Portend launches WhatsApp integration providing accessible real-time due diligence for portfolio safeguarding with quick and easy access to simulated governance, financial auditing, communication sentiment, and financial monitoring tools in Venture, Debt, Insurance, and Sports.

You might assume that with $100M’s AUM VC Investment Directors would monitor the finances of their portfolio businesses. Oddly, they don’t. 

Despite financial data being readily available and accessible, 51% of venture and private equity firms said they NEVER check bank statements or account data post-investment.

Leaving investments unsupervised is not trusting, its reckless.

It’s not an accessibility issue either, it’s an ease of access issue. Investment Directors simply do not have the time or resources to be trawling through the financials of their portfolio businesses. As with everyone today, the easiest way to get critical information in front of an Investment Director is through their phone.

We know that Angels, LPs, and Investors live in WhatsApp, so we’re taking their work to them. Portend is now fully integrated into WhatsApp, equipping Angels, LPs and Investors with the financial insight they need to track portfolio businesses in real time.

Julie Cunningham, Founder & CEO Portend, says; “Working with VCs we know they glued to their phones, but unsurprisingly given the amount of information flowing through their hands daily. With hundreds of portfolio businesses to keep track of investment directors face an insurmountable task of post-investment due diligence. Integrating Portend into WhatsApp empowers investment directors with the high quality specific financial data they need to make the right decisions for the health of their portfolio.”

About to step into a board meeting? Type into WhatsApp “What is my portfolios current cash and runway balances?” and receive the information immediately from Portend’s AI enabled platform. Users can access the data-driven chat and receive alerts, checks and insights from their portfolios as and when they need them.

A task that would have previously taken a chain of emails is now quick, easy, and informative allowing for supercharged board meetings and the ability to protect investment much more effectively.

Portend’s financial, communication, and simulated governance tools mean that at a glance, users can walk into any board meeting equipped with critical questions to take action early instead of reacting on a call.