Ritik Malhotra
Founder of Savvy Wealth
New York City Metropolitan Area
Overview
Work Experience
Founder & CEO
2021 - Current
https://savvywealth.com
Savvy Wealth is a technology-enabled wealth management firm.
Raised $33,800,000.00 from The House Fund, Alumni Ventures, Index Ventures, Canvas Ventures, Brewer Lane Ventures, Thrive Capital, Index Ventures, Position Ventures, The House Fund and Jordan Park.
Angel Investor
2014
Seed-stage investor and LP in 20+ startups and VC funds. Investments include Retool, Mercury, Mux, Forge, Lambda School, and more. Formal roles held: * Venture Partner, Pioneer Fund (Mar 2018 - Present) * Venture Partner, Ironfire (Oct 2015 - Present) * Managing Partner, S2 Capital (Mar 2017 - Feb 2018)
Director, Product Management
2019 - 2021
Mar '19 - Feb '20: Started and launched Brex Cash, Brex's second business line after the corporate card. Brex Cash is a corporate bank account alternative built for small businesses. Led product from idea to launch, growing from 5 to 100+ people working on Cash across the company. Mar '20 - Jun '20: Worked on M&A, evaluating companies to acquire to accelerate product roadmap. Led acquisition of four companies, adding 11 technical leaders to lead product development across the company. Jun '20 - Apr '21: Helped incubate, build, and launch the Spend Management org and product suite. The Spend Management suite is comprised of Expense Management, Bill Pay, and Reimbursement software built on top of Brex Card and Cash. Helped recruit and grow the Spend Management engineering, product, and design org from 3 to 30+ people.
Brex Venture Debt is designed for early-stage, venture-backed technology companies.
Co-Founder & CEO
2018 - 2019
Acquired by Brex in March 2019, and is now Brex Cash. Started Elph to build a secure, auditable financial ledger for companies to record multi-party transactions. Accepted into Y Combinator as part of the Winter 2019 batch. Raised $1.2M in seed funding from VC and angel investors. Grew team to five full-time engineers and two contractors. Acquired by Brex in March 2019 and is now living on as Brex Cash.
Elph is a decentralized network of scalable Plasma sidechains that achieve high transaction throughput on top of Ethereum.
Product / Engineering Lead
2014 - 2017
Led the integration of the Streem product at Box post-acquisition, growing team from 4 to 30+ people. Launched as Box Drive (box.com/drive), now Box's flagship desktop product with 1M+ users.
Box is an online file sharing and cloud content management service offering unlimited storage, custom branding, and administrative controls.
Raised $1,458,950,000.00 from Kohlberg Kravis Roberts.
Co-Founder & CEO
2012 - 2014
Acquired by Box in June 2014, and is now Box Drive. Started Streem to build a cloud storage solution that would require no data syncing or client-side data storage. Accepted into Y Combinator as part of the Summer 2012 batch. Raised $875,000 in seed funding from VC and angel investors. Grew team to four full-time engineers and two contractors. Launched a cross-platform cloud storage product on web, mobile, and desktop. Grew to 60,000 users in two weeks after launch through a viral referral campaign. Acquired by Box in June 2014 and is now living on as Box Drive. Tech built: kernel-mode file system (Mac & Windows), backend API, web/mobile/desktop clients, on-demand ABR video transcoder.
Streem offers unlimited cloud storage for you to store, stream, and share your media.
Raised $875,000.00 from 500 Global, Matt Huang, Start Fund, Rob de Heus, Andreessen Horowitz, Socialatom Ventures, Y Combinator, Ironfire Ventures, Steve O'Brien and Francis Ng.
Thiel Fellow
2012 - 2014
Startup funding program started by Peter Thiel. Awarded $100,000 as a non-dilutive grant to work on Streem (see above).
We support science, technology, and long-term thinking about the future.
Co-Founder
2011 - 2012
Started SVPrep, a learning academy that taught mathematics, computer science, public speaking, debate, and essay writing to middle and high school students. Bootstrapped business to $1M+ ARR.
Software Engineer
2011 - 2011
User Growth team. Designed and implemented several features and experiments to increase user growth and engagement metrics. Scaled user invite infrastructure to process millions of queries per day.
X is a social networking platform that allows its users to send and read microblogs.
Raised $12,869,191,511.00 from Greenlight Capital, Binance, Litani Ventures, Qatar Investment Authority, Qatar Holding, The Lawrence J. Ellison Revocable Trust, Fidelity, Alwaleed Bin Talal, Sequoia Capital and Vy Capital.
Software Engineer
2010 - 2010
Human Computer Interaction team. Researched and developed perceptual computing techniques to operate the computer without a mouse and keyboard. Wrote scientific review paper on findings and comparison of various methods.
An ecosystem of software & hardware vendors, integrators and solution providers focused on adoption of NFV and SDN-based solutions.