Powerlytics Company Research Report

Company Overview

• Name: Powerlytics

• Mission: To empower businesses to make better decisions by providing them with the best possible financial data, tools, and intelligence.

• Founded: 2011

• Founder: Kevin Sheetz

• Key People:

• Kevin Sheetz, CEO and Co-Founder

• Joe Godcharles, COO

• Leon Podolsky, CTO

• Narahara Chari Dingari, Chief Data and Analytics Officer

• Matt Reed, Chief Revenue Officer

• Headquarters: No information is available

• Number of employees: Plans to double its headcount (no specific number provided)

• Revenue: No information is available

• Known For: The most comprehensive, accurate, and granular consumer and business financial data available, underpinned by data from IRS tax returns, US Census, and the Department of Labor.

Products

• Products Offered:

• Risk Management

• Description: Provides certainty and accuracy in an uncertain world using the most complete picture of financial risk in the US.

• Key Features: Comprehensive understanding of potential outcomes and risks.

• Marketing

• Description: Finding audiences and powering campaigns with the most accurate market sizing and financial data.

• Key Features: Granular market data and insights for targeted campaigns.

• Predictive Analytics & Research

• Description: Delivers clarity and accuracy for powerful decision-making.

• Key Features: Data-backed predictions and insights to improve business outcomes.

• Income Verification

• Description: Zero-friction income verification for all US households.

• Key Features: Accurate income data for verification without customer discomfort.

• Investable Assets

• Description: Provides data on investable assets for all US households.

• Key Features: Comprehensive financial asset insights for better client service.

• Data Platform

• Description: Enhances decision-making through powerful data and algorithms.

• Key Features: Accessible via API, Data Cubes, and web-based tools.

Recent Developments

• Fundraising and Investments:

• Closed a fundraising round led by Curql Collective (Sep 6, 2024) to transform offerings for credit unions and wealth advisors.

• Raised $5.9 million with plans to double its headcount (Aug 29, 2024).

• Added to Curql Fund I portfolio companies (Aug 7, 2024).

• Product and Partnership Developments:

• No specific new products mentioned.

• Enhancement of partnerships with sectors like banks, insurance carriers, and wealth management firms for prospect targeting and risk decisioning.

• Platform Developments:

• Continued improvement of the data platform that ensures real-time access through API, personalized Data Cubes, and customized web-based tools.

This concise report captures the essence of Powerlytics, its offerings, and the recent strides it has made to innovate and expand within the financial data space.