At the age of 5, Gregory Gevorkyan's parents handed him a computer. Almost instantly, he was taking it apart, understanding how it worked, and making his own modifications. To Greg, technology felt like a language that he quickly became fluent in. By 10, he had built his first website, and by 13, he was coding multiplayer game modes for the popular GTA San Andreas game. As a self-proclaimed "nerd," Gregory became a passionate developer, and that was just the beginning of his impact in the technology space.

Gregory Gevorkyan’s
Gregory Gevorkyan’s Gregory Gevorkyan’s

Throughout school, he competed in inter-school robotics competitions and even won 1st place in the Regional Math Olympiad. In college, making the decision to get a degree in electronic engineering was a no-brainer for Greg. Though his work at the collegiate level was more advanced and intricate than what he'd been doing as a child, he found himself taking things apart and finding a better way to put them back together in many different settings. His thesis focused on using machine learning to train models on babies' EGS recordings, helping hospitals predict when a baby's brain should be cooled down to prevent early brain damage and mental disabilities.

During college, he started an event-sharing social network called Eventer for which he attempted to raise $50,000 at a local university's Dragon's Den event. While standing up Eventer, he started building a mobile app called TextSpeed. Another early success, TextSpeed collected over 10,000 users and more than a million impressions in the Apple App Store. Technologically gifted and a brilliant entrepreneur, Greg was able to put his talents together to create products that people wanted and used. He was able to predict market needs and develop a solution to match, and his career since then has told a similar story.

After graduating, Greg got a job at the Royal Bank of Scotland as a software engineer. He was hand-selected to participate in a project to build RBS's new mobile bank from scratch; the company was trying to compete with other fintechs that were popping up in the space, and with Greg's help, the bank has delivered the new banking brand and application to its customers quickly and efficiently. After nearly 3.5 years with RBS, equipped with intimate knowledge about the world of banking and finance, Greg went on to start his own venture: Modernbanc.

It first started as a loyalty app that used Open Banking APIs which later turned to a banking as a service solution.

While building the technology for Modernbanc, Greg and his team realized how outdated the financial software industry was and how companies needed next-generation, API-first accounting software. With so many software options, it was hard to believe that there wasn't a solution that could handle scaling with businesses, but when that was proved to be the reality, Greg shifted his focus and turned Modernbanc into that very solution.

In 2020, Modernbanc has also been accepted into YCombinator (YC), which is the most successful startup accelerator in the world. The acceptance rate is below 1% making it harder to get into than Harvard.

Modernbanc offers a full-stack accounting software suite for developers who are trying to build financial operation intensive applications and platforms. As a technology entrepreneur himself, Greg knew first-hand how complex it could be to set up company's core financial stack and scale a business in the tech space. With Modernbanc, he created a solution that addressed everything he and other entrepreneurs struggled with.

At the YCombinator, Greg shifted the focus of Modernbanc from a loyalty point app that used Open Banking APIs to a banking-as-a-service solution. While building the technology for Modernbanc, Greg and his team realized how outdated the accounting software industry was and how companies needed next-generation, API-first accounting software. With so many software options, it was hard to believe that there wasn't a solution that could handle scaling with businesses, but when that was proved to be the reality, Greg shifted his focus and turned Modernbanc into that very solution.

Today, Modernbanc processes millions of dollars in transactions every month and partners with world-renowned investors like GFC, Village Global, Backend Capital, and SoFi. Over $3.6 million has been raised from investors, Greg is taking Modernbanc to the next level and providing technology entrepreneurs with the developer-first accounting experience they deserve.