2020 Startups to Watch: Destiny drops into debt-laden users’ lives as startup’s dominoes fall
January 22, 2020 | Anna Turnbull
Editor’s note: Startland News selected 10 Kansas City firms to spotlight for its annual Startups to Watch list. The following is one of 2020’s companies. Click here to view the full, ranked list of Startups to Watch.
The founders behind Destiny owe a debt to the platform’s early adopters, said Parker Graham, eager for the FinTech startup’s efforts to pay off.
Elevator pitch: Destiny helps financial institutions bridge the technology gap for their young and debt-laden customers through a personal financial management platform. Our solution increases customer engagement, retention, and uncovers unforeseen loan opportunities with the most valuable demographic in banking.
• Founders: Parker Graham, Jerry Workman, Joseph Krywicki
• Founding year: 2018
• Amount raised to date: $100,000
• Noteworthy investors: nbkc bank, Nex Cubed
• Programs completed: Fountain City Fintech accelerator, Nex Cubed Accelerator, Digital Sandbox KC recipient
• Current employee count: 4
“This is going to be a game-changing year and we are really excited,” said Graham, CEO of Destiny.
Over the past year, the company has been diligently correcting its software while heeding customers’ feedback on improvement implementations, he said ahead of the release of a completely overhauled user interface for early adopters.
“Current users are the reason we are where we are today. [Their feedback] molded [the app] into what they wanted and it made us take it to the next level,” Graham added, teasing next steps could shift the early-stage startup well into growth-stage territory in 2020.
“We are going to get our first big batch of enterprise-level customers. That is the biggest thing that we are looking forward to,” he said, noting the startup’s product is in place and ready for customers, likely to be secured during Destiny’s participation in the San Francisco, California-based, Nex Cubed accelerator.
“This is in a good spot to take off,” he said optimistic for the months ahead which are expected to include more funding and increased visibility, named one of Heartland Credit Association’s Top Five most innovative companies for Credit Unions.
“We really think it is going to be a growth-minded year … We were awarded a Digital Sandbox grant, which we are deploying to beef up our AI and data mining capabilities for our platform.”
And while Destiny doesn’t boast the sizeable funding of some Kansas City-based startups, it’s all about how a company uses its capital, Graham said, noting the startup’s financials are all but guaranteed to rise in 2020 — in addition to stabilizing revenue and the close of three deals with major U.S. customers.
“We think 2020 is the year when all the dominos fall for us. We have a lot of work to do, but we have the relationships in place to really make a large impact,” Graham said.
1) United American Hemp
2) Tesseract Ventures
3) ELIAS Animal Health
4) Healium
5) Fishtech
6) Draiver
7) Backstitch
8) Stenovate
9) Boddle Learning
10) Destiny
This story is possible thanks to support from the Ewing Marion Kauffman Foundation, a private, nonpartisan foundation that works together with communities in education and entrepreneurship to create uncommon solutions and empower people to shape their futures and be successful.
For more information, visit www.kauffman.org and connect at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn
Featured Business
2020 Startups to Watch
stats here
Related Posts on Startland News
Travois receives $35M in tax credits to boost economic development in Native communities
A fresh tranche of new markets tax credits is expected to help Crossroads-based Travois support the funding of projects in Native spaces, like school facilities and health clinics, said Phil Glynn. “New markets tax credits are an essential tool for filling funding gaps for projects in places with the greatest need,” said Glynn, president of…
Chef Ryan Edwards’ flame rises with new BBQ concept (in a familiar Lenexa space)
A new BBQ hotspot opened this week on Lackman Road, bringing a seasoned restauranteur’s latest concept — and the taste of distinctly Kansas City barbecue — back to his old grilling grounds. Sierra BBQ, a casual dining concept from chef-owner Ryan Edwards, debuted Tuesday in the former Johnson County space occupied by Edwards’ acclaimed Sierra…
Here’s how Kauffman’s five just-hired directors fit into the Foundation’s new impact- and research-heavy focus
A handful of newly announced directors at the Ewing Marion Kauffman Foundation are expected to help drive forward the influential philanthropic organization’s updated priorities and grantmaking strategy, said Dr. DeAngela Burns-Wallace, emphasizing an underlying theme for their work: prosperity for all. “These five new director positions welcome a combination of talent and commitment to our…
Startup newcomer no longer the outsider after capping $30K+ Pure Pitch Rally prize haul
A decade ago, Zik Nwanganga felt like a stranger in Kansas City, he said. Monday’s Pure Pitch Rally gave him a new perspective — surrounded by funders and startup supporters eager to boost his fledgling venture. “I’m just in shock — overwhelmed with joy and grateful for the community coming together,” Nwanganga said after tallying…