For all the talk of “digital transformation,” most physical-world industries - construction, energy, logistics, manufacturing, healthcare delivery - still rely on Excel, phone calls, paper checks and invoices, and tribal workflows.

They move billions daily, but the financial stack underneath is still primarily 1990s software glued together with PDFs. That gap between physical cash flow and digital finance is where we see opportunity. We believe the next wave of fintech will emerge at the intersection of atoms and finance - where physical operations meet payment flows, reconciliation workflows, and financial infrastructure. Some of the verticals that we’ve been spending time in have included (but not limited to): 

Healthcare (RCM, Payer/Provider, Ancillary)

• Unique problems: Healthcare is the ultimate reconciliation nightmare: claims, denials, prior auth, patient billing, and third-party reimbursements.
• Example agentic actions: Agent validates claims, posts remittances, reconciles EOBs, and initiates follow-up AR actions autonomously.

Manufacturing

• Unique problems: BOM-driven costing, vendor POs, multi-plant accounting, and variable pricing.
• Example agentic actions: Invoice matching (3-way match), FX reconciliation, and SKU cost allocation.

Energy & Utilities

• Unique problems: Metered pricing, fuel surcharges, and commodity-linked billing.
• Example agentic actions: Consumption vs. contract terms, collections, dynamic hedging.

Telecom / Data Infrastructure

• Unique problems: Usage-based billing, multi-tenant reconciliation, taxes, and network settlement.
• Example agentic actions: Usage vs. invoice reconciliation, regional taxes, billing adjustments.

Real Estate / Property Management

• Unique problems: Complex rent rolls, vendor payments, CapEx vs. OpEx accounting.
• Example agentic actions: Automated rent collection, CAM reconciliation, lease-to-cash flows.

Insurance (P&C, health, specialty)

• Unique problems: Involves premium payments, claims, and broker commissions across multiple parties.
• Example agentic actions: Automated claim ledger reconciliation, premium allocation, reinsurance settlements.

Public Sector / GovTech

• Unique problems: Grants, reimbursements, tax collection, and budget flows with complex approvals.
• Example agentic actions: Automated fund disbursement, compliance reconciliation, cross-agency reporting, treasury management.

Education

• Unique problems: Tuition, grants, and financial aid management; multiple payers per student.
• Example agentic actions: Automated AR/AP across funding sources; deferred revenue recognition, student retention.

Agriculture / Food Supply

• Unique problems: Seasonality + co-op structures create unique cash flow logic.
• Example agentic actions: Automated yield-based payments, crop insurance reconciliation, supplier settlements.

Legal / Professional Services

• Unique problems: Project-based billing with complex retainers + trust accounting.
• Example agentic actions: Time-entry reconciliation, client trust accounting, automated invoice validation.