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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

  • Excited about an upcoming conference? Go! Tell us what you learned when you get back
  • Monthly fitness stipend to help you achieve your goals
  • Comprehensive health, dental, and vision plans with access to OneMedical
  • Annual company getaway & biweekly social events
  • Eligible full-time employees get access to our employee stock option
  • We dedicate every Friday to personal growth and spend the day learning
  • Access to Kindbody, Fertifa, and a fertility stipend for employees
  • 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
  • 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
  • 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

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)

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