receive upfront payments, reducing financial risk.
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Funding
Total Funding
$124.9M
Above
Industry Average
Funded Over
6 Rounds
Insight Partners
Greylock PartnersBenefits
Remote Work Options
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↓ -1%That's why Family Home Plumbing has partnered with Wisetack to offer affordable financing options to homeowners in Monterey Bay, Carmel, Pacific Grove, Seaside, Marina, Salinas, and Pebble Beach - so you can get the plumbing solutions you need without financial strain.
Trinity Capital has committed $25 million in growth capital to Wisetack, a pay-over-time platform for home services. This funding will help Wisetack scale operations and support growth initiatives. Ryan Thompson of Trinity Capital praised Wisetack's growth and integration capabilities, while Wisetack CEO Bobby Tzekin expressed excitement about the partnership to accelerate growth in the home services market.
Contractor Accelerator, the number one app for residential contractor drawing and bidding, has teamed up with Wisetack, the leading pay-over-time platform for in-person services, to offer a game-changing solution.
Environmental Pest Management LLC has partnered with Wisetack to offer its customers flexible financing options, so you can pay over time rather than all at once.
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
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About Wisetack
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$124.9M
Headquarters
San Francisco, California
Founded
2018
Wisetack is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today