Hypercore

Hypercore's Overview

Hypercore, based in Tel Aviv-Yafo, Israel, operates in the fintech industry, specifically within the credit and lending sub-sector. The company, with a compact team of seven, is part of the Y Combinator Summer 2021 (S21) batch. Hypercore provides advanced loan management software tailored for small lenders, with features that include real-time analytics and key performance indicators (KPIs) to monitor loan portfolios. Their solutions are designed to replace traditional Excel-based methods, offering a centralized system for data management and strategic decision-making.

Hypercore's Services

Hypercore aims to transform private lending by offering a comprehensive platform for managing loans, funding sources, and reporting. Their software is tailored for commercial real estate, private debt, and venture debt sectors. Key features include real-time analytics, custom report generation, and automation of processes. The platform enables lenders to answer critical business questions concerning payments, risk exposure, profitability, and growth opportunities. Additionally, Hypercore allows the sharing of real-time reports with investors and partners, enhancing transparency and strategic decision-making.

Hypercore's Security and Compliance

Committed to data privacy and security, Hypercore leverages Amazon Web Services (AWS) for its hosting and infrastructure needs. They implement stringent security controls, including role-based access controls, multi-factor authentication, and encryption protocols such as TLS 1.2 for data in transit and 256-bit AES encryption for data at rest. The company also employs intrusion detection, vulnerability scanning, and automated 7-day backups with a 72-hour backtrack on relevant systems. Hypercore is in the process of obtaining a SOC 2 Type 2 certificate, which underscores their commitment to maintaining high standards of security and compliance.

Hypercore's Market and Growth

Since June, Hypercore has been running paid pilots, achieving a monthly recurring revenue (MRR) of $3.5K and securing one letter of intent (LOI) worth $1.5K MRR. Their market spans Israel, the Middle East and North Africa, and remote regions, showcasing their flexible and scalable approach. By offering a platform envisioned as the 'Nasdaq of private loan books' for securitizing loan books, Hypercore is poised to revolutionize the private lending market. Their innovative solutions eliminate the need for third-party software or data warehouses, providing a flexible data structure that adapts to the specific needs of lenders.

Hypercore's Technological Infrastructure

Hypercore's technological infrastructure is robust, leveraging AWS for both infrastructure and network security. They employ advanced security measures such as role-based access controls, multi-factor authentication, and encryption for data security. The company also utilizes intrusion detection systems and vulnerability scanning to safeguard their platform. Automated backups and backtrack capabilities ensure data integrity and availability. This technological foundation supports their goal of providing a reliable and secure loan management platform, enabling lenders to make informed strategic decisions without relying on disparate systems or third-party software.