7957e52d44b0445e63e3959104f0455249088fe0 Injection University Portland fintech startup that targets wedding industry lands $2.3M | Tech Power

Portland fintech startup that targets wedding industry lands $2.3M

Rock Paper Coin co-founders Elizabeth Sheils (left) and Nora Sheils. They are sisters-in-law. (Rock Paper Coin Photo)

Rock Paper Coin, a Portland, Ore.-based startup that aims to streamline payments for wedding vendors, raised $2.3 million. The company has raised $4.8 million to date, including a $1.6 million round last year.

The 15-person startup, founded in 2019, was able to survive the pandemic-driven wedding slowdown pandemic and is now experiencing “rapid growth,” said CEO Elizabeth Sheils.

Rock Paper Coin builds tools for wedding planners, vendors, and couples getting married. The idea is to automate the entire wedding process with technology that digitizes contracts, invoices, and payments.

The company supports three-way communication between the event planner, the couple and vendors such as photographers and caterers. The platform also works as a “wedding binder” with budgeting and other tools for couples managing their own event.

Sheils founded Rock Paper Coin with Nora Sheils, her sister-in-law. They were working for Bridal Bliss, a successful wedding and event planning business that Nora started in 2002. But the two were frustrated by the lack of digital tools available for tracking contracts and payments.

Portland venture firm Elevate Capital led the funding round, which included participation from HearstLab, Stormlight Holdings, and others.

Source: https://www.geekwire.com/2022/portland-fintech-startup-that-targets-wedding-industry-lands-2-3m/