Meet Calculum — A Demo Day 11 Presenting Startup

This year, Fintech Sandbox Demo Day will take place on April 28. The presentations will be virtual and the event, as always, is free. Demo Days are exciting because we get to showcase startups that are on the very cutting edge of innovation and you get to see what they’re up to before they’re discovered.

Over the next few weeks, we’ll be highlighting this year’s presenting entrepreneurs. Today, we’re talking to Eric Zager, co-Founder of Miami-based Calculum, which is offering an AI-powered supply chain analytics platform that helps companies unlock working capital, improve supplier intelligence, and generate free cash flow.

Eric, tell us a bit about Calculum. What problems are you solving?

Calculum is a negotiation intelligence tool that enables corporates to gain a competitive advantage by using advanced analytics and AI to improve payment terms and gather more insights into suppliers. The platform optimizes payment terms with both suppliers and customers – unlocking working capital. The tool also assess suppliers’ ESG, estimated financing costs, credit ratings, negotiation leverage, price vs terms calculator,  along with many other tools that benefit corporate treasury & procurement operations.

What is ADA, and how did it get its name?

ADA is the payment terms platform Calculum has built. It gets its name from Ada Lovelace who is considered the world’s first computer programmer.

Can you describe what it’s been like to be part of the Fintech Sandbox community?

It’s been great to have the support of the Fintech Sandbox and have access to test data from many great companies and sources

Why is data access important to your startup?

Data can be expensive and Calculum requires corporate data in order to provide accurate suggestions to our clients.

What is your company’s origin story?

Calculum was founded in 2020 as a way to benchmark payment terms with suppliers and ensure our client’s suppliers are being offered the correct payment term and to help companies not indirectly finance their competition.

What milestones has Calculum achieved thus far?

Calculum has won several awards including:

• #1 Florida Early-Stage startup – Florida Venture (Tampa – 2021)
• Working Capital Innovation Award – Working Capital Forum (Amsterdam – 2022)
• Procurecon EU Dragons Den Winner – Procurecon (Barcelona – 2024)
• MassChallenge Finalist – (Boston 2024)
• Finalist Treasury Innovation Award – TMANY Cash Exchange (New York City – 2024)
• Supply Chain Finance Innovation Award – Supply Chain Finance Community (Zurich – 2024)

What trends in fintech are you most excited about?

The growing popularity of supply chain finance (Reverse-factoring).

What is the Miami fintech scene like?

Miami’s fintech scene and the overall startup community have grown tremendously since the COVID-19 lockdowns. Many startups began during this period or moved from states like California and New York to the Miami area due to fewer restrictions and a more business-friendly environment.

What’s next for Calculum?

We will be growing our partnerships as well as further developing our solution, in 2025 we will be flipping the model of the tool to also support companies on their receivables side with customers as well.

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To hear more about Calculum and 4 other exciting fintech startups, be sure to register for Fintech Sandbox Demo Day 11!