Wharton Fintech
3620 Walnut St, Philadelphia, Pennsylvania, 19104, United States
Overview
We are committed to education, career development and idea promotion by connecting innovative, established, disruptive and proven FinTech enterprises with students and industry professionals. Education Expose members to emerging technologies and concepts through club-generated content, workshops, information sessions, meetups, conferences and events. Career Development Build and grow relationships with FinTech companies to deliver internships and full time employment for students. Idea Promotion Establish Wharton and the University of Pennsylvania as the FinTech Industry Leader for ideas, growth and opportunity.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Association
- Finance
- Financial Services
- FinTech
Investment portfolio
- Arrenda
Participated · Seed · Jul 2022
Arrenda offers revenue-based financing to landlords through its Adelanta product, which advances up to a year of future lease receivables in 24 hours using proprietary underwriting technology. The company began in 2021 as ViveFácil, pivoted to credit and rebranded to Arrenda in 2022, and is based in Mexico City. It is pre-revenue, has an 18-person team (growing at roughly two hires per month), and a 900-person waitlist. Arrenda signs financing contracts from $250 to $10,000 per month with an average advance of about $12,000 over 10 months. Management plans to use the debt portion of the new funding to issue loans and the equity to hire additional staff, expand into more Mexican metropolitan hubs, establish distribution channels with industry groups, move into commercial real estate financing, and roll out tenant products such as rent-now-pay-later.
Team
Daniel Mcauley
Co-Founder
LinkedIn