HARBOR

Harbor

ScaleRisk 34

Idle-cash treasury for SMBs that currently leave operating balances in 10 bp checking. Sweeps overnight into duration-matched T-bill and insured deposit ladders.

Year-1 ARR

$3.84M

TAM

$11.2B

Daily yield

$9,410

Market

Owner-operated businesses with $400k–$8M cash, too small for a family office and too busy for a brokerage.

Architecture

Read-only bank link, nightly sweep, T+0 recall for payroll calendars. No advice, no securities recommendation — cash management as a utility.

Execution

1,204 businesses live. Next motion is a second sweep bank and a white-label for regional CPAs.

Stress-test

Money-transmitter maps differ by state; three states remain on hold.
Duration mismatch in week-four of a payroll-heavy cohort — shortened ladder.
Partner bank concentration: 62% of AUM at a single sweep provider.

Gates

Reg D 506(c) disclosurePass
State MTL (3 remain)Hold
AML / CIPPass
FDIC pass-throughPass

Risk vector

Market

Ops

Legal

Counterparty

Concentration

Liquidity

Swarm trail

counselHARBOR sweep program maps to Reg D 506(c). Disclosure pack queued. Three MTL states still dark.
yieldHARBOR duration shortened one rung after payroll-week mismatch. Idle yield still compounding.