Hopscotch
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Hopscotch is a New York-based community-oriented B2B payments platform founded in June 2021 by CEO Reed Switzer (a Wharton dropout) and COO Rick Kleczkowski. It helps small businesses and freelancers manage accounts payable and receivable: instant, fee-free payments between users and non-users alike, invoicing via profile or email, scheduling, reminders, QuickBooks integration and fraud prevention via Plaid. Its Hopscotch Flow feature lets users finance invoices in two clicks. It raised $9.95 million, including a $6.1 million seed extension in March 2022 co-led by Shine Capital and Stellation Capital.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Hopscotch was founded in New York in June 2021 by Reed Switzer and Rick Kleczkowski to bring consumer-like instant, fee-free payments to B2B.
- Seed extension and product expansion
Hopscotch raised a $6.1 million seed extension (total funding $9.95 million) and launched the Hopscotch Flow invoice-financing feature.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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