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
Documentaries with KC ties set for FilmFest screens: Here’s when you can see these gripping films in local theaters
Streaming services might have become the standard since the COVID-19 pandemic drove more people to entertain themselves from home, but filmmakers and film enthusiasts are encouraging the community to gather at theaters for the 27th annual Kansas City FilmFest International. “What’s so great about film festivals is that you’re able to see these films months…
Hope starts at home: Economic mobility, inclusion hinge on realities of identity, panel says
Editor’s note: The Junior League of Kansas City — through its C3KC conference — is an advertiser with Startland News. An important step in bridging the wealth gap and building equity is meeting people at their level of readiness, Terrell Jolly shared. “Because if you do not, they will inconvenience you in some kind of way and that’s the sad…
Devoured Pizza rising into brick-and-mortar space with elevated concept, revenue sharing campaign
Devoured Pizza is on a mission to change the way people eat pizza in Kansas City, Jhy Coulter said, and the community has the opportunity to get involved now more than ever. “Food in Kansas City is evolving. It’s getting better and better, and I want to be part of that. Pizza is this canvas…
‘Return of the Shihan’ live screening just a teaser, says filmmaker who wants KC to build its own Hollywood
Kansas City’s “first superhero” is set to debut on the big screen for a live audience Saturday evening at the Gem Theater — the first installment of a planned “Return of the Shihan” TV series from local filmmaker Victor Wilson, Jr. Wilson — better known to many by his alter ego “Pudgy PoKCettz” — created…