Nickel

Overview

Nickel is a financial technology company headquartered in Brooklyn, New York [1][4]. The company offers a payments, cashflow and AI accounting platform that combines accounts receivable, accounts payable, and banking services including Nickel Balance and Nickel Capital, along with Penny, an AI finance tool [3]. Nickel serves businesses in sectors including construction, manufacturing, logistics, medical, solar and wholesale [3]. The platform has processed over $1 billion in annual payments across more than 25,000 businesses [6], with customers reporting $15 million in fees saved and over 3 million transactions processed [5]. Nickel was founded by CEO Ray Fu and CTO Claudio Wilson [7]. The company has received backing from investors including Stanley Black & Decker, DeWalt, Brewer Lane Ventures, Stage 2 Capital, Conversion Capital, Ninefour Ventures, Wischoff Ventures, Great Wave, AirAngels and BoxGroup [7]. Banking services are provided through a partnership with Grasshopper Bank, N.A. [9].

The company's own website places it in New York: 45 Main Street Brooklyn, NY 11201 listed as 'Visit Us' location on contact page. [1]

Nickel listed its office at 45 Main Street, Suite 416, Brooklyn, NY 11201. [4]

Growth & traction

Nickel reported 25,000+ businesses moving and growing their money on the platform, $15M in fees saved for customers and 3M+ transactions processed. [5]

Nickel reported $1B+ in annual payments across 25,000+ businesses transacting on the platform. [6]

Funding history

Nickel, founded by CEO Ray Fu and CTO Claudio Wilson, listed Stanley Black & Decker, DeWalt, Brewer Lane Ventures, Stage 2 Capital, Conversion Capital, Ninefour Ventures, Wischoff Ventures, Great Wave, AirAngels and BoxGroup among its investors. [7]

Customers

Nickel named BACA Systems, American Home Renewal, PHI Decks, Chicago Brass, Montaggio, Butter Freight and Surgenex among its customers. [8]

Partnerships

Nickel disclosed that banking services and the Nickel Technology Inc. Visa Commercial Card are provided by Grasshopper Bank, N.A., Member FDIC, and that Nickel Technology Inc. is a financial technology company and is not a bank. [9]