Shryk Overview
In September of 2008 Shryk changed its name to iThryv to alleviate the difference between name and product.
Shryk, LLC was formed in 2007 by a team of technology and banking entrepreneurs that have all built successful companies in the past. These founders discussed the fact that there is clearly a hole in the market where kids and banking are concerned. Millions of children and young adults...More»
In September of 2008 Shryk changed its name to iThryv to alleviate the difference between name and product.
Shryk, LLC was formed in 2007 by a team of technology and banking entrepreneurs that have all built successful companies in the past. These founders discussed the fact that there is clearly a hole in the market where kids and banking are concerned. Millions of children and young adults have savings and checking accounts, but none of the institutions they interact with offer them an online ability to manage these accounts and at the same time, learn about handling money. In addition, Banks and Credit Unions really do not make money offering these small accounts because of the service costs involved. We realized it would be very expensive for any one institution to build a robust online platform to provide this service. So we are dedicated to providing a world-class platform to both serve financial institutions with a great new product, and help parents and children learn.«Less
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 01/2008 | Series A | 0.6M | Unknown |
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Products
| Name: | iThryv |
| Product URL: | http://shryk.com/Default.aspx?tabid=56 |
| Description: | We have spent over a year building the beta version of iThryv. Within our architecture, a great deal of time has been spent on specialized capabilities including the content delivery system, Savings Score, and our incentive system. We have also invested heavily in sustaining a high growth rate on our system in order to handle a very large number of users. Key Components We used the very latest tools and techniques and have built everything from the ground up. Among the key components are: Microsoft .NET version 3.5 framework with WCF and WF A SOA architecture in a SaaS or licensed model A widget schema allowing for user customization by adding new widgets as desired. Theming to allow customers to have their own "flavor" - look and feel. Server virtualization to assure throughput can be maintained at a high level. Microsoft SQL Server 2005 and SQL Reporting Services for database analysis and reporting. |
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Bulls vs. Bears (3)
| Bullish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
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Banksand Credit Unions need new younger account holders and this may be a way to get them. |
melissah 09/14/2008 |
100% 2 votes 2 0% 0 |
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Goes after a largely untapped user segment by banks |
dave 09/09/2008 |
100% 3 votes 3 0% 0 |
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| Bearish Opinions (1) | Author/Date | Do you agree? | |
|---|---|---|---|
|
Banks can be hard to convince why they should do ANYTHING new and exciting. |
melissah 09/14/2008 |
50% 2 votes 1 50% 1 |
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