Charlotte Angel Connection Episode 054: Founders of Credpal and Invoira – Class 8 members of QC Fintech Accelerator

Charlotte Angel Connection

For this episode of the Charlotte Angel Connection, we continued our interview with two of the founders of Credpal (they have 4) and one of the founders with Invoiro (they have 2). In keeping with tradition, the first episode is primarily dedicated to their companies and the second episode will target their experiences thus far (about 1/2 way into the program at the time of the recording). These two companies are part of the QC Fintech Accelerator Program Class 8 – a world class accelerator program. As a reminder, you can come see these two companies and their classmates on June 13 at the Fintech Generations conference at AvidExchange. It will be an awesome event and would love to see you out there. In this episode we tackle some of the following questions: How did you find QC Fintech? What was the process like for finding it? I found it interesting they were both very quick to credit (www.f6s.com). What were you looking for out of an accelerator program? What’s been the most surprising thing so far about the program – positive or negative? How do they process the feedback they get from the advisors and mentors associated with QC Fintech and use it to propel the business forward to their next board meeting (they have board meetings every two weeks during the program)? What has QC Fintech done for you so far? Has it caused them to pivot their original business, focus further, or something else? Are they currently raising money? What do they do in the interim while they raise money? How do they stay afloat? What are the potential exit strategies for both companies and at what point do they start thinking about the exit? Come back next week and listen to Keith Leudeman in the first of two podcasts. As many of you know, Keith started GoodMortgage in 1998 and sold it back in 2016. After staying on board for two years, Keith started to become VERY active in the startup space in Charlotte in March 2018. For our first interview, I wanted to explore Keith’s journey with GoodMortgage – he never took investor money – and then in Part II we talk about the Charlotte startup scene in ways we have yet done. They are both worth the wait. William Bissett is an Investment Advisor Representative with Secrest Blakey & Associates, a Registered Investment Adviser. Opinions expressed on this program do not necessarily reflect those of Secrest Blakey & Associates. The topics discussed and opinions given are not intended to address the specific needs of any listener. Secrest Blakey & Associates does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance. Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under the Securities Act, and a Qualified Purchaser as defined in Section 2(a)(51)(A) under the Company Act or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.