Portfolio Welcome: Acceleron Bank
Acceleron Bank is riding a wave of innovation that brings game-changing tech to credit unions and community banks, an underserved market that plays a critical role in the U.S. economy. No wonder then that we are thrilled to welcome this amazing company into the 2024 Revup Portfolio.
With their lead products, Acceleron offers a foreign exchange (FX) technology that enables small banks and credit unions to process foreign wires for their customers. Currently, these banks must outsource this service to larger banks, which makes the transaction slow for the end customer, as well as unprofitable for the community bank or credit union.
With Acceleron's technology, small banks now efficiently provide FX services at competitive rates. Rather than lose money on them, they make a profit. Because Acceleron tools sit directly on the existing operating systems that these organizations use, Acceleron customers access all of the platform’s benefits without the cost and time-drain of a custom build-out.
We love this company’s focus on smaller banks and credit unions, the financial backbone of the U.S. small business economy. While large banks dominate the headlines (and the top end of the market), small businesses continue to choose smaller institutions for their business banking needs, and for good reason! Until recently, these institutions have been priced out of earlier waves of fintech innovation, curtailing the ways they can pass the benefits on to the businesses they serve. It’s great to see that changing so rapidly with innovators like Acceleron leading the charge!
We are thrilled to welcome Acceleron into the RevUp family and be a small part of the next leg of the company’s journey! Stay tuned for updates!
More About RevUp Capital
RevUp Capital invests in B2B and B2C companies that are revenue-driven and ready to double down on growth. We deploy cash and capacity to help companies grow from $1-3M to $10-30M, quickly and efficiently, using a revenue-based model. Companies enter our portfolio with $500K-$3M in revenue, a strong growth rate, and a team that’s ready to scale. Our typical investment range is $300K-$500K.
We invest into a company's market-facing activity using a cash and capacity model. We pair our cash investment with dedicated support from the RevUp Growth Platform: a powerful resource to build a data-driven growth engine, delivered by people who get the work done. Rather than take equity, companies return investment through a small percentage of revenue over time. More at www.revupfund.com