How is your business helping to solve the health, social, or economic challenges created by COVID19?
Reliable funding sources and revenue streams during the Covid-19 crisis are difficult for local businesses to secure. NuMarket allows those businesses to secure critical funding from their customers in exchange for an increased value of future credits. By supporting businesses they love during these difficult times, customers and community members can use those credits in the business later. By turning customer into financier and back to customer, NuMarket creates a sustainable and resilient cycle in our Main St economy.
Does your business contribute most to recovery, response, or resilience?
Resilience - we're improving the broader infrastructure for responding to pandemic outbreaks.,Recovery - we're positioned to support in the recovery of those directly affected.,Response - we're responding directly to issues caused or exacerbated by the COVID-19 outbreak.
What is the stage of your product development?
I have a prototype or a simple version I can show my customers
What strengths does your team bring? Include skills and personal experience with the problem.
Our two person team spans product management in FinTech to strategy and design in socially focused business. We pair our experience in social entrepreneurship with corporate experience in building scaleable products to create a business that can open in inclusion in the small business funding space.
What countries do you operate in?
USA with plans to test in the U.K.
Is your company headquartered in a US "Opportunity Zone"?
No
