December 3, 2022



Pitch Deck Gen Z Non-public-Finance App Uprise Used to Lift Pre-Seed

  • Uprise is a personal-finance app that is helping Gen Z execs optimize their finances.
  • Uprise presents custom designed tips for financial products and is helping shoppers maximize benefits.
  • See the pitch deck its cofounders used to spice up $1.4 million in pre-seed investment.

Jessica Chen Riolfi saved taking note of the equivalent worry from shoppers during her time at financial-technology companies targeted on non-public finance: “I have no idea what I’m doing.”

Whether or not or now not they’ve been weighing what stocks to make a choice on Robinhood or seeking to interrupt out of residing paycheck to paycheck using Earnin, an earned-wage access startup, Chen Riolfi found out shoppers most often struggled to understand how greatest to save some, spend, and invest.

In her latest serve as, Chen Riolfi hopes to finally lend a hand shoppers conquer their doubts and confusion for the reason that cofounder and CEO of Uprise, a unfastened financial-coaching app that targets to hold an offering every so often limited to over the top


folks to a much wider audience. 

“What we’re setting up at Uprise is mainly seeing ourselves as democratizing access to personal family puts of labor,” Chen Riolfi suggested Insider. “There’s somebody in the marketplace protective a watch fastened out and optimizing your finances. Serving to oldsters sleep upper at evening time — this is if truth be told the feeling that we’re attempting to impart.”

Uprise presented a $1.4 million pre-seed investment round July 11, with backing from buyers along side Reverse Capital, Hustle Fund, On Deck, and Dash Fund. The round moreover accommodates participation from angels like SoFi cofounder Dan Macklin, Edward Kim, cofounder of payroll and HR tool program company Gusto, and Nick Hungerford, founder of Nutmeg, a Eu



company that used to be bought by way of JPMorgan in 2021.

Uprise is helping shoppers steer clear of leaving money at the table

Once an individual stocks their data with Uprise, the app recommends financial products to greatest optimize their explicit financial scenario, along side saving for retirement, paying off debt, and making an investment. Tips can range from the right kind sum of money to take care of in a bank account to the very best

high-yield economic financial savings accounts

for emergency finances.

One key difference between Uprise and other personal-finance possible choices is its advice on how you’ll navigate employee benefits, on account of cofounder Chris Goodmacher’s experience at human-resources startup Justworks, where he used to be the company’s 2d employee.

“I spotted all that money being left at the table,” he discussed of staff who struggled to maximize their corporate benefits like 401k suits and stock-purchase plans. Uprise moreover doesn’t require shoppers to have a minimum account steadiness or internet worth.

Uprise says its tips are 90% computerized, alternatively always include a manual evaluate and recommendations from a financial consultant. The company has a certified financial planner on staff to lend a hand craft plans and recommendations for patrons and plans to briefly turn out to be a registered investment consultant to be able to supply investment advice to shoppers.

Uprise’s very important source of revenue is in this day and age associate partnerships from products which may well be recommended to shoppers. While its suppliers are in this day and age unfastened to use, the startup is considering rising a top rate club tier that can allow shoppers additional one-on-one access to their assigned financial consultant and further not unusual account tracking and check-ins. It is usually considering partnerships that can allow shoppers to access distinctive interest rates and investment possible choices by the use of partners.

Call for for suppliers like Uprise’s has jumped as marketplace fears mount

As markets continue to stoop and fears of a


swirl, Chen Riolfi says that call for for Uprise’s product has only grown, in particular a few of the many platform’s purpose demographic of unmarried, more youthful execs. For the duration of the month of May, the app’s waitlist grew 33% to over 7,000 shoppers. 

Chen Riolfi discussed that all through the ultimate six weeks, Uprise has observed a “basic shift” inside the goals and problems of consumers onboarding onto the platform. Instead of aiming to optimize their finances and looking within the path of longer-term goals, shoppers in this day and age are way more concerned with managing their provide risk and navigating up-and-down markets

“For us, plenty of our rationale spherical raising and speeding up is to be able to lend a hand additional other people with their questions right kind now, when that need is so salient,” she discussed.

While helping shoppers navigate a difficult period is fundamental of ideas for Uprise’s founders right kind now, they hope that regardless of the state of the economic device, they may additionally lend a hand additional shoppers demystify their finances and ruin down stodgy stereotypes about wealth management. 

“The recognition of that can be very so much a person in a suit at the back of a mahogany table — does now not understand crypto, does now not understand what they’re going by the use of,” Chen Riolfi discussed. “I believe plenty of what differentiates us too is that we get it, and we’ve been there now not that long ago.”

Be informed the 14-page pitch deck Uprise used to spice up its pre-seed round.