2020 Startups to Watch: Destiny drops into debt-laden users’ lives as startup’s dominoes fall

January 22, 2020  |  Anna Turnbull

Jerry Workman and Parker Graham, Destiny

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.

10) Destiny

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.

Startups to Watch in 2020

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

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2020 Startups to Watch

    stats here

    Related Posts on Startland News

    Venues Made Simple vows to marry transparency with streamlined wedding planning tech

    By Tommy Felts | September 5, 2023

    Jeff and Jessie Pavalone didn’t intend to plan their wedding during a pandemic.  The Kansas City couple is introducing technology to the wedding industry with their new Airbnb-style venue management system, meant to simplify wedding planning for both couples and event spaces. Click here to explore their Digital Sandbox KC-backed startup, Venues Made Simple. The…

    Family serves tender tradition at Kitty’s Cafe with KC’s most famous pork sandwich

    By Tommy Felts | September 5, 2023

    Nestled along 31st Street between Kansas City’s Midtown and east side neighborhoods, Kitty’s Cafe has become a cherished symbol of timeless comfort recipes and enduring family heritage, said Jenna Soulivong. It’s word-of-mouth popularity spread largely from Kitty’s pork tenderloin sandwich — a menu item that that earned the restaurant recognition from The New York Times…

    Headline-grabbing entrepreneurs join ScaleUP! KC on their way to ‘that next tier’

    By Tommy Felts | September 4, 2023

    Twenty of Kansas City’s most promising young companies — including the KC Chamber’s “Emerging Business of the Year” — are among the latest cohort of ScaleUP! Kansas City, the metro’s longest running program for growth-minded entrepreneurs with scaling businesses. ScaleUP! Kansas City companies receive coaching, perspective and connections to scale, create new jobs, open new…

    Kansas City startup among leading fintech finalists in NXTSTAGE competition

    By Tommy Felts | September 4, 2023

    An AI-infused startup led by Kansas City serial founder Jannae Gammage is poised to compete against seven other finalists in this fall’s NXTSTAGE innovation showcase in Wichita. Foresight — a fintech platform that aims to open funding opportunities for underserved borrowers by assessing credit risk, fraud and biases — was selected as finalist for the…