Uprise, a wealth management app is improving the financial decision-making process of small businesses by adopting financial solutions that require an advisory basis while providing individual recommendations checked by AI.
Uprise has been developed to provide small businesses with accurate tools for better financial decision-making. More and more businesses launched in the U.S., have restricted their possibilities to endeavor the variety of financial instruments offered out there.
A target application Uprise incorporates into existing services, which the small businesses already use, including Rippling for Human Resources and Carry for taxes. The data specific to the business is processed within the platform using Artificial intelligence, thus the insights garnered are unique and can include the right retirement benefits for a company depending on its size as well as its geographic location.
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Although AI is behind the generation of recommendations, there is always the technological side of Uprise that ensures financial advisors review all the recommendations before presenting them to the business owners. This synergy of the technological-based firm and the human expertise gives a balanced and, therefore, trustworthy solution for small businesses.
Switch from Customer to Business Orientation:
Uprise was originally developed for people making personal financial choices. Nonetheless, after identifying the fact that the owners of small businesses require some assistance in managing their corporate as well as personal finances, the company successfully shifted its target to the people running small businesses.
Growth and Funding:
Uprise has closed a $3.3 million seed funding round led by Blank Ventures and with angel investors including SoFi co-founder Dan Macklin. The funding will also be used to launch Uprise’s full product and get onto more financial platforms.
Thus, the concept of Uprise is to integrate the financial advisory service into various apps used by small businesses. Its purpose is to be compatible with all the other financial instruments that businessmen apply to simplify their lives and bring their businesses to the success level they desire.
