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STARTUPS & INNOVATIONS

PRODUCTS

Moving Analytics Inc. of Irvine has been named the No. 1 virtual cardiac rehab program in the United States, according to a statement released by University of Southern California’s Viterbi School of Engineering on May 4.

Moving Analytics—co-founded by three USC alumni in 2013—develops telehealth products to manage heart disease, the leading cause of death in the U.S.

Its flagship platform, Movn, works with care managers to provide customized care plans for patients, according to officials.

“Several thousand” Americans have used Movn to date, and that number is “doubling annually,” according to company President Ade Adesanya.

Movn currently counts Kaiser Permanente of Oregon and Washington, Blue Cross-Blue Shield of Illinois, and Veterans Administrations of Atlanta as customers.

Last month, the company announced that its affiliate medical group, Telehealth Medicare Services PLLC, had also been approved by the Centers for Medicare and Medicaid Services (CMS) as an enrolled provider for Medicare fee for service, Medicaid, Medicare Advantage and Managed Medicaid members.

The announcement, Adesanya said, was “timely,” as Medicare recently made cardiac rehab a category 3 telehealth benefit.

Irvine-based travel technology company BookingPal Inc. has integrated vacation rental website Airbnb’s tax application programming interface into its platform.

Founded in 2013, BookingPal provides booking software for the vacation rental industry. Among its board members is prominent local business executive Mark Moshayedi, who co-founded Santa Ana data storage company STEC Inc.

The new tax API tool characterizes BookingPal properties as either ineligible or as a Stacked Airbnb Collected Tax, which is the tax that will display as taxes to the guest, and will not be bundled into the rate, according to officials.

“Very rarely do property managers advertise with only one channel,” BookingPal founder and CEO Alex Aydin said in a statement on May 4.

“As a software leader, we’re dedicated to providing our managers ease and convenience to list across multiple channels and manage the back-end operations of syncing calendars and collecting taxes across multiple sites so they can run a legitimate business.”

“The Airbnb Tax API was designed to be open and compatible across platforms and channel partners,” Airbnb Founder and CEO Brian Chesky said. “By integrating our API with BookingPal…we are supporting our customers with necessary tools and our partners as well.”

Alchemy has released a new lending platform that will “make every retailer a fintech company,” the Irvine-based firm reported May 4.

Alchemy, established in 2018 by software engineers, creates various lending products for fintechs, banks, and merchants.

The company’s new “buy-now-pay-later” platform offers a short-term financing option, which allows merchants and small businesses to sell their product and services without accepting full payments at checkout, the company said.

This option has become increasingly popular among consumers around the globe as the pandemic affected many people financially.

Allied Market Research indicates the buy-now-pay-later market is currently valued at $100 billion, and is expected to grow to $4 trillion within the decade.

The news comes as Alchemy announced an expansion of its services to the fintechs of Latin America—a continent that saw a major shift from traditional in-store purchases to online payments following the pandemic and a rise in mobile phone usage, the company said.

“Countries such as Mexico and Brazil have implemented fintech-friendly regulations to welcome fintech companies into the banking scene,” which has made Latin America a “breeding ground” for VCs and investors, the company said in a press release.

EXEC HIRES

Performio, a sales performance management software firm in Irvine, has appointed two C-suite executives.

Neil Graham, previously of Salesforce.com, will serve as Performio’s chief revenue officer, while Dmitri Korablev, who comes from Datometry, will take on the role as chief technology officer.

Both are seasoned software engineers from the Bay Area, officials announced May 4.

“Neil’s proven track record of building high performing sales teams and scaling successful software companies is exactly the kind of leadership that Performio will benefit from as we enter this next phase of growth,” CEO Grayson Morris said in a statement. “Dmitri’s deep technical background, experience managing large distributed global engineering and product management teams, along with his strategic product vision make him the ideal choice to lead Performio’s product innovation as we experience rapid global customer adoption.”

Performio is a 15-year-old software service provider that says it has calculated $2 billion’s worth of commissions for its clients, which include Johnson & Johnson and AstraZeneca. It’s based out of WeWork’s offices in the Lakeshore Towers office campus.

The company “has demonstrated the scale of its product offering and the ability to deliver great time to value and ease of use for our customers,” Korablev said. “With a scalable business strategy, best-in-class product, and a talented global team, Performio is positioned for amazing success.”

PARTNERSHIPS

Irvine and Hong Kong-based videography drone developer XDynamics has partnered with the Compton Robotics Club to deliver drones to STEM students throughout the Compton Unified School District.

XDynamics, established in 2015, develops and manufactures customizable drone platforms for aerial photographers and cinematographers.

Under the partnership, XDynamics will donate three of its Evolve drones to the school district; the devices allow students to shoot aerial video in 4K resolution. The devices currently cost around $3,700.

The partnership “will allow our club to deepen their understanding of drone technology and provide further opportunities for students to pursue future study and careers in the field,” Phillip May, Compton Robotics Club director, said in a statement.

“Our mission is to connect robot enthusiasts and professionals with advanced technology in aerial filmmaking, and it is pivotal that we reach young minds and future professionals as part of that goal,” XDynamics’ Head of Marketing Max Claeys said.

ACQUISITIONS

Irvine’s automotive fintech Get My Auto has acquired LA-based used car dealership SaaS firm AutoXplorer for an undisclosed amount.

Under the terms of the merger, Get My Auto’s CEO, Amir Razavi, will continue at the helm, while AutoXplorer CEO Kamran Guivian will be appointed as Get My Auto’s CTO, officials announced.

AutoXplorer’s employee base will be brought into the Get My Auto fold.

“At Get My Auto, we have developed the most advanced all-in-one platform, and I cannot wait to integrate it with the great features engineered by AutoXplorer,” Razavi said in a statement.

Founded in 2001, Get My Auto provides car dealers with a management platform that includes appraisal and buying tools and marketing software.

The purchase of AutoXplorer adds over 20,000 clients to Get My Auto’s 700 current clients, officials said.

“Get My Auto’s mission is to build a singular dealer ecosystem, giving medium to large dealerships a powerful platform with a single login to everything they need to increase sales and profitability,” Razavi added. “We believe that our acquisition of AutoXplorer represents a significant step toward achieving that goal.”

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Audrey Kemp
Audrey Kemp
Audrey Kemp is a staff reporter and occasional photojournalist for the Orange County Business Journal. Her beats include — but are not limited to — healthcare, startups, and education. While pursuing her bachelors in literary journalism at UC Irvine, she interned for New York-based magazine Narratively Inc., wrote for Costa Mesa-based lifestyle magazine Locale, and covered the underground music scene for two SoCal-based music publications. She is an unwavering defendant of the emdash and the Oxford comma.
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