Corl Financial Technologies is an artificially-intelligent platform that finances businesses in the digital economy and shares in their future revenue.

About Corl Financial Technologies

The Digital Economy is worth 3+ trillion dollars today, and yet, the majority of small businesses in this space don’t have access to growth capital because they don’t have tangible assets to collateralize. Corl has developed a financing platform that leverages data, automation, and machine learning to offer revenue-sharing financing to small businesses.

Using 10,000+ data points on a business, we are able to analyze businesses in under 24 hours, mitigate risk through our proprietary technology and product, and capture market share in this new asset class by earning a % of a business’ monthly gross revenue in exchange for capital.

Location: Toronto

Year Founded: 2017

Vertical: Capital markets / Decentralized Finance / Crowdfinance

Employees: 1- 10

Website: corl.io

Social Media:

Problem

In North America, there is a $1.15 Trillion funding deficit among SMEs. They can’t access debt from banks because they do not have tangible assets to collateralize. On the other hand, equity is expensive, due diligence cycles can typically last 3-9 months, and unless the business fits a “10x profile”, it won’t attract funding. What has caused this? Venture capital remains focused on fueling innovation in every industry except for their own, and banks are slow to adapt to change given internal culture. By leveraging data, new technologies, and digitizing the user experience, Corl is well-positioned to dominate the digital economy. We can change the way that small businesses raise capital through revenue sharing financing.

Milestones

  • Closed on a $2 million seed round to continue providing revenue sharing financing
  • Signed a SaaS contract with Northumberland Community Futures Development Corporation to be the sole technology provider to DELIA, providing fintech-driven loans and entrepreneurial acceleration to Women-owned and Women-led businesses across rural Eastern Ontario. Plan is to scale deployment of technology to all 267 offices across Canada.
  • Capital Union Bank, Grand Bahamas Central Credit Union and Finance and Development Corporation purchased a version of our risk model
  • Startup Pre-revenue 0% 0%
  • Startup Post-revenue $1 – $2M 100% 100%
  • Scaleup $2M – $10M 0% 0%
  • Scaleup $10M+ 0% 0%

Core Benefits

Corl has developed an online platform where businesses can apply for funding. The platform obtains authorized access to business data in real-time, including transaction-level accounting, banking, credit, payment, and social information, resulting in 10,000+ data points on each business -more than any startup investor and small business lender in the market. This data is analyzed using artificial intelligence to evaluate the investment quality of each business and generates analytics that can support the due diligence process. Post-investment, we receive monthly refreshed data from connections to assess capital spend and performance, getting in front of any potential issues by seeing information in real time.

The latest 12-month backtest of our AI investment algorithm generated an annualized IRR of 20% only from royalty payments (2x the venture capital average). By using technology to streamline information gathering, analysis, management, and servicing of investments, we can generate significant cost savings as well as identify high-value investments otherwise undetectable by human intelligence. The platform provides Corl with the benefit of scale by automating the onboarding and quantitative due diligence process of venture capital.

    Ideal Customers

    Businesses (B2B)

    Problem

    In North America, there is a $1.15 Trillion funding deficit among SMEs. They can’t access debt from banks because they do not have tangible assets to collateralize. On the other hand, equity is expensive, due diligence cycles can typically last 3-9 months, and unless the business fits a “10x profile”, it won’t attract funding. What has caused this? Venture capital remains focused on fueling innovation in every industry except for their own, and banks are slow to adapt to change given internal culture. By leveraging data, new technologies, and digitizing the user experience, Corl is well-positioned to dominate the digital economy. We can change the way that small businesses raise capital through revenue sharing financing.

    Core Benefits

    Corl has developed an online platform where businesses can apply for funding. The platform obtains authorized access to business data in real-time, including transaction-level accounting, banking, credit, payment, and social information, resulting in 10,000+ data points on each business -more than any startup investor and small business lender in the market. This data is analyzed using artificial intelligence to evaluate the investment quality of each business and generates analytics that can support the due diligence process. Post-investment, we receive monthly refreshed data from connections to assess capital spend and performance, getting in front of any potential issues by seeing information in real time.

    The latest 12-month backtest of our AI investment algorithm generated an annualized IRR of 20% only from royalty payments (2x the venture capital average). By using technology to streamline information gathering, analysis, management, and servicing of investments, we can generate significant cost savings as well as identify high-value investments otherwise undetectable by human intelligence. The platform provides Corl with the benefit of scale by automating the onboarding and quantitative due diligence process of venture capital.

      Ideal Customers

      Businesses (B2B)

      Milestones

      • Closed on a $2 million seed round to continue providing revenue sharing financing
      • Signed a SaaS contract with Northumberland Community Futures Development Corporation to be the sole technology provider to DELIA, providing fintech-driven loans and entrepreneurial acceleration to Women-owned and Women-led businesses across rural Eastern Ontario. Plan is to scale deployment of technology to all 267 offices across Canada.
      • Capital Union Bank, Grand Bahamas Central Credit Union and Finance and Development Corporation purchased a version of our risk model
      • Startup Pre-revenue 0% 0%
      • Startup Post-revenue $1 – $2M 100% 100%
      • Scaleup $2M – $10M 0% 0%
      • Scaleup $10M+ 0% 0%

      UPDATE: FFCON20 RESCHEDULED TO JULY 8-9 DUE TO CORONAVIRUS