{"id":8212,"date":"2023-09-15T14:15:15","date_gmt":"2023-09-15T14:15:15","guid":{"rendered":"https:\/\/fintechcadence.com\/?p=8212"},"modified":"2023-09-15T14:15:16","modified_gmt":"2023-09-15T14:15:16","slug":"founder-stories-pulseai","status":"publish","type":"post","link":"https:\/\/fintechcadence.com\/fr\/blog-posts\/founder-stories-pulseai\/","title":{"rendered":"Startup Stories – PULSE AI"},"content":{"rendered":"

PulseAI is Pushing the Boundaries of Data Analytics & Education\u00a0<\/b>\u00a0<\/span><\/b><\/h3>\n

For 8 years, Nicholas Ponari found himself continuously using the same formulas, spreadsheets, and approach to financial management. Being an angel investor in numerous companies, he decided to pursue a Master’s degree in Financial Innovation and Technology, aiming to assume the responsibility of managing accounting matters for the startups within his investment portfolio.<\/span><\/p>\n

While doing the job, he wondered if there was a way to bring this kind of expertise to more businesses, at scale and at a reasonable price for startups\u2019 founders. Having caught the entrepreneurial spirit from the startups he was working with, Nicholas couldn\u2019t resist taking the leap to try something new for himself. <\/span><\/p>\n

He began building out his idea in the summer of 2022, chatting with founders and other investors to understand their pain points when it comes to their accounting practices and financial management systems. He paired up with Andrew Yas, a financial guru and MBA classmate, and Matteo Mortelliti, a software engineer in the fintech space, and began working on the software. In May 2023, PulseAI was officially incorporated and introduced to the world with the purpose of becoming a virtual CFO to help founders master their internal financial management.<\/span><\/p>\n

Since launching, the traction they\u2019ve received has surpassed their expectations, with a waitlist of 200+ customers.<\/span><\/p>\n

Finance for Every Person<\/strong><\/span><\/h5>\n

The concept was simple: founders are usually experts in their field, passionate, and full of amazing ideas for their business \u2013 but there\u2019s a gap in their financial knowledge. Nicholas explains:<\/span><\/p>\n

\u201cThe gap I\u2019m trying to fill is\u2013 can I give that engineer, that scientist, that hairdresser, plumber, HVAC technician, chef\u2013 can I give them the confidence to understand, manage their money, and make the best business decisions possible? <\/span><\/i>Can I empower that person who didn\u2019t go to business school, to handle their money as if they had?<\/i><\/b>\u201d<\/span><\/i><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 – Nicholas Ponari, Founder, PulseAI<\/span><\/p><\/blockquote>\n

PulseAI is strategically designed as a financial instrument, setting it apart from certain competitors by also serving as an educational resource. Using custom-built AI, users have the ability to inquire about a comprehensive range of financial queries, empowering them to understand their own financials.<\/span><\/p>\n

Taking a Scientific Approach<\/strong><\/span><\/h5>\n

The vision for PulseAI doesn\u2019t stop at financial empowerment. In fact, Nicholas is bringing PhDs, professors, and AI advisors onto the team in order to help the company to keep pushing boundaries. He explains \u201cI wanted to build something that was scientific.\u201d The company is taking an academic approach by continuing their research and building their AI models from scratch. With this research, they\u2019re hoping to not only achieve a competitive advantage for their own business, but push the field of AI as it pertains to its use-case in financial planning and analysis.. Their goal is to publish all their research and make it accessible to all. <\/span><\/p>\n

What\u2019s Next?<\/strong><\/h5>\n

Now that the software is ready, the PulseAI pilot is in full swing with 20 companies from Nicolas\u2019s personal portfolio of companies that he\u2019s invested in and founders he is close to or has mentored actually onboarded and using the platform. The focus, moving forward, is heavily geared towards quality assurance (QA) \u2013 carefully reviewing data and working closely with clients to ensure the product is the best it can be. Following a successful QA period, they intend to focus on sales and growth, expanding the company as much as possible.<\/span><\/p>\n

As the company continues to grow, Nicholas hopes to put an emphasis on company culture, encouraging risk taking and entrepreneurship.<\/span><\/p>\n

Fintech Cadence x PulseAI<\/strong><\/h5>\n

As a Fintech Cadence mentor for 3 years, Nicholas was familiar with the programs, and when he launched PulseAI, he chose specifically the <\/span>Ascension<\/span><\/a> program. Nicholas explained:<\/span><\/p>\n

\u201cHaving the Fintech Cadence support system was a huge, integral role to having those small victories, giving me the right connections, pairing me with the right people, refining my business plan to a point where I was confident with it.\u201d<\/span><\/i><\/p><\/blockquote>\n