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Stuypend is an alternative digital payment and marketing system for small independent businesses.


Founded: 2016
Employees: 2
Quick Pitch:


Stuypend is an alternative payment processing platform for small and independent businesses that's based in Bed-Stuy, Brooklyn. Our mission is to transform the payments business from a percentage fee model to a SaaS model where companies pay for software and features that power their business without giving up 3-5% of their company.



Andre Powers

Andre is an experienced start-up entrepreneur with a passion for applying technology to solve problems for people. He was a co-founder of Closir, a fintech product focused on institutional finance and the asset management industry. He helped grow Closir to currently serve 200 large corporate users and 100 investor users. He is now applying the experience of Closir to launch Stuypend.


Michael Arulgnanendran

Michael has an engineering background with recent experience in banking in New York City. His first start-up company took from prototype to production a football training tool invented at Cornell University. His interest in payments started after winning the Dwolla API prize at the ValueStream Labs hackathon in the fall of 2013. He’s excited to apply his knowledge and experience to build Stuypend.


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