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nate

Digital private transaction assistant

101-200 employees
  • B2C
  • Lifestyle
  • Payments
  • Machine Learning
  • SaaS
  • eCommerce
New York, NY 10010, US

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.

Top investors

44% female employees

144% employee growth in 12 months

Otta's take

Sam Franklin headshot

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

Founded MBM Americas and led Amazons Private Label Fashion department before founding nate.

Endorsements

All

Focus on employee wellbeing (3)

Nice people (2)

Intelligent people (2)

Opportunities to learn (1)

Career progression (1)

Autonomy (1)

Great work is recognised (1)

People of all backgrounds are welcomed (1)

Team energy (1)

Clear values (1)

Since being at nate I have met employees in both London and New York who are from all walks of life and it has been so refreshing to be working with such a diverse group of talented people.

People, HR, Recruitment

People of all backgrounds are welcomed

Jan 2022

Mental and physical health are both taken very seriously by nate and there is no judgement if you need to reach out for help or take some time away to focus on yourself. Employees wellbeing is always put first.

People, HR, Recruitment

Focus on employee wellbeing

Jan 2022

My colleagues are experts in their individual fields and I am learning valuable skills and information by simply being around them and observing the way in which they approach their work.

People, HR, Recruitment

Intelligent people

Jan 2022

The people are extremely genuine. That's why nate is such an easy place to create meaningful relationships. Also, everyone is always willing to help one another - we're really in this together.

People, HR, Recruitment

Nice people

Jan 2022

Nate always looks to internally promote their people wherever possible. And with our company looking to quickly upscale - there are tonnes of opportunities to progress!

People, HR, Recruitment

Career progression

Jan 2022

As well as being extremely genuine, nate's energy is off the charts. Our people are definitely energised by our work and the impact it's having, but we also feed off one another's enthusiasm. And through this, we're able to enjoy yourselves more and get moving quickly with decision making!

People, HR, Recruitment

Team energy

Jan 2022

Working remotely, it is sometimes difficult to see the hard work that people outside of your immediate team are doing. During lockdown we started a "Praise" channel on Slack where employees can give public praise to their colleagues to call out specific things that they've done which is either very in line with the company values, or just generally great. It has been a great way of celebrating both big and small wins, and keep morale high.

Product

Great work is recognised

Jan 2022

Whenever my responsibilities at work have changed drastically, my manager has been very open to discussing compensation and make sure that my work is rewarded. I feel like they always have my back and that they want to make sure that I'm fairly compensated.

Product

Fair compensation

Jan 2022

The number one best thing about nate is the people. Not only do we have such a genuinely good time at the office, but people's willingness to share knowledge across teams is really incredible. The amount of times that somebody had volunteered 30-45min on a Friday (our weekly "Professional Growth Fridays" are for learning) to talk me through a new project they are working on or explain a new piece of technology that we're trying to implement. I have never worked with such generous and genuine people before.

Product

Nice people

Jan 2022

Everybody has the opportunity and freedom to influence the direction of nate, their tech stack and general operation.

Software Engineering

Autonomy

Jan 2022

There are fantastic benefits at nate, and every effort is made to ensure that employees are happy and healthy. There is a genuine culture of looking after yourself first and then, as a team, we'll smash out amazing features!

Software Engineering

Focus on employee wellbeing

Jan 2022

The hiring process goes to great lengths to ensure that a candidate fits in with the values of the company and this really shows through in the great set of people that work here. Everybody is super helpful and friendly, there is no animosity between anyone and the values that are instilled during the interview process remain throughout your time at nate.

Software Engineering

Clear values

Jan 2022

My colleagues at nate are an incredible bunch of people. They are experts in their field and there is a real emphasis on knowledge sharing. Friday's at nate are called PGF's, Personal Growth Friday's, where members of the team run sessions on topics they are passionate about or interested in delving deeper into.

People, HR, Recruitment

Intelligent people

Jan 2022

One of nate's core principles is self care isn't selfish. nate believes that people perform their best at work when they prioritise their wellbeing. We have a monthly wellness stipend, unlimited paid time off and perks such as massages!

People, HR, Recruitment

Focus on employee wellbeing

Jan 2022

At nate there is so much opportunity to learn and develop. We are entering our scale up phase, which means there is still so much to do, allowing for people to get involved in new projects. It's a great environment for self starters and people that love collaborating.

People, HR, Recruitment

Opportunities to learn

Jan 2022

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