# The New Money Company

> The New Money Company (YC W24) is a San Francisco fintech that protects B2B invoices against nonpayment and moves the money across borders. Its product, Numo, underwrites a buyer's creditworthiness instantly, guarantees the seller gets paid even if the buyer defaults, and settles funds to more than 80 destinations - with an early focus on getting international contractors in emerging markets paid in USD within seconds. Founded in 2023 by three former Hologram operators, it aims to let businesses sell into new markets without carrying the risk of a buyer who never pays.

- **Founded:** 2023
- **Headquarters:** San Francisco, United States
- **Founders:** Derrick Wolbert (Co-founder & CEO), Reuben Balik (Co-founder & CTO), Q Carlson (Co-founder & Chief Product Officer)
- **Team size:** 4-5
- **Products:** Invoice protection / trade credit, Numo, Global payments & collections
- **Notable:** Accepted into Y Combinator's Winter 2024 batch, Launched Numo and went live paying contractors in Nigeria with ~20-second USD-to-local transfers, Founding team previously scaled Hologram from zero to $20M ARR and a $65M Series B

## Products & services

- **Invoice protection / trade credit** — Instantly underwrites a buyer, backs the purchase with a trade credit line, and protects the invoice against nonpayment so the seller gets paid even if the buyer defaults. Credit levels can be integrated via API.
- **Numo** — A product for international contractors and their US clients: verifies and credentials global contractors, lets them invoice American companies, get paid via ACH into a US bank account, hold USD, and transfer to a local account in about 20 seconds with minimal fees. Live in Nigeria, expanding to Kenya, South Africa, Vietnam, Thailand, Malaysia and the Philippines.
- **Global payments & collections** — Order management, invoicing, document collection and settlement across 80+ destinations, with integrated financing at competitive rates.

## Achievements

- Accepted into Y Combinator's Winter 2024 batch
- Launched Numo and went live paying contractors in Nigeria with ~20-second USD-to-local transfers
- Founding team previously scaled Hologram from zero to $20M ARR and a $65M Series B

## Latest updates

- **2024-03** — Raised seed funding as part of Y Combinator's W24 batch.
- **2024** — Numo live in Nigeria with rollout planned for Kenya, South Africa, Vietnam, Thailand, Malaysia and the Philippines.

## Links

- Website: https://newmoneycompany.com
- LinkedIn: https://www.linkedin.com/company/newmoneycompany

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Profile page: https://yespress.io/the-new-money-company-yc-w24
Published by YesPress — https://yespress.io
Last updated: 2026-07-30