Heron Data: Cassandra — Predict company events from bank data, starting with NSFs

Hey Hunters! Jamie here from Heron Data. Really excited to be launching our new predictions product - Cassandra! Quick background to Heron: 120+ B2B lenders and fintechs (including the likes of Pipe, Capchase, and Ramp) leverage Heron to assess the financial health of applicants for business credit. Until now this primarily involved calculating true revenue, debt, balance, and profit from bank data. Gleaning companies' historic performance is no easy feat but our most common request was to look past historic performance and into the future! Since it has very high correlation with loan outcomes, we decided to start with a model to predict NSF (Non Sufficient Fund) events first. You can test Heron with any business bank data format. Send us bank statements (we’ll parse it for you in real-time as well as detect fraud) or stream your Plaid data, and we’ll parse the transactions, categorize them, recreate the P&L and give you a probability of an NSF event occurring. Our model today works best on businesses in the USA. How does this help me? - Lend with confidence: with another risk variable you can better predict loan outcomes and price risk - Save time: Add a rule to automatically kick-out applicants who are more than X% likely to NSF - Monitor your portfolio: our predictions update whenever you send us new data - predict negative outcomes in your portfolio and remediate them in real time What's next? We are working on predicting other company events like revenue and balance. If there's a variable you think we should be predicting, reach out! Likewise if you want to hear which of your portfolio companies Cassandra thinks will NSF in the next 30 days, reach out to sales@herondata.io for a free trial

Congratulations on the launch of your product on Product Hunt! You have achieved a remarkable result! What are you planning to add in near future?

Excited for this launch, clearly a big need in the market that'll benefit both consumers & businesses!

Congrats for the launch @jamie_parker ! Cassandra sounds powerful! 🚀

Congrats guys - this is super exciting!

Congrats, Jamie and team - this is huge!!

Very very cool!