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WaiverElectronic offers a digital platform managing liability waivers, providing businesses an electronic solution. Its core product enables quick sign-ups and secure, paperless storage via app and web interface. Integrating an AI Waiver Assistant, online booking, and CRM, the system facilitates payment collection, appointment management, and data analytics, significantly enhancing operational efficiency.
WaiverElectronic was founded on the insight that businesses required secure, efficient, and paperless liability agreements, replacing traditional manual processes. While founder details and inception date remain private, the company developed its cloud-based solution. This innovation digitizes legal documentation, directly addressing operational burdens, and improving user experience and compliance for diverse industries.
Serving a diverse global clientele, WaiverElectronic supports startups and large enterprises in tourism, fitness, beauty, and event management. The platform assists businesses like RV rentals and gyms in streamlining legal compliance. Its vision focuses on delivering an all-in-one business solution, empowering seamless management of electronic waivers, online bookings, and customer relations, fostering operational excellence.
Waivr has raised $1.0M across 1 funding round.
Waivr has raised $1.0M in total across 1 funding round.
Waivr is a fintech startup founded in 2020 that builds payment infrastructure for subscription-based businesses, enabling real-time "pay by bank" recurring payments via RTP and Same-Day ACH networks to prevent overdrafts and failed transactions.[1][2][4] It serves subscription merchants by optimizing billing schedules based on users' real-time bank data, ensuring faster disbursements, lower failure rates, and cashback incentives, while charging a per-transaction fee.[1][2] After raising $100K initially (per CB Insights) or up to $1.4M in pre-seed funding from investors like Forum Ventures, Hustle Fund, Costanoa Ventures, and others, Waivr remains in pre-seed stage with early traction from pivoting off consumer data insights.[1][2]
Waivr was founded in 2020 in Los Angeles by entrepreneurs including Nucamendi, who drew from a failed prior venture—a consumer-facing payments app tracking real-time balances to avoid overdrafts.[2][1] That beta with 300 users provided transaction data revealing subscriptions as the primary overdraft culprit, prompting a pivot to B2B infrastructure for subscription services.[2] Early funding included $100K (last raised 4 years ago), with a reported $1.4M pre-seed round from Costanoa Ventures, NextView Ventures, CRV, Hustle Fund, and others, validating their data-driven focus on real-time payments.[1][2]
Waivr rides the subscription economy boom and shift to real-time payments, addressing $40B+ annual U.S. overdraft fees largely tied to recurring bills amid rising "pay by bank" adoption.[2] Timing aligns with RTP network expansion (not all banks connected yet) and merchant demand for reliable alternatives to card payments, which suffer high churn from failed subs.[1][2] It influences fintech by enabling subscription platforms to cut costs and boost retention, potentially accelerating open banking trends in a market favoring speed and data-driven billing.[1][4]
Waivr's emphasis on real-time safeguards positions it for growth as RTP adoption scales and subscription merchants prioritize failure-proof payments, potentially expanding to more networks or international markets.[2] Trends like embedded finance and AI-optimized billing will shape its path, with influence growing via partnerships if it secures Series A amid fintech funding recovery. From its data-fueled origins, Waivr exemplifies resilient pivots turning consumer pain into B2B infrastructure gold.[2][1]
Waivr has raised $1.0M in total across 1 funding round.
Waivr's investors include 20VC, 2.12 Angels, Adjacent, Adverb Ventures, Andreessen Horowitz, Basecamp Fund, Betaworks Ventures, BoxGroup, Chapter One Ventures, Contrary Capital, Costanoa Ventures, Deciens Capital.
Waivr has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $1.0M Seed | 20VC, 2.12 Angels, Adjacent, Adverb Ventures, Andreessen Horowitz, Basecamp Fund, Betaworks Ventures, BoxGroup, Chapter One Ventures, Contrary Capital, Costanoa Ventures, Deciens Capital, Factorial, FirstMark Capital, First Republic Bank, Forum Ventures, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, NextView Ventures, Oak HC/FT, Oceans, Oper8r, Poseidon Asset Management, Hayden Simmons, Redpoint Ventures, Round One Capital, Shrug Capital, Splash Capital, The Fintech Fund, Ulu Ventures, Derrick Li, Drew Houston, Eric Ries, Howie Liu, Jaan Tallinn, Jeff Morris, Joe Greenstein, Karen King, Manish Patel, Mark Cuban, Mark Pincus, Matthew Dellavedova, Rohini Pandhi, Ron Pragides, Scott Belsky, Sheila Vashee, Stewart Butterfield, Tim Kendall, Wayne Chang |