StartUp PHL-backed Tesorio is graduating from Y Combinator - Philly


Aug. 18, 2015 8:01 am

StartUp PHL-backed Tesorio is graduating from Y Combinator

Tesorio's founders spent the summer at the prestigious West Coast accelerator, while the rest of its team remained in Philadelphia.

Carlos Vega, CEO of Tesorio and a Y Combinator alum, speaks at the StartUp PHL funding announcement event, fall 2014.

(Photo by Mitchell Leff for the City of Philadelphia)

Two Philly-born startups are (re)presenting at Y Combinator’s summer demo day Tuesday.

The prestigious West Coast accelerator that’s graduated Dropbox, Reddit and Airbnb generally invests $120,000 for 7 percent equity.

One is Prayas Analytics, the analytics startup founded by recent grads. The other is Tesorio, a startup founded by Wharton MBA Carlos Vega and recent Penn grad (and PennApps Fellows organizer) Fabio Fleitas. Tesorio got $100,000 in funding from the city’s StartUp PHL angel fund last fall. The company helps vendors get paid faster.

We first wrote about Tesorio last summer.

The rest of Tesorio’s team, including COO Kimberly Gress (formerly of Boomi), works out of First Round Capital’s office in University City.

Tesorio was recently featured in Business Insider.

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