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nate
Digital private transaction assistant
- 101-200 employees
- B2C
- Lifestyle
- Payments
- Machine Learning
- SaaS
- eCommerce
- New York, NY 10010, US
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Company mission
nate's mission is to automate life's admin. They want to unleash humanity's productive potential. Foster creativity. And triple the world's GDP.
Otta's take
Sam Franklin
CEO of Otta
While online shopping has made many logistic developments - such as next day delivery - the checkout process can still be cumbersome and non-intuitive, often requiring a number of steps. Nate was created to make the consumer online purchasing experience one step simpler by easing the checkout process through its app.
The platform uses deep learning and natural language processing to read web code and transact online on behalf of people. This means that setting up a Paypal, Apple Pay and manually inputting new card details are a thing of the past and the 'Nate basket' will take care of everything for customers instead.
There's an increasing trend to make the checkout process as simple as it can possibly be (for example, Fast have got backing from Stripe to pioneer one-click-checkouts in the US). Having secured funding used to develop its features further, Nate is operating well in this space. It is planning to offer cashback for purchases made to power the monetization of its users, as well as developing an in-app wallet to save rewards.
Benefits
- Comprehensive health, dental, and vision plans with access to OneMedical
- Access to Kindbody, Fertifa, and a fertility stipend for employees
- Monthly fitness stipend to help you achieve your goals
- Guided meditations, rooftop yoga, & a Headspace membership just to name a few!
- Unlimited time off - recharge with your family & friends!
- Give back to causes you care about with paid volunteer days
- Annual company getaway & biweekly social events
- 12-weeks of fully paid parental leave for primary & secondary caregivers
- Generous compensation packages personalized to look at your personal needs from salary to benefits & more
- Eligible full-time employees get access to our employee stock option
- Enjoy commuter benefits based on the city you live in
- Invest in your future through our 401k and pension plans
- Your title should indicate the value you add to the team, feel free to choose your title
- Each employee has a dedicated learning & development budget for courses & certificates
- We dedicate every Friday to personal growth and spend the day learning
- Excited about an upcoming conference? Go! Tell us what you learned when you get back
Company values
- Self-care isn’t selfish
- Disagreeing is healthy
- Make true promises
- Forgiveness over permission
- Always look forward
Funding (last 2 of 3 rounds)
Jun 2021
$38m
SERIES A
Mar 2020
$8m
SEED
$47.3m
Total funding
This company has top investors
Founders
Albert Saniger
(CEO)Founded MBM Americas and led Amazons Private Label Fashion department before founding nate.
Office
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