A NOTE FROM NICK
I built EvenPenny because I was the one doing the reconciliation.
I'm Nick DeAngelis. I've spent about ten years in finance: credit underwriting and portfolio work in private credit, investment banking before that, then finance leadership at a venture-backed operating company, and most recently fractional CFO for an independent surety brokerage. UT undergrad, Kellogg MBA.
The pattern I kept finding
Every organization I've worked inside had the same problem in a different costume. The reports held the information, but no two systems agreed, and the person who could explain the difference was doing it by hand. At one company, every department ran its own spreadsheet as a source of truth and nobody reconciled them to each other. At the brokerage, it was carrier statements, the management system, the bank, and producer commissions, each telling a slightly different story about the same bond.
What I built, and why it worked
In February 2026, with no coding background, I built the first version of EvenPenny in eight days to replace my own reconciliation spreadsheets. Two months later it had eight modules and the principals were running the agency on it. Along the way it surfaced things the spreadsheet never would have: a commission rate that had drifted for years, a digit transposition that had hidden a five-figure balance for months, and a cash-versus-accrual difference that no developer would catch without understanding the accounting.
That last part is the point. A pure developer builds a reconciliation tool that assumes the management system is right. A pure accountant knows it isn't and deals with it in Excel. The product only works because it was built by someone who had to do both jobs. We track Matched AP, a metric we haven’t seen any AMS report: carrier payable that is verified against the carrier's own statement, not just booked.
How I work with customers
I run onboarding myself. We start with the reports you already export, one carrier, one statement period, and I build the parser for your carrier formats. After that, a monthly check-in until the process is yours. I also write the guides in the resource library, because I'd rather hand you the explanation than make you call me for it.
One principle
Premium you've collected belongs to the carrier until you remit it. Commission belongs to the producer until it's paid. The owner's money is what's left after both, and the job of this software is to make that number honest. I came to that from a fiduciary background, and it's the reason the owner dashboard says "what's left" instead of "cash."
Talk to me about your agency
hello@evenpenny.com
Common questions
- Why did you start with surety?
- I was the one reconciling the statements at a surety brokerage. Building around that work gave me the accounting questions and the source records at the same time.
- Can we discuss another workflow?
- Yes. Tell me what your team is doing by hand, which reports it starts with, and what it needs at the end. Email hello@evenpenny.com.
- Where can I see your approach?
- The resource library has my reconciliation checklist, worked examples, and guides to the financial questions behind the agency back office.