nate is a mobile app that centralizes online shopping by enabling purchases from any e-commerce site via AI that navigates the web like a human. The app includes social features for inspiration and sharing, and the company emphasizes consumer privacy and that it does not charge merchants. nate recently launched its own pay-later solution and plans to expand its payment products, including an in-app wallet for rewards. The company is developing new social functions that will give creators cash back on purchases made from their lists to support creator monetization. nate says its user base has been doubling every six weeks and that users can buy from all 2.1 million online stores in the U.S., targeting a stated $500B addressable market within a $4T global e-commerce market. The app is available on the App Store and the company is headquartered in New York.

Total raised

$38M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2021