This business provides financial forecasting tools for independent workers

3 Jun 2024 · 1 min

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In a rapid 60‑second pitch, a founder presents Balance, a startup that offers a calendar‑based cash‑flow forecasting tool tailored for the 74 million gig‑economy workers who face irregular income. The founder outlines the problem—gig workers lack financial products that accommodate uneven earnings—and proposes a solution that lets users predict finances based on their shifting schedules. The revenue model relies on fees from partner financial products delivered within the app. An investment of $100,000 would be used for fast product iteration to increase user stickiness and to secure early financial‑partner integrations. The investor, Vinny, gives a “go,” signaling confidence in the market trend.

This founder is trying to convince this investor to take a follow-up meeting and invest $100,000 in her business. You have 60 seconds. You ready to do this?
I'm ready.
What is the name of your business?
Balance.
What is your business in one sentence?
Financial forecasting for the variable income worker.
What is the problem that you're solving?
Most of our 74 million gig workers struggle to match uneven income with expenses, and our financial institutions, who've largely neglected this group for the last 200 years, fail to offer suitable help.
What's your specific solution?
We offer a calendar-based cash flow calculator that helps our gig workers predict their finances based on their ever-changing schedules.
How do you make money?
We'll make money on fees from partner products served in apps.
If Vinny was to invest $100,000 in your business, how would you spend the money?
Rapid iteration to get to sticky with as many users as possible, as well as forge our first and early partnerships with financial partners.
It is time. Vinny, is this a go or a no-go? It's a go.
Great founder grit demonstration, but this trend is one of the best trends you can back.
It is a go.