Iterative Ventures
450 Townsend Street Suite 100, San Francisco, California, 94107, United States
Overview
Our mission is to build a community supporting founders with networking, hiring, and new opportunities.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Investment portfolio
- Boost Capital
Participated · Seed · Aug 2023
Boost Capital provides a chat-based bank client onboarding platform that interviews customers through chatbots, performs digital KYC and credit scoring, and facilitates automated loan applications, underwriting, contracting, and credit checks. Its technology bridges informal channels used by emerging-market customers (like chat) and the formal risk requirements of financial service providers. The platform supports collateralized and uncollateralized loans and can serve clients with salary or business income without requiring an app download. Founded in 2018 by Gordon Peters and Lucinda Revell and incorporated as Boost Capital PTE. LTD., the company targets microfinance institutions and banks seeking cheaper, faster digital onboarding. Boost plans to use new funding to pursue market expansion, grow its product team, and initiate partnerships with new banks. The company raised a $2.5M seed round in August 2023 to support those efforts.
- Friz
Participated · Seed · Oct 2021
Friz, launched in April 2020, is a neobank focused on freelancers and knowledge‑economy workers. It uses data insights to provide tailored financial products including customised debit cards, credit cards, personal loans, insurance, savings, and investment products. The app lets freelancers track earnings, spending, savings, and borrowings in one place. Friz says it has achieved 500% month‑over‑month growth since launch and reports organic adoption among digital marketers, content creators, programmers, accountants, and attorneys. The company positions itself as addressing gaps in traditional consumer banking that exclude many non‑salaried freelancers. Friz intends to build its neobank in collaboration with partners such as Matchmove, Mastercard, and Funding Societies.
Team
Richard Chen
Founder
LinkedIn