We look for technologies that help disperse financial services outside of traditional means, for the purpose of financial inclusion. Upsie fits well because it seeks to combat the surprisingly predatory practice of warranty sales.
We’ve all been there before: we buy a new appliance or electronic, and the cashier kindly asks if we would like to purchase an extended warranty. It sounds like a great deal, just pay a little more and any problems we encounter are solved! Unfortunately, what that cashier doesn’t tell us is that we have options.
That is where Upsie makes a huge difference. The company is committed to making this process simple and empowering its users to shop based on price. For example, if you buy a gaming console the warranty you can buy from the cashier will be nearly 400% higher than a similar warranty from Upsie. That’s right, 400% higher for the same coverage.
We made an equity investment into Upsie through the Village Capital FinTech 2016 cohort. Our investment came alongside other investors and funded their go-to-market strategy. This investment fits our initiative to promote financial inclusion by creating an innovative way to alleviate debt and improve access to better credit-based financial products.
Our vision is to impact the world by providing capital to the best organizations. If you have a project or idea you’d like to discuss with us then please send us information about your business to review.1155 S Shelby St. Louisvill, KY 40203