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
Innovation index: Cross-newsroom startup data partnership puts Kansas City on the map
Finding relevant, actionable information on innovation happening in one’s own backyard can be tough, said Christopher Wink, announcing Kansas City’s inclusion within a new resource for navigating innovation communities. “Every metro region, every state has some website or page — ‘This is where you start if you’re going to join the KC tech community or…
This duo plans to takedown one of female wrestlers’ most ‘mortifying’ foes: the wrong kind of exposure
Two women-owned Kansas businesses are teaming up to ensure that female wrestlers don’t get pinned by a wardrobe malfunction mid-match, shared Deb North and Frankie Elder-Reedy. It’s a pairing that shows for these sole sisters, entrepreneurship is more than an individual sport. Topeka-based Yes! Athletics is going to the mat with the Apex high-impact sports…
Entrepreneur featured on Hallmark show finds identity beyond motherhood (with help from Connie Britton and her own KC Team Mom)
When Kansas City’s Rochelle Owens answered a message from Hallmark, she had no idea it would launch her into the national spotlight — or transform her life as a single mother and aspiring entrepreneur. Owens is the featured mom in Monday’s episode of The Motherhood, Hallmark’s new reality series created and hosted by actress Connie…
Four role models selected for Hall of Fame as Junior Achievement celebrates 25 years of business honors
A fresh round of Hall of Fame laureates celebrates Kansas City’s living legacy of visionary leaders who drive business excellence, innovation and community impact, said Megan Sturges, announcing a range of honorees from tech to tender chicken. “The JA Business Hall of Fame celebrates more than business success — it honors the spirit of leadership…