Steady Platform, Inc.

Steady Platform, Inc. is a technology company focused on providing real-time income verification solutions for public sector clients, enhancing efficiency and accuracy in benefits management. Founded in 2017 in Atlanta, US, Steady Platform, Inc. specializes in income verification solutions.

The company has secured a total of USD 15 mn through Series B funding, with Recruit Strategic Partners leading the latest round on June 16, 2020. The founders include Adam Roseman, Bryce Goh, and several others, with Adam Roseman also serving as CEO. SteadyIQ primarily offers the Income Passport, which facilitates real-time income verification for the public sector. This service aggregates and verifies both earned income (W-2 and 1099 earnings) and unearned income (contributions, interest, retirement benefits).

Leveraging advanced algorithms and AI technology, the Income Passport streamlines income verification, reduces improper payments, and lowers administrative costs, primarily serving government agencies such as social services and labor departments across the U. S. , including Missouri and Alabama. SteadyIQ's revenue model is based on contractual agreements with governmental agencies that utilize the Income Passport.

Revenue is generated through these contracts, potentially incorporating a subscription model for continuous access to real-time income verification services, which helps manage resources effectively while maintaining steady cash flow. Following the USD 15 mn funding round in June 2020, Steady Platform, Inc. aims to enhance its product offerings and expand into new markets. While specific new products are not yet disclosed, the company is focused on increasing its presence in additional geographic regions, particularly beyond its current U.

S. markets. The funding will support these initiatives, enabling continued development and market penetration.