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Affinity

Y Combinator LogoS23
Active
fintech
workflow-automation
team-collaboration
compliance
hr-tech
New York
 
https://itsaffinity.com

A compliance training platform built for regulated industries.

Affinity is a compliance training platform designed specifically for regulated industries. We’ve previously built a fintech from inception to a successful exit and are leveraging that experience to solve the learning management needs of regulated tech companies from growth stage to large enterprise banks.
Affinity
Founded:2023
Team Size:2
Location:New York
Group Partner:Nicolas Dessaigne
 

Active Founders

Faraz Rana, Founder

Faraz has over 15 of experience as a start-up operator and a legal and compliance professional. Faraz was part of the founding employee team at Bread, a BNPL fintech, where helped build the company from inception to a $450M exit. Previous to Bread, Faraz had been an M&A lawyer, dabbling with start-up ideas in his spare time. Faraz is based in Brooklyn, NY and enjoys running and playing tennis.
Faraz Rana
Faraz Rana
Affinity
 

Peter Greczner, Founder

Peter is CTO of Affinity. He's been building and working with NYC start-ups for almost 15 years, including companies in AdTech, FinTech, and Crypto. As a founding team member of Bread, a pay-over-time FinTech, he led and built the engineering team to a successful $500M exit. In addition to having fun building startup's, Peter also loves to play basketball, run, try new board games and play outside with his 2 kids.
Peter Greczner
Peter Greczner
Affinity
 

Company Launches

Affinity - The compliance training platform built for regulated industries

Hi 👋 , we’re Faraz and Peter and we’re building Affinity!

Affinity is a compliance training platform designed specifically for regulated industries. We’ve previously built Bread - a fintech - from inception to a $450M exit and are leveraging that experience to solve the learning management needs of regulated tech companies from growth stage to large enterprise banks.

Problem and Current Market

While scaling Bread, we learned how necessary training is in the fintech industry for all stakeholders both internal (your employees) and external (your vendors and clients), and how glaringly inefficient the process is.

For example:

  • Fintech bank sponsors lack standardized training across portfolio companies;
  • Fintechs themselves train thousands of their business customers using valuable human hours;
  • Compliance and HR teams use sign up sheets and spreadsheets to track internal trainings;
  • Ineffective trainings create bigger problems later on when companies are just starting to scale.

And it’s not just fintechs who face these problems, it’s all regulated industries.

How Affinity Solves This

We’ve built:

  1. A platform that allows organizations, such as banks, to standardize training across external parties.

  2. A workflow management tool that allow companies to assign trainings based on internal policy rules.

  3. Relevant, practical content and ways to customize the content.

  4. Data for reporting to regulators and auditors.

In short: we help regulated companies make compliance training seamless and powerful.

The Future (to Affinity and beyond!)

  • A dynamic content creation platform built in.
  • Leveraging AI and LLM’s for interactive learning experiences.
  • The best and most useful trainings available in every vertical and industry.

The Team

We have known each other for almost a decade and spent much of that time building out a buy-now, pay-later fintech together called Bread ($450M exit). Faraz led legal and compliance, and Peter led engineering. Through Bread’s growth we’ve learned how important compliance education is for teams to be effective in a regulated space.

Asks from the community

  • Introductions to Fintechs and tangential regulated companies (all sizes)
  • Introductions to Banks
  • Introductions to Compliance and HR teams
  • Tell us what you’re not getting from your current learning management systems

How can your company use Affinity today?

We’re live for fintechs today at: https://itsaffinity.com. We are also offering a discount to all YC companies for their first year, and while you can onboard yourself, we’d love to walk you through getting started. So, please reach out to us at founders@itsaffinity.com and we can start working together with your team!