nate
Digital private transaction assistant
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.
Employees
101-200
HQ Location
Kips Bay, New York, NY
OTTA INSIGHTS
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.
Last 2 fundraises
Mar 2020
$8m
SEED
Jun 2021
$38m
SERIES A
This company has top investors
Company benefits
Founders
Albert Saniger
(CEO)Founded MBM Americas and led Amazons Private Label Fashion department before founding nate.
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