Welcome to FinTech Weekly - the beacon of disruption for innovators in finance and banking. Our archives cover dozens of Seed, Series A and Series B startups. Subscribe to receive 3 new summaries every Wednesday. 

 
 

week 29

        This FinTech has been growing quite steadily since its founding. Autobooks is a Detroit-based startup whose software serves small businesses by automatically handling a range of accounting tasks. These tools include collecting payments owed to a business and distributing payments that the business owes to others. The startup licenses their software to banks and integrates it with online banking platforms to make their technology available to these small business customers. Recently, Autobooks has closed on a $5.5 million Series A funding round led by Pittsburgh-based Draper Triangle, proving that their steady growth will only go up from here.  

 

 

 

 

This FinTech has been growing quite steadily since its founding. Autobooks is a Detroit-based startup whose software serves small businesses by automatically handling a range of accounting tasks. These tools include collecting payments owed to a business and distributing payments that the business owes to others. The startup licenses their software to banks and integrates it with online banking platforms to make their technology available to these small business customers. Recently, Autobooks has closed on a $5.5 million Series A funding round led by Pittsburgh-based Draper Triangle, proving that their steady growth will only go up from here.

 

From either end, debt collection is not fun. Either you have to give up your money, or you have to continually hassle loaners to repay their debts (which reduces your own ability to get repaid). Collectly is taking debt collection online to make this process easier and more transparent. The startup works by identifying and studying debtors through tracking records such as when they open and respond to emails. Through this, Collectly can target higher-value debts and which debts are more likely to be repaid. Collectly is currently targeting the medical industry, and has a success rate of 56 percent with early customers.

From either end, debt collection is not fun. Either you have to give up your money, or you have to continually hassle loaners to repay their debts (which reduces your own ability to get repaid). Collectly is taking debt collection online to make this process easier and more transparent. The startup works by identifying and studying debtors through tracking records such as when they open and respond to emails. Through this, Collectly can target higher-value debts and which debts are more likely to be repaid. Collectly is currently targeting the medical industry, and has a success rate of 56 percent with early customers.

From either end, debt collection is not fun. Either you have to give up your money, or you have to continually hassle loaners to repay their debts (which reduces your own ability to get repaid). Collectly is taking debt collection online to make this process easier and more transparent. The startup works by identifying and studying debtors through tracking records such as when they open and respond to emails. Through this, Collectly can target higher-value debts and which debts are more likely to be repaid. Collectly is currently targeting the medical industry, and has a success rate of 56 percent with early customers.

From either end, debt collection is not fun. Either you have to give up your money, or you have to continually hassle loaners to repay their debts (which reduces your own ability to get repaid). Collectly is taking debt collection online to make this process easier and more transparent. The startup works by identifying and studying debtors through tracking records such as when they open and respond to emails. Through this, Collectly can target higher-value debts and which debts are more likely to be repaid. Collectly is currently targeting the medical industry, and has a success rate of 56 percent with early customers.

 

week 28

There are a lot of apps on the FinTech market out right now to help you save money for the future. Pariti focuses on the issue of debt to tackle savints in a unique way. When using Pariti, the user can track their spending and pay off their existing debt such as from overdraft and credit cards. Exactly how does the London based company allow you to get out of debt quicker and glide closer to a debt free lifestyle? From within the app, Pariti allows you to apply for a consolidation loan to reduce debt without affecting your credit score. With a total funding of $710k in 1 Round from 6 Investors, Pariti already has the app available for download on the Apple store.

There are a lot of apps on the FinTech market out right now to help you save money for the future. Pariti focuses on the issue of debt to tackle savints in a unique way. When using Pariti, the user can track their spending and pay off their existing debt such as from overdraft and credit cards. Exactly how does the London based company allow you to get out of debt quicker and glide closer to a debt free lifestyle? From within the app, Pariti allows you to apply for a consolidation loan to reduce debt without affecting your credit score. With a total funding of $710k in 1 Round from 6 Investors, Pariti already has the app available for download on the Apple store.

        Currencycloud connects your company to the global market. The FinTech is a London based startup that builds the APIs necessary for businesses to enable remittances and money exchanges across the border. Today, Currencycloud works with about 200 customers in 35 different countries. They've made news recently with their announcement of a £20 million ($25 million) funding in a Series D round led by Google’s GV. This brings the company's total funding up to $61 million. While Currencycloud has been around for a few years, this recent increase in funds could lead to a peak year for this FinTech startup.  

 

 

 

 

Currencycloud connects your company to the global market. The FinTech is a London based startup that builds the APIs necessary for businesses to enable remittances and money exchanges across the border. Today, Currencycloud works with about 200 customers in 35 different countries. They've made news recently with their announcement of a £20 million ($25 million) funding in a Series D round led by Google’s GV. This brings the company's total funding up to $61 million. While Currencycloud has been around for a few years, this recent increase in funds could lead to a peak year for this FinTech startup.

 

On our final stop around Europe, we reach the German based startup solarisBank. The two-year old startup is a tech company with a banking license. The FinTech startup uses API technology to power companies and allow them to offer financial services. Yesterday, it was announced that solarisBank has raised €26.3 million (£22.9 million) to expand its banking platform to Asia in a series A funding led by Arvato. They also have named a former Deutsche Bank exec, Roland Folz, as its new CEO. With these exciting new additions, it will be interesting to see where solarisBank is headed to this year.

On our final stop around Europe, we reach the German based startup solarisBank. The two-year old startup is a tech company with a banking license. The FinTech startup uses API technology to power companies and allow them to offer financial services. Yesterday, it was announced that solarisBank has raised €26.3 million (£22.9 million) to expand its banking platform to Asia in a series A funding led by Arvato. They also have named a former Deutsche Bank exec, Roland Folz, as its new CEO. With these exciting new additions, it will be interesting to see where solarisBank is headed to this year.

 

week 27

Motif is a mobile and web-based investing platform. After surveying customers, Motif found that 83% of Americans indicated that personal values are very important to them when investing, yet 64% responded that they do not have a clear understanding of what they are investing in. Yesterday, Motif took the plunge and launched a value-driven automated investment service. Motif partnered with MSCIESG Research to launch the software system that develops a company's portfolio based on assessments of their performance and metrics. This also includes important measures of company value for customers such as adherence to child labor policies. Now, customers can be aware of where their money is going, and according to their survey, this will lead to happier customers for Motif as well.

Motif is a mobile and web-based investing platform. After surveying customers, Motif found that 83% of Americans indicated that personal values are very important to them when investing, yet 64% responded that they do not have a clear understanding of what they are investing in. Yesterday, Motif took the plunge and launched a value-driven automated investment service. Motif partnered with MSCIESG Research to launch the software system that develops a company's portfolio based on assessments of their performance and metrics. This also includes important measures of company value for customers such as adherence to child labor policies. Now, customers can be aware of where their money is going, and according to their survey, this will lead to happier customers for Motif as well.

Qapital is a personal finance app that wants to turn happiness into money (and vice versa). The app allows you to choose a goal and then uses behavioral economics to set up rules that automate transfers into your savings. If you have a guilty pleasure and you've just go to buy it, these rules will automatically save a set amount of money. If you reach a new goal on one of your favorite apps, such as fitbit, it will also transfer money into your savings. You can set savings goals by yourself or with family and friends. According to their website, their users save an average of $44 per month. Recently, Qapital raised $12 million in Series A funding from notable investors like Northzone, Anthemis Exponential Ventures, Industrifonden and Rocketship VC.

Qapital is a personal finance app that wants to turn happiness into money (and vice versa). The app allows you to choose a goal and then uses behavioral economics to set up rules that automate transfers into your savings. If you have a guilty pleasure and you've just go to buy it, these rules will automatically save a set amount of money. If you reach a new goal on one of your favorite apps, such as fitbit, it will also transfer money into your savings. You can set savings goals by yourself or with family and friends. According to their website, their users save an average of $44 per month. Recently, Qapital raised $12 million in Series A funding from notable investors like Northzone, Anthemis Exponential Ventures, Industrifonden and Rocketship VC.

Wirex is a bitcoin debit card provider that combines bitcoin with traditional currency. The company provides their users with both virtual and physical pre-paid cards that their customers can top up with bitcoin or fiat money. Along with these worldwide-issued cards, Wirex provides an online banking account and the opportunity to cheaply transfer money. This week, Wirex announced that it has secured $3 million in Series A funding round from Japanese leading financial services firm SBI Group. With these new funds under their belt, the startup plans on developing new features, licensing, and security. Wirex has also stated that it plans on expanding its services and push bitcoin in the Asia-Pacific region to the next level.

Wirex is a bitcoin debit card provider that combines bitcoin with traditional currency. The company provides their users with both virtual and physical pre-paid cards that their customers can top up with bitcoin or fiat money. Along with these worldwide-issued cards, Wirex provides an online banking account and the opportunity to cheaply transfer money. This week, Wirex announced that it has secured $3 million in Series A funding round from Japanese leading financial services firm SBI Group. With these new funds under their belt, the startup plans on developing new features, licensing, and security. Wirex has also stated that it plans on expanding its services and push bitcoin in the Asia-Pacific region to the next level.

 

week 26

Dealflo is a financial automation service; however, don't put it in a bubble just yet. Dealflo allows greater control and for the user to automate more of the process than with other traditional electronic signature vendors. The result is a reduction in both cost and financial risk. The London FinTech firm uses a cloud-based platform to process over $10 billion of financial transactions annually for big names such as BNP Paribas, Mercedes-Benz, and Prudential. Recently, Dealflo has announced a £10m Series B investment led by venture capital firm Holtzbrinck Ventures, with additional funds from Notion Capital and Frog Capital.

Dealflo is a financial automation service; however, don't put it in a bubble just yet. Dealflo allows greater control and for the user to automate more of the process than with other traditional electronic signature vendors. The result is a reduction in both cost and financial risk. The London FinTech firm uses a cloud-based platform to process over $10 billion of financial transactions annually for big names such as BNP Paribas, Mercedes-Benz, and Prudential. Recently, Dealflo has announced a £10m Series B investment led by venture capital firm Holtzbrinck Ventures, with additional funds from Notion Capital and Frog Capital.

Simple is an online banking service that transforms the typical banking experience using a beautiful design and nifty tools to help you save. Yesterday, Simple launched a new banking product targeted for young people who want to collaborate on their finances, but aren't looking for traditional joint checking accounts (like the married kind). Now, customers can log onto the Simple app and switch over to a shared account. They can use cool features such as tracking their combined expenses, setting budgeting goals for each other, and moving money between shared and personal accounts. If you've got a roommate or a relationship that's getting serious, it might be time to check out this fast growing company.

Simple is an online banking service that transforms the typical banking experience using a beautiful design and nifty tools to help you save. Yesterday, Simple launched a new banking product targeted for young people who want to collaborate on their finances, but aren't looking for traditional joint checking accounts (like the married kind). Now, customers can log onto the Simple app and switch over to a shared account. They can use cool features such as tracking their combined expenses, setting budgeting goals for each other, and moving money between shared and personal accounts. If you've got a roommate or a relationship that's getting serious, it might be time to check out this fast growing company.

How much money do you think you have lost on forgetting to cancel your recurring subscription fees? Hiatus is here to put an end to unnecessary spending. Each month, Hiatus will notify you before you pay a recurring fee and let you cancel it through the method that the subscription company requires. Hiatus, which has raised $1.2M in seed funding, has recently announced a new service to help differentiate itself from the competition. Their new bill negotiation tool actually reaches out to the company if you feel like you have been paying too much for your monthly services. They will keep your same plan, but negotiate to reduce the cost of it. The tool has been successful for 93% of users, who will save an average of $137 per year; note that half of the cost of your first yearly savings will be paid to Hiatus.

How much money do you think you have lost on forgetting to cancel your recurring subscription fees? Hiatus is here to put an end to unnecessary spending. Each month, Hiatus will notify you before you pay a recurring fee and let you cancel it through the method that the subscription company requires. Hiatus, which has raised $1.2M in seed funding, has recently announced a new service to help differentiate itself from the competition. Their new bill negotiation tool actually reaches out to the company if you feel like you have been paying too much for your monthly services. They will keep your same plan, but negotiate to reduce the cost of it. The tool has been successful for 93% of users, who will save an average of $137 per year; note that half of the cost of your first yearly savings will be paid to Hiatus.

 

week 25

New York-based OpenFin provides HTML5 runtime technology for some of the world's largest financial institutions, including BNP Paribas, Citigroup, HSBC, ICAP, JP Morgan and more. One of OpenFin's secrets to success is its deep commitment to open source technology. OpenFin unifies thousands of financial desktop apps under one layer, resulting in contributions from a broader community. Last week, OpenFin announced the raising of $15 million in Series B funding round. Some of their very impressive investors include Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, NEX’s Euclid Opportunities, Nyca Partners, Pivot Investment Partners, and more finance executives.

New York-based OpenFin provides HTML5 runtime technology for some of the world's largest financial institutions, including BNP Paribas, Citigroup, HSBC, ICAP, JP Morgan and more. One of OpenFin's secrets to success is its deep commitment to open source technology. OpenFin unifies thousands of financial desktop apps under one layer, resulting in contributions from a broader community. Last week, OpenFin announced the raising of $15 million in Series B funding round. Some of their very impressive investors include Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, NEX’s Euclid Opportunities, Nyca Partners, Pivot Investment Partners, and more finance executives.

Monzo is a UK only digital bank, one of many of its kind that strives to take banking to a completely online platform. Monzo sets itself apart from the competition by claiming the ability to get instant spending notifications, add receipts to your purchases, manage your budget, and more. They don't also charge setup or usage fees, and they do not charge extra for spending abroad. They've made the news this week with rumors of closing in on a Series C funding round with a potential investor from British popstar Tom Odell. While Monzo has only been granted a banking license since last August, they already have over 100,000 users. Hopefully, we will be hearing about a successful funding round for Monzo as soon as later this week.  

Monzo is a UK only digital bank, one of many of its kind that strives to take banking to a completely online platform. Monzo sets itself apart from the competition by claiming the ability to get instant spending notifications, add receipts to your purchases, manage your budget, and more. They don't also charge setup or usage fees, and they do not charge extra for spending abroad. They've made the news this week with rumors of closing in on a Series C funding round with a potential investor from British popstar Tom Odell. While Monzo has only been granted a banking license since last August, they already have over 100,000 users. Hopefully, we will be hearing about a successful funding round for Monzo as soon as later this week.

 

ZestMoney is a Banagalore- based FinTech startup. According to their website, less than 10 million people in India today own, or even want, a credit card. As one of India's first cardless EMI products, the company allows customers to buy products and pay for them over an extended period of time, without having to use a credit card. You can open an account in minutes and repay at any time without penalties. ZestMoney recently announced a capital gain of $6.5 million in its series A round of funding, led by Naspers-owned PayU. The startup has also announced that they will be using this funding towards product and technology development.

ZestMoney is a Banagalore- based FinTech startup. According to their website, less than 10 million people in India today own, or even want, a credit card. As one of India's first cardless EMI products, the company allows customers to buy products and pay for them over an extended period of time, without having to use a credit card. You can open an account in minutes and repay at any time without penalties. ZestMoney recently announced a capital gain of $6.5 million in its series A round of funding, led by Naspers-owned PayU. The startup has also announced that they will be using this funding towards product and technology development.

 

WEEK 24

Innovating on their original multi-user expense account aimed at families, Soldo has launched the same product for businesses who need to manage expenses across the company. The product went live this week. This London based FinTech allows businesses to delegate spending to their employees while retaining control over the entire operation. For example, Soldo allows the company to set cash limits and also block online payments and foreign transactions. Soldo utilizes Mastercard® to take their business global. You can download the app on both iOS and Android systems.

Innovating on their original multi-user expense account aimed at families, Soldo has launched the same product for businesses who need to manage expenses across the company. The product went live this week. This London based FinTech allows businesses to delegate spending to their employees while retaining control over the entire operation. For example, Soldo allows the company to set cash limits and also block online payments and foreign transactions. Soldo utilizes Mastercard® to take their business global. You can download the app on both iOS and Android systems.

It's pretty simple - Better Mortgage makes your mortgage, well, better. You can get a rate quote in just 3 seconds, pre-approved in 3 minutes, and apply from anywhere through a 100% online platform. Their staff members don't paid through commission; in other words, their focus is on supporting you, not making the biggest sale. This past week, Better Mortgage raised $15 Mn in a Series B funding from Kleiner Perkins, Goldman Sachs, and Pine Brook - a nice little addition to their $30 million dollar Series A funding round from last June. The startup announced that it will use the new capital to support the launch and expansion of Better’s home purchase finance product.

It's pretty simple - Better Mortgage makes your mortgage, well, better. You can get a rate quote in just 3 seconds, pre-approved in 3 minutes, and apply from anywhere through a 100% online platform. Their staff members don't paid through commission; in other words, their focus is on supporting you, not making the biggest sale. This past week, Better Mortgage raised $15 Mn in a Series B funding from Kleiner Perkins, Goldman Sachs, and Pine Brook - a nice little addition to their $30 million dollar Series A funding round from last June. The startup announced that it will use the new capital to support the launch and expansion of Better’s home purchase finance product.

Plaid is a San Francisco-based FinTech startup that strives to develop the future of financial services. The firm's API allows businesses to connect their bank accounts with financial applications. You may not have heard of Plaid, but this company is responsible for some of the applications that you might be using on a day to day basis. Their infrastructures are used for FinTech applications of small startups as well as larger companies such as Paypal/Venmo, Capital One, and Lending Club. Plaid has announced investments from Citi Ventures and American Express Ventures, which are part of the startup’s previously announced $44 million Series B round led by Goldman Sachs Investment Partners.

Plaid is a San Francisco-based FinTech startup that strives to develop the future of financial services. The firm's API allows businesses to connect their bank accounts with financial applications. You may not have heard of Plaid, but this company is responsible for some of the applications that you might be using on a day to day basis. Their infrastructures are used for FinTech applications of small startups as well as larger companies such as Paypal/Venmo, Capital One, and Lending Club. Plaid has announced investments from Citi Ventures and American Express Ventures, which are part of the startup’s previously announced $44 million Series B round led by Goldman Sachs Investment Partners.

 

week 23

You might have heard of Qvivr's SWYP card, an all in one credit card designed to give users one card with multiple accounts. However, Qvivr does not plan on continuing to sell its SWYP card, although it will continue to ship it out to anyone who has preordered it. With a recent $5M in Series A funding, it's not game over yet for Qvivr. They plan on using this new funding on a new project they are working on; a new piece of hardware to make payments “more fun” for millennials. While the details haven't been released yet, the product will probably have some of the features of the SWYP card with a focus on making millennials happy to keep swiping their cards.

You might have heard of Qvivr's SWYP card, an all in one credit card designed to give users one card with multiple accounts. However, Qvivr does not plan on continuing to sell its SWYP card, although it will continue to ship it out to anyone who has preordered it. With a recent $5M in Series A funding, it's not game over yet for Qvivr. They plan on using this new funding on a new project they are working on; a new piece of hardware to make payments “more fun” for millennials. While the details haven't been released yet, the product will probably have some of the features of the SWYP card with a focus on making millennials happy to keep swiping their cards.

Perpule is an interesting story about an emerging innovative product that is sure to catach attention. Perpule, India's first self-checkout app, allows users to skip long queues at the store by using an app that scans the barcode and cuts the timely process of shopping down. Two of the founders, Abhinav Pathak and Saketh BS, first noticed the issue of long queues while working with Goldman Sachs in 2015. Naturally, they set out to make a retail app to solve this problem. By the end of 2016, the product went live in three cities and three stores. It's currently available on Google Play and the iOS app store and be used with partnered Perpule stores.

Perpule is an interesting story about an emerging innovative product that is sure to catach attention. Perpule, India's first self-checkout app, allows users to skip long queues at the store by using an app that scans the barcode and cuts the timely process of shopping down. Two of the founders, Abhinav Pathak and Saketh BS, first noticed the issue of long queues while working with Goldman Sachs in 2015. Naturally, they set out to make a retail app to solve this problem. By the end of 2016, the product went live in three cities and three stores. It's currently available on Google Play and the iOS app store and be used with partnered Perpule stores.

Another recent recipient of a series A funding is Folio, a Japanese FinTech startup. Folio revolutionizes investing by offering an online assessment management platform to help build better investors. The FinTech company is a brokerage that helps users manage customizable investment portfolios of up to 100 stocks. Not new to the game, Folio has been an innovator since 2000. 17 years later, Folio is still receiving support from investors; this year, they received a fresh $16 million series A. The company has announced that it plans on using this money to promote product development, marketing, and securing human resources.  

Another recent recipient of a series A funding is Folio, a Japanese FinTech startup. Folio revolutionizes investing by offering an online assessment management platform to help build better investors. The FinTech company is a brokerage that helps users manage customizable investment portfolios of up to 100 stocks. Not new to the game, Folio has been an innovator since 2000. 17 years later, Folio is still receiving support from investors; this year, they received a fresh $16 million series A. The company has announced that it plans on using this money to promote product development, marketing, and securing human resources.

 

 

week 22

Starburst Labs offers a variety of vertically set FinTech apps that serve to connect the investor to a financial professional. Their product stack includes InvestorSay, PaperTradio.io, Wealthbase, and Welathbox CRM. All of these apps serve as customer relationship management tools with differing sets of important functions, each poised to disrupt the financial planning industry. It is definitely worth checking out their website for more information on what each product can do. Recently, the New York-based company has landed $6.25 million in its first institutional round of financing; not too shabby for a relatively new company's first round. The Series A funding round was led by Bel45 Capital Partners.

Starburst Labs offers a variety of vertically set FinTech apps that serve to connect the investor to a financial professional. Their product stack includes InvestorSay, PaperTradio.io, Wealthbase, and Welathbox CRM. All of these apps serve as customer relationship management tools with differing sets of important functions, each poised to disrupt the financial planning industry. It is definitely worth checking out their website for more information on what each product can do. Recently, the New York-based company has landed $6.25 million in its first institutional round of financing; not too shabby for a relatively new company's first round. The Series A funding round was led by Bel45 Capital Partners.

Cleo is an AI chatbot designed to make your financial life easier. Founded in London, this FinTech startup is only about a year old, but she's got a multitude of skills under her belt; you can ask the financial assistant about your current balance, your spending per category, and numerous other helpful pieces of information to keep your accounts in check. Cleo uses financial software called SaltEdge to scan your transaction history, calculating and spotting interesting spending trends and habits while letting you keep track of budgets. And she's already got some notable fans. Skype founder Niklas Zennström was part of the $700,000 round of funding that Cleo recently acquired from a list of angel investors.

Cleo is an AI chatbot designed to make your financial life easier. Founded in London, this FinTech startup is only about a year old, but she's got a multitude of skills under her belt; you can ask the financial assistant about your current balance, your spending per category, and numerous other helpful pieces of information to keep your accounts in check. Cleo uses financial software called SaltEdge to scan your transaction history, calculating and spotting interesting spending trends and habits while letting you keep track of budgets. And she's already got some notable fans. Skype founder Niklas Zennström was part of the $700,000 round of funding that Cleo recently acquired from a list of angel investors.

For everyone who has paid a late fee for missing a payment or been forced to run to the bank for an extra check, this one's for you. BillGO recognizes the pain that comes with paying bills. With BillGO, you don't have to log into multiple websites to get all of your bills paid. You don't have to use debit when you would rather use credit. BillGO pays all your bills from one convenient spot in the form that you want to pay it; in return, it gives the billers the form of payment that they want. And don't worry anymore about using Venmo to pay your people back; BillGO allows you to split the bill on the app. With all of these perks, it's no wonder that earlier this month, MVB Financial Corp. invested in BillGO, bringing the startup’s total funding to over $3 million.

For everyone who has paid a late fee for missing a payment or been forced to run to the bank for an extra check, this one's for you. BillGO recognizes the pain that comes with paying bills. With BillGO, you don't have to log into multiple websites to get all of your bills paid. You don't have to use debit when you would rather use credit. BillGO pays all your bills from one convenient spot in the form that you want to pay it; in return, it gives the billers the form of payment that they want. And don't worry anymore about using Venmo to pay your people back; BillGO allows you to split the bill on the app. With all of these perks, it's no wonder that earlier this month, MVB Financial Corp. invested in BillGO, bringing the startup’s total funding to over $3 million.

 

Week 21

Nutmeg is a London based fintech company that manages your investment portfolio completely from online. All you have to do is set your goals and risk level, and you're ready to let Nutmeg make the investments for you. The more you invest, the lower the fee rate. Recently, Nutmeg has raised £12 million in a Series D funding round that was led by Taiwan’s second largest financial services firm – Taipei Fubon Bank. That's a nice number to add to its total funding - now over 71 million euros. And if you've still got any doubts, Nutmeg publishes it's track record online so that you can see exactly how it fares against its competitors.

Nutmeg is a London based fintech company that manages your investment portfolio completely from online. All you have to do is set your goals and risk level, and you're ready to let Nutmeg make the investments for you. The more you invest, the lower the fee rate. Recently, Nutmeg has raised £12 million in a Series D funding round that was led by Taiwan’s second largest financial services firm – Taipei Fubon Bank. That's a nice number to add to its total funding - now over 71 million euros. And if you've still got any doubts, Nutmeg publishes it's track record online so that you can see exactly how it fares against its competitors.

Using a single platform, Lendkey allows you to find, customize, and fund your loans. These loans are funded by community lenders such as credit unions and community banks. Using Lendkey gives the financial institution the opportunity to attract new borrowers, grow relationships, mitigate risk, and manage liquidity. Recently, Lendkey has been selected as a finalist in the first-ever LendIt Industry Awards in the following categories: Innovator of the Year and Top Service Provider. That's a great achievement considering LendIt is the world's largest show in lending and fintech.

Using a single platform, Lendkey allows you to find, customize, and fund your loans. These loans are funded by community lenders such as credit unions and community banks. Using Lendkey gives the financial institution the opportunity to attract new borrowers, grow relationships, mitigate risk, and manage liquidity. Recently, Lendkey has been selected as a finalist in the first-ever LendIt Industry Awards in the following categories: Innovator of the Year and Top Service Provider. That's a great achievement considering LendIt is the world's largest show in lending and fintech.

Credible, a lender for student and personal loans, gives the power to the borrower. The service is free to use which means no hidden fees. After filling out one form, Credible allows you to compare loan options from a multitude of lenders without affecting your credit score. It's also had a good start to the new year; Credible has closed on a $10 million Series B funding round led by Regal Funds Management, bringing its total funding to 23 million dollars. Credible plans to use the capital to accelerate the development of technology that leverages data to help millennials make smarter financial decisions.  

Credible, a lender for student and personal loans, gives the power to the borrower. The service is free to use which means no hidden fees. After filling out one form, Credible allows you to compare loan options from a multitude of lenders without affecting your credit score. It's also had a good start to the new year; Credible has closed on a $10 million Series B funding round led by Regal Funds Management, bringing its total funding to 23 million dollars. Credible plans to use the capital to accelerate the development of technology that leverages data to help millennials make smarter financial decisions.

 

 

week 20

Revolut is an app that allows you to send and spend money throughout the world. Using your RevolutCard™, you can avoid those annoying bank fees when dealing with money overseas. The FinTech company has just added a bill split feature. You can now request money from your Revolut contacts without having to use a calculator. This is important because popular payment apps such as Venmo aren't available overseas. Between a free Mastercard, bill splitting online, and easy foreign payments, Revolut is poised to take over the global money app industry. And with over $32.45M in 4 Rounds from 7 Investors, they could be well on their way to succeeding.

Revolut is an app that allows you to send and spend money throughout the world. Using your RevolutCard™, you can avoid those annoying bank fees when dealing with money overseas. The FinTech company has just added a bill split feature. You can now request money from your Revolut contacts without having to use a calculator. This is important because popular payment apps such as Venmo aren't available overseas. Between a free Mastercard, bill splitting online, and easy foreign payments, Revolut is poised to take over the global money app industry. And with over $32.45M in 4 Rounds from 7 Investors, they could be well on their way to succeeding.

Currently, bitcoin's value is worth over $1,000 per coin, the highest that it's been for the past 3 years. In other words, now is a great time for innovative companies such as Ripio to continue to step up. Ripio, a digital wallet to pay in installments, buy bitcoins and store money safely, is disrupting the Latin American bitcoin industry. Their goal is to widen financial inclusion and democratize digital economy in Latin America, offering digital payment alternatives within everyone's reach. They've just now closed a $1.9 million Series A round, and they plan on using that money to expand its services in South America.

Currently, bitcoin's value is worth over $1,000 per coin, the highest that it's been for the past 3 years. In other words, now is a great time for innovative companies such as Ripio to continue to step up. Ripio, a digital wallet to pay in installments, buy bitcoins and store money safely, is disrupting the Latin American bitcoin industry. Their goal is to widen financial inclusion and democratize digital economy in Latin America, offering digital payment alternatives within everyone's reach. They've just now closed a $1.9 million Series A round, and they plan on using that money to expand its services in South America.

With over 24 million downloads and more than 500,000 drivers, Grab is the Uber of Southeast Asia. If you don't know how Uber works, it's basically an uber convenient taxi service that you can call from an app on your phone. Grab works similarly, although it has released one new feature to help it edge out it's competitors. Grab is steamrolling ahead with it's efforts to build a digital payment platform, allowing users to store credit inside its app. For Grab, a company that only accepted cash payments up until the start of this year, it's taking fast measures towards innovating into the digital world.

With over 24 million downloads and more than 500,000 drivers, Grab is the Uber of Southeast Asia. If you don't know how Uber works, it's basically an uber convenient taxi service that you can call from an app on your phone. Grab works similarly, although it has released one new feature to help it edge out it's competitors. Grab is steamrolling ahead with it's efforts to build a digital payment platform, allowing users to store credit inside its app. For Grab, a company that only accepted cash payments up until the start of this year, it's taking fast measures towards innovating into the digital world.

 

week 19

Albert is a personal application that funnels all of that complicated financial information into simple advice to help you improve your financial health. It looks at all of your financial accounts and even helps you take direct action by getting the savings processes started for you. The startup has now closed on $2.5 million in seed funding from Bessemer Ventures Partners, CFSI (Center for Financial Services Innovation), 500 Startups, and 500 Fintech, and others. The app is available for free on the iTunes App store and it is in the process of getting launched on Android systems.

Albert is a personal application that funnels all of that complicated financial information into simple advice to help you improve your financial health. It looks at all of your financial accounts and even helps you take direct action by getting the savings processes started for you. The startup has now closed on $2.5 million in seed funding from Bessemer Ventures Partners, CFSI (Center for Financial Services Innovation), 500 Startups, and 500 Fintech, and others. The app is available for free on the iTunes App store and it is in the process of getting launched on Android systems.

Aye Finance funds small and micro enterprises in India that otherwise would not have the opportunity to be in the financial system. Aye Finance's combination of effective business practices and passion for making a social impact has given many micro entrepreneurs an opportunity. The startup operates a network of 31 small but staffed branches across seven states, predominantly in the north of India. So far, Aye Finance has raised $10.3 million in new funding of its own led LGT and existing investors SAIF Partners and Accion.  

Aye Finance funds small and micro enterprises in India that otherwise would not have the opportunity to be in the financial system. Aye Finance's combination of effective business practices and passion for making a social impact has given many micro entrepreneurs an opportunity. The startup operates a network of 31 small but staffed branches across seven states, predominantly in the north of India. So far, Aye Finance has raised $10.3 million in new funding of its own led LGT and existing investors SAIF Partners and Accion.
 

It's an expensive hassle to work with different currencies all over the world and constantly have to convert money. Ibanfirst describes itself as a financial ecosystem; it has already transferred over a billion euros of foreign currency in international payments. All you have to do is open an account for your company on its website. Now, Ibanfirst has a banking license for storing your currency so the company goes beyond just a foreign exchange service. With help from the $11 million (€10 million) from Xavier Niel and others raised recently, Ibanfirst can continue to expand its services.  

It's an expensive hassle to work with different currencies all over the world and constantly have to convert money. Ibanfirst describes itself as a financial ecosystem; it has already transferred over a billion euros of foreign currency in international payments. All you have to do is open an account for your company on its website. Now, Ibanfirst has a banking license for storing your currency so the company goes beyond just a foreign exchange service. With help from the $11 million (€10 million) from Xavier Niel and others raised recently, Ibanfirst can continue to expand its services.

 

 

week 18

Monese allows users to open a UK account without having any UK credit history or even a UK address. The London based fintech startup offers much of the same services as a traditional bank account, yet it is all conveniently packaged into a mobile app. Recently, Monese was named 'Best Challenger Bank' at the European Fintech Awards, 2016. Not only that, Monese has also raised $10 million in a Series A funding round; the plan for this extra money is to launch Monese in European markets other than just the UK.  

Monese allows users to open a UK account without having any UK credit history or even a UK address. The London based fintech startup offers much of the same services as a traditional bank account, yet it is all conveniently packaged into a mobile app. Recently, Monese was named 'Best Challenger Bank' at the European Fintech Awards, 2016. Not only that, Monese has also raised $10 million in a Series A funding round; the plan for this extra money is to launch Monese in European markets other than just the UK.

 

Billfront was created to help digital media companies get money faster. The online lending platform allows fast growing companies to expand their growth potential by offering a flexible financing solution. Recently, the company announced it raised $35 million during a Series A Funding round. According to Greg Dimitriou, Co-Founder and Managing Director of BillFront, Billfront is using the money to acquire new talent for their team, as well as expand on its customer needs. Let's see where a new year and a large investment will take this company.

Billfront was created to help digital media companies get money faster. The online lending platform allows fast growing companies to expand their growth potential by offering a flexible financing solution. Recently, the company announced it raised $35 million during a Series A Funding round. According to Greg Dimitriou, Co-Founder and Managing Director of BillFront, Billfront is using the money to acquire new talent for their team, as well as expand on its customer needs. Let's see where a new year and a large investment will take this company.

Instead of carrying around multiple debit and credit cards, how about just linking them all under one? Curve, powered by MasterCard, takes this idea and makes it happen. Now, you only need one PIN number and one credit card, and the rest will be available on one mobile app. Even better, the London startup has finally brought its wares to Android, previously only available on iOS. Between London startups and Series A funding, you might be noticing a pattern in this week's list of FinTech startups. Rumor has it, Curve is also closing in on a Series A round of around $8 million; hopefully, it can join the pack.

Instead of carrying around multiple debit and credit cards, how about just linking them all under one? Curve, powered by MasterCard, takes this idea and makes it happen. Now, you only need one PIN number and one credit card, and the rest will be available on one mobile app. Even better, the London startup has finally brought its wares to Android, previously only available on iOS. Between London startups and Series A funding, you might be noticing a pattern in this week's list of FinTech startups. Rumor has it, Curve is also closing in on a Series A round of around $8 million; hopefully, it can join the pack.

 

week 17

With Trym, you don't have to dive into starting your own business all by yourself. Pick and customize from one of two Trym plans, and you are on your way to an entrepreneurial success story. One of the plans provides you with simply the legal protective stuff, and the other gives the entire spectrum, from help with marketing and productivity plans, to starting your financial accounts. This year, the company has received $125,000 in funding from 500 startups, and was named one of Forbe's top startups from 500 startups' batch 18.

With Trym, you don't have to dive into starting your own business all by yourself. Pick and customize from one of two Trym plans, and you are on your way to an entrepreneurial success story. One of the plans provides you with simply the legal protective stuff, and the other gives the entire spectrum, from help with marketing and productivity plans, to starting your financial accounts. This year, the company has received $125,000 in funding from 500 startups, and was named one of Forbe's top startups from 500 startups' batch 18.

DataRole tracks million of home repair projects in order to give the best real estate data possible. Their API predicts decisions based on solid data that takes out the guessing work in repairs and determine the risk of needing home improvements. Previously only available to those looking to hire contractors, the company has changed it's target to insurance companies after gaining increasing interest from insurers. This is definitely an opportunity for much higher revenue. Recently, the company won the Audience Pick award at Strata + Hadoop World's startup showcase as the only InsurTech big data finalist.

DataRole tracks million of home repair projects in order to give the best real estate data possible. Their API predicts decisions based on solid data that takes out the guessing work in repairs and determine the risk of needing home improvements. Previously only available to those looking to hire contractors, the company has changed it's target to insurance companies after gaining increasing interest from insurers. This is definitely an opportunity for much higher revenue. Recently, the company won the Audience Pick award at Strata + Hadoop World's startup showcase as the only InsurTech big data finalist.

NextAgency is a data management engine with not one but two components, one for the brokers and one for the employers. The first is called NextBroker, software that helps, you guessed it, brokers sell more efficiently to their clients. The second is NextHR, software that the brokers can give to their clients to help them manage their own employees and administer benefits. As a data management engine, their goal is to help you organize and execute your tasks better. The company, which is also an NAHU partner, is straightforward about their direct competition with Zenefits. The co-founder of NextAgency, Alan Katz, claims that their software will help brokers level the playing field against Zenefits. Stay tuned for the third component, NextMarket, which is on it's way to being released in March 2017.

NextAgency is a data management engine with not one but two components, one for the brokers and one for the employers. The first is called NextBroker, software that helps, you guessed it, brokers sell more efficiently to their clients. The second is NextHR, software that the brokers can give to their clients to help them manage their own employees and administer benefits. As a data management engine, their goal is to help you organize and execute your tasks better. The company, which is also an NAHU partner, is straightforward about their direct competition with Zenefits. The co-founder of NextAgency, Alan Katz, claims that their software will help brokers level the playing field against Zenefits. Stay tuned for the third component, NextMarket, which is on it's way to being released in March 2017.

 

week 16

 
Zensurance thinks about commercial insurance differently. The heads of the company grew tired of the traditional outdated and complicated insurance, quit their jobs, and set out to create a company that streamlines the process for the customer's needs. As the name suggests, Zensurance will have you clearheaded rather than pulling your hair out at outdated insurance processes. They took the “fear factor” and unnecessary jargon out of purchasing insurance and ended with a user friendly experience. The DMZ-based startup was recently awarded first place and $25,000 at the DMZ and BMO’s the Next Big Idea in FinTech competition.

Zensurance thinks about commercial insurance differently. The heads of the company grew tired of the traditional outdated and complicated insurance, quit their jobs, and set out to create a company that streamlines the process for the customer's needs. As the name suggests, Zensurance will have you clearheaded rather than pulling your hair out at outdated insurance processes. They took the “fear factor” and unnecessary jargon out of purchasing insurance and ended with a user friendly experience. The DMZ-based startup was recently awarded first place and $25,000 at the DMZ and BMO’s the Next Big Idea in FinTech competition.

Everyone needs to use money, yet according to founder and Chief Executive Officer of Finimize, less than a third of our generation has sought financial advice in the past five years. Seems unreasonable, right? That's why Finimize helps our millennial market gain the necessary financial literacy through daily news that gives a three minute brief on top financial stories. It's free, written in plain English, and takes minimal time out of your day; music to the ears of any millennial. The company is planning to help out this demographic even more; it's in the works for launching MyLife platform, which will provide users with a detail and personalised financial plan within three minutes guided by the firm’s algorithms. Recently, in a seed funding round led by Passion Capital, Finimize has raised £450k.

Everyone needs to use money, yet according to founder and Chief Executive Officer of Finimize, less than a third of our generation has sought financial advice in the past five years. Seems unreasonable, right? That's why Finimize helps our millennial market gain the necessary financial literacy through daily news that gives a three minute brief on top financial stories. It's free, written in plain English, and takes minimal time out of your day; music to the ears of any millennial. The company is planning to help out this demographic even more; it's in the works for launching MyLife platform, which will provide users with a detail and personalised financial plan within three minutes guided by the firm’s algorithms. Recently, in a seed funding round led by Passion Capital, Finimize has raised £450k.

Hippo is here for a much needed disruption of the home insurance market and to bring the process to an online platform. The company is able to offer lower prices by skipping past expensive commissioned agents and working directly with the customer. It's already raised $14 million with the last round of investing led by Horizon Ventures, and also included investments from RPM Ventures, Propel Venture Partners, GGV Capital, and Pipeline Capital. Hippo, made for modern homeowners, has plans to launch in early 2017.  

Hippo is here for a much needed disruption of the home insurance market and to bring the process to an online platform. The company is able to offer lower prices by skipping past expensive commissioned agents and working directly with the customer. It's already raised $14 million with the last round of investing led by Horizon Ventures, and also included investments from RPM Ventures, Propel Venture Partners, GGV Capital, and Pipeline Capital. Hippo, made for modern homeowners, has plans to launch in early 2017.

 

 

week 15

Aire helps people qualify for essential financial products by allowing them to build and control their own credit score. The company has it's morals straight; it uses ethical means and clean data to eliminate bias in credit scoring so that more people can be included in the financial population. The company helps out people with a “thin credit file”, also known as people who don't have much history with credit. Aire believes that just because someone has no credit doesn't mean that they have bad credit, and uses data-driven algorithms to give people a fair credit score. Aire was also selected to participate in the European Fintech Top 100 competition this year.

Aire helps people qualify for essential financial products by allowing them to build and control their own credit score. The company has it's morals straight; it uses ethical means and clean data to eliminate bias in credit scoring so that more people can be included in the financial population. The company helps out people with a “thin credit file”, also known as people who don't have much history with credit. Aire believes that just because someone has no credit doesn't mean that they have bad credit, and uses data-driven algorithms to give people a fair credit score. Aire was also selected to participate in the European Fintech Top 100 competition this year.

It's every shopaholic's dream: a service that will make online shopping even easier for the customer. Klanra simplifies the online shopping experience by allowing eligible customers to take control of how they pay online; this means paying after delivery, making payments over time, and choosing your own preferred method of payment. According to their website, 45 million customers are already using Klarna on 65,000 online stores in 18 countries. The company has recently signed deals with Topshop and Miss Selfridge, two immensely popular shopping sites for young people. As one of Europe's fastest growing companies, it's no wonder why Klarna was also selected to participate in the European Fintech Top 100 competition this year.  

It's every shopaholic's dream: a service that will make online shopping even easier for the customer. Klanra simplifies the online shopping experience by allowing eligible customers to take control of how they pay online; this means paying after delivery, making payments over time, and choosing your own preferred method of payment. According to their website, 45 million customers are already using Klarna on 65,000 online stores in 18 countries. The company has recently signed deals with Topshop and Miss Selfridge, two immensely popular shopping sites for young people. As one of Europe's fastest growing companies, it's no wonder why Klarna was also selected to participate in the European Fintech Top 100 competition this year.
 

PeerStreet gives investors easy access to high quality real estate loan investments online. Recently, Venture capital firm Andreessen Horowitz has led a $15 million investment in PeerStreet. This isn't the first high profile investment that the company has received; it also has investments from Adam Nash, former chief executive of Wealthfront, and Michael Burry, the hedge fund manager who famously predicted the credit crisis of 2008. The company was founded by former Google exec Brett Crosby and real estate attorney Brew Johnson. With the high profile funding and experienced employees, this company is set to go far in the FinTech industry.  

PeerStreet gives investors easy access to high quality real estate loan investments online. Recently, Venture capital firm Andreessen Horowitz has led a $15 million investment in PeerStreet. This isn't the first high profile investment that the company has received; it also has investments from Adam Nash, former chief executive of Wealthfront, and Michael Burry, the hedge fund manager who famously predicted the credit crisis of 2008. The company was founded by former Google exec Brett Crosby and real estate attorney Brew Johnson. With the high profile funding and experienced employees, this company is set to go far in the FinTech industry.
 

 

Week 14

KindHealth takes on a crazy concept; making insurance actually easy, even fun, to shop for. The company revolutionizes the health insurance industry “with the introduction of a unique recommendation engine designed specifically for the individual consumer looking to compare and purchase health insurance plans through a private exchange.” Their algorithm crunches 130 million data points to help the user find the perfect plan. Alongside this, they offer anonymity for some privacy and a patient advocacy program for some additional support.

KindHealth takes on a crazy concept; making insurance actually easy, even fun, to shop for. The company revolutionizes the health insurance industry “with the introduction of a unique recommendation engine designed specifically for the individual consumer looking to compare and purchase health insurance plans through a private exchange.” Their algorithm crunches 130 million data points to help the user find the perfect plan. Alongside this, they offer anonymity for some privacy and a patient advocacy program for some additional support.

Rather than going through the hassle of getting a cosigner or extra security deposits, LeaseLock helps get renters approved through insurance. This way, renters can get apartments that they otherwise may not have been approved for, while also building their own credit. Since the company's founding in 2013, they've already made great progress. In 2014, Tech Coast Angels (TCA) invested a total of $16,373,337 in 61 total deals and LeaseLock was among the lineup. Currently, as the first nationwide rent payment insurance program, LeaseLock has already been used in over 500,000 units and is backed by insurance rated A- (Excellent) by A.M. Best. Let's see what 2017 will bring for this innovative rental insurance company.

Rather than going through the hassle of getting a cosigner or extra security deposits, LeaseLock helps get renters approved through insurance. This way, renters can get apartments that they otherwise may not have been approved for, while also building their own credit. Since the company's founding in 2013, they've already made great progress. In 2014, Tech Coast Angels (TCA) invested a total of $16,373,337 in 61 total deals and LeaseLock was among the lineup. Currently, as the first nationwide rent payment insurance program, LeaseLock has already been used in over 500,000 units and is backed by insurance rated A- (Excellent) by A.M. Best. Let's see what 2017 will bring for this innovative rental insurance company.

Octane Lending serves is an indirect powersports lending service for dealers that works as a personal finance and insurance assistant. Their product allows the user to fill out one digital credit application and submit to multiple lenders. This leads to more time saved, more customers being financed, and more backend products sold. And with 1,100 dealers signed up, 37 lenders integrated, and $275 million dollars in loan requests, Octane Lending is already being used by many in the f&i circuit. The New York City-based company currently has $7.85 million in equity funding from six investors.

Octane Lending serves is an indirect powersports lending service for dealers that works as a personal finance and insurance assistant. Their product allows the user to fill out one digital credit application and submit to multiple lenders. This leads to more time saved, more customers being financed, and more backend products sold. And with 1,100 dealers signed up, 37 lenders integrated, and $275 million dollars in loan requests, Octane Lending is already being used by many in the f&i circuit. The New York City-based company currently has $7.85 million in equity funding from six investors.

 

Week 13

Givesurance allows users to convert 5% of their insurance premiums into donation credits. This philanthropic company was started after founder Jennifer Rasian noticed that insurance companies typically spend around 50% of commission on acquiring and retaining customers. Instead, Givesurance partners with over 35 donation companies that promote their service for free. Since graduating from 500 Startups, the company has partnered with over 200 insurance companies such as Progressive, Travelers, and Healthco. Givesurance claims that over $100 billion could be made into donation credit from the 113 million Americans that are already donors , so it's safe to say that the potential here is huge.

Givesurance allows users to convert 5% of their insurance premiums into donation credits. This philanthropic company was started after founder Jennifer Rasian noticed that insurance companies typically spend around 50% of commission on acquiring and retaining customers. Instead, Givesurance partners with over 35 donation companies that promote their service for free. Since graduating from 500 Startups, the company has partnered with over 200 insurance companies such as Progressive, Travelers, and Healthco. Givesurance claims that over $100 billion could be made into donation credit from the 113 million Americans that are already donors , so it's safe to say that the potential here is huge.

As FounderShield puts it, the insurance industry is stuck in the 80s. That's why this company was created by startup veterans to help venture-backed startup companies get the insurance that it actually needs. They offer three different insurance packages that are customizable for each startup through a completely digital platform. FounderShield currently has funding and a partnership with Interplay Ventures.

As FounderShield puts it, the insurance industry is stuck in the 80s. That's why this company was created by startup veterans to help venture-backed startup companies get the insurance that it actually needs. They offer three different insurance packages that are customizable for each startup through a completely digital platform. FounderShield currently has funding and a partnership with Interplay Ventures.

Indio merges functionality and technology to create a streamlined insurance experience that uses a modern digital interface layout. The company automates the process of receiving quotes and “gives insurance brokers a centralized place to access quotes from multiple carriers”. In effect, this allows you to spend more time growing your business instead of spending time on operational processes. Indio works by charging brokers a software based fee. As of this month, the company has already secured over $2 million in seed financing.

Indio merges functionality and technology to create a streamlined insurance experience that uses a modern digital interface layout. The company automates the process of receiving quotes and “gives insurance brokers a centralized place to access quotes from multiple carriers”. In effect, this allows you to spend more time growing your business instead of spending time on operational processes. Indio works by charging brokers a software based fee. As of this month, the company has already secured over $2 million in seed financing.

 

Week 12

In a world where everything is happening fast and in realtime, N26 offers an innovative banking experience to help users catch onto this trend. This is modern banking for the modern world. The FinTech company based in Berlin focuses on personalization, which they call “banking by design”, that allows the user to have a streamlined financial experience all from an app on their phone. Recently, the company has announced a premium black card with insurance coverage from Allianz to “provide the same kind of insurance contracts that your bank provides when it tries to sell you a premium MasterCard.” Although the company is relatively young, having just received it's banking license this summer, it's already set to make some major waves in the banking world.

In a world where everything is happening fast and in realtime, N26 offers an innovative banking experience to help users catch onto this trend. This is modern banking for the modern world. The FinTech company based in Berlin focuses on personalization, which they call “banking by design”, that allows the user to have a streamlined financial experience all from an app on their phone. Recently, the company has announced a premium black card with insurance coverage from Allianz to “provide the same kind of insurance contracts that your bank provides when it tries to sell you a premium MasterCard.” Although the company is relatively young, having just received it's banking license this summer, it's already set to make some major waves in the banking world.

The methodology behind Root's idea is pretty simple; good drivers deserve to pay less on their car insurance. Sounds fair, right? The company is innovating the car insurance sector by offering an app that allows users to do everything from their phone; get a quote, personalize coverage, file claims, etc. Root, which currently is available in Ohio, “has already applied for approval in Illinois and intends to be in ten more states by the beginning of 2017”. The company has secured an initial seed of $3 million from Drive capital, an Ohio based investment firm, who has since put in another $4 million towards the company.

The methodology behind Root's idea is pretty simple; good drivers deserve to pay less on their car insurance. Sounds fair, right? The company is innovating the car insurance sector by offering an app that allows users to do everything from their phone; get a quote, personalize coverage, file claims, etc. Root, which currently is available in Ohio, “has already applied for approval in Illinois and intends to be in ten more states by the beginning of 2017”. The company has secured an initial seed of $3 million from Drive capital, an Ohio based investment firm, who has since put in another $4 million towards the company.

When you use the app Grow, you can trust that your investments are going to a good place. That's because Grow focuses on “environmentally sustainable, socially responsible companies with good governance.” It was created out of the moral dilemma that stems from making financial investments while keeping one's values, social responsibility, and ethics in line. The company works by developing “its own proprietary database and analytics tool, Grow Analytics, to identify those investments that respect certain values...while also minimizing portfolio risk.” The app surely appeals to the millennial; for many young users, their dollar is their vote, and they are often more selective about where they choose to dole out their cash. Currently, the app is available to anyone with access to an app store (Apple or Google Play).

When you use the app Grow, you can trust that your investments are going to a good place. That's because Grow focuses on “environmentally sustainable, socially responsible companies with good governance.” It was created out of the moral dilemma that stems from making financial investments while keeping one's values, social responsibility, and ethics in line. The company works by developing “its own proprietary database and analytics tool, Grow Analytics, to identify those investments that respect certain values...while also minimizing portfolio risk.” The app surely appeals to the millennial; for many young users, their dollar is their vote, and they are often more selective about where they choose to dole out their cash. Currently, the app is available to anyone with access to an app store (Apple or Google Play).

Week 11

www.usebenny.com Do you ever wish you could skip the boring, monotonous tasks and get right down to business? Well, Benny helps you to do just that. For the self-employed, this virtual ops manager helps all of the independent contractors, designers, freelancers, and more, to skip the "taxes, insurance, accounting and other boring operational tasks." The company is based in New York and has had 19 different investors. Check out their website to request early access to the iOS app.   

www.usebenny.com

Do you ever wish you could skip the boring, monotonous tasks and get right down to business? Well, Benny helps you to do just that. For the self-employed, this virtual ops manager helps all of the independent contractors, designers, freelancers, and more, to skip the "taxes, insurance, accounting and other boring operational tasks." The company is based in New York and has had 19 different investors. Check out their website to request early access to the iOS app. 

 

www.jetty.com Insurance has been a popular topic, especially with less and less millennials interested in life insurance; the validity behind this decision is up to your discretion. Here's where our entrepreneurs come in who "try and find holistic solutions" to the issue, notably through viewing insurance as a "marketable product, not just a service". Enter Jetty, the Insurtech startup that promises to change the industry in a big way. As a new venture in the property and casualty industry, it's truly the insurance company for the urban millennial lives, Jetty is here to provide new insurance products to serve them. The support for the company there as well; since their founding date of September 1st 2015, the NYC based company has already raised 4 million dollars. 

www.jetty.com

Insurance has been a popular topic, especially with less and less millennials interested in life insurance; the validity behind this decision is up to your discretion. Here's where our entrepreneurs come in who "try and find holistic solutions" to the issue, notably through viewing insurance as a "marketable product, not just a service". Enter Jetty, the Insurtech startup that promises to change the industry in a big way. As a new venture in the property and casualty industry, it's truly the insurance company for the urban millennial lives, Jetty is here to provide new insurance products to serve them. The support for the company there as well; since their founding date of September 1st 2015, the NYC based company has already raised 4 million dollars. 

www.skopenow.com With an ever growing network of profiles online, it can become difficult to find out which report is the real deal. SkopeNow is the service that has developed "an elevated people search engine to eliminate fraud". In other words, SkopeNow allows users to eliminate the risk of fraud when searching for people online. The website works by searching for digital footprints online and generating people reports. The company has accumulated $600,000 in funding and was founded in 2016. It's been off to a pretty productive start - just this month, SkopeNow "got to pitch their innovations at TechStars NYC Demo Day" after completing a 15 week program. 

www.skopenow.com

With an ever growing network of profiles online, it can become difficult to find out which report is the real deal. SkopeNow is the service that has developed "an elevated people search engine to eliminate fraud". In other words, SkopeNow allows users to eliminate the risk of fraud when searching for people online. The website works by searching for digital footprints online and generating people reports. The company has accumulated $600,000 in funding and was founded in 2016. It's been off to a pretty productive start - just this month, SkopeNow "got to pitch their innovations at TechStars NYC Demo Day" after completing a 15 week program. 

Week 10 

neos.co.uk It's starting to feel like reimagining is the placeholder verb used by early stage startups until they're able to clearly articulate a mission statement. iOS application Neos is reimagining (see logo on site with tagline) home insurance. They made some noise last month after raising a seed round from a pool of InsurTech investors. Partner Hiscox will insure anybody who purchases the Neos package, including motion sensors, fire alarms, and flood detection hardware. Customers "pay the cost of a traditional home insurance policy and then a monthly service fee." Neos is a complete solution - take preventative measures to avoid any damages using Neos' platform and secure an insurer in Hiscox in case of emergency.  Right now Neos is limited to the UK, but plans to use their recent funding to "open up the Neos experience to the wider market." Also, "We will provide you with free batteries as and when required." Worth it for the batteries alone?

neos.co.uk

It's starting to feel like reimagining is the placeholder verb used by early stage startups until they're able to clearly articulate a mission statement. iOS application Neos is reimagining (see logo on site with tagline) home insurance. They made some noise last month after raising a seed round from a pool of InsurTech investors. Partner Hiscox will insure anybody who purchases the Neos package, including motion sensors, fire alarms, and flood detection hardware. Customers "pay the cost of a traditional home insurance policy and then a monthly service fee." Neos is a complete solution - take preventative measures to avoid any damages using Neos' platform and secure an insurer in Hiscox in case of emergency.  Right now Neos is limited to the UK, but plans to use their recent funding to "open up the Neos experience to the wider market." Also, "We will provide you with free batteries as and when required." Worth it for the batteries alone?

inzmo.com Inzmo is mobile friendly insurance designed for Millennials. The micro-insurance platform was developed in Berlin and joined the 18th batch at 500 Startups in August. Google Translate isn't perfect, but from what it's translated here it looks like Inzmo launched with a focus on Bike Insurance and expanded from there. It will be interesting to see how the team at 500 FinTech Fund can shape them up before the February 17th Demo Day in SF. 

inzmo.com

Inzmo is mobile friendly insurance designed for Millennials. The micro-insurance platform was developed in Berlin and joined the 18th batch at 500 Startups in August. Google Translate isn't perfect, but from what it's translated here it looks like Inzmo launched with a focus on Bike Insurance and expanded from there. It will be interesting to see how the team at 500 FinTech Fund can shape them up before the February 17th Demo Day in SF

www.soldo.com Mastercard partner Soldo, another UK-based FinTech feature, grants financial autonomy to the whole family through its mobile app. Mom or Dad can transfer money to the kids at no cost. All spending is transparent and immediate. Plus, the cards can be used anywhere a MasterCard is accepted. Not everyone can ride - cardholders must be 8+ years old and live in the UK. The founder, Carlo Gualandri, helped crate Italy's first online bank. Not hard to imagine Soldo expanding to businesses and expense account management once they've mastered the family market. See this recent TechCrunch feature for more details. 

www.soldo.com

Mastercard partner Soldo, another UK-based FinTech feature, grants financial autonomy to the whole family through its mobile app. Mom or Dad can transfer money to the kids at no cost. All spending is transparent and immediate. Plus, the cards can be used anywhere a MasterCard is accepted. Not everyone can ride - cardholders must be 8+ years old and live in the UK. The founder, Carlo Gualandri, helped crate Italy's first online bank. Not hard to imagine Soldo expanding to businesses and expense account management once they've mastered the family market. See this recent TechCrunch feature for more details

 

Week 9

https://joinverse.com/en/ Following an $8.3 million Series A round last week, European P2P payments app Verse is equipped to become "the WhatsApp of payments." TechCrunch covered the application in detail following last week's round. In summary: the space is crowded, the opportunity is huge, and the team is confident. They'll have to ship the simplest P2P payments solution before any big fish make Europe a priority. With 550k users acquired organically an da fresh roll of cash in the bank they've given themselves a chance. 

https://joinverse.com/en/

Following an $8.3 million Series A round last week, European P2P payments app Verse is equipped to become "the WhatsApp of payments." TechCrunch covered the application in detail following last week's round. In summary: the space is crowded, the opportunity is huge, and the team is confident. They'll have to ship the simplest P2P payments solution before any big fish make Europe a priority. With 550k users acquired organically an da fresh roll of cash in the bank they've given themselves a chance. 

https://www.ladderlife.com/ Ladder recently raised $14 million to re-engineer life insurance. Instant underwriting removes any friction between buyer and insurance policy supported by Fidelity Security Life Insurance. Check out their resources pages, a marketing approach that's brought success to recent FinTech features in the space, and sign up for alerts to hear how they use the new inflow of cash to expand. 

https://www.ladderlife.com/

Ladder recently raised $14 million to re-engineer life insurance. Instant underwriting removes any friction between buyer and insurance policy supported by Fidelity Security Life Insurance. Check out their resources pages, a marketing approach that's brought success to recent FinTech features in the space, and sign up for alerts to hear how they use the new inflow of cash to expand. 

  https://nanopay.net/ Our first Canadian feature! Earlier this year, Toronto-based Nanopay announced the first commercial deployment of MintChip, the regulator-friendly digital cash platform designed to be a safe, secure, and fast way to send money and pay merchants". No, it's not Bitcoin. The Royal Canadian Mint created MintChip to "see what they'd have when cash disappeared." Microexpert Dr. David Everett developed the solution for the Royal Canadian Mint before Nanopay acquired it for their platform. MintChip is only the digital cash arm of NanoPay. The site will eventually transfer any "digital asset". See this BNN interview with their founder for a detailed background. "There's no money in P2P, there's no money in retail, there's huge money in business-to-business." 

 

https://nanopay.net/

Our first Canadian feature! Earlier this year, Toronto-based Nanopay announced the first commercial deployment of MintChip, the regulator-friendly digital cash platform designed to be a safe, secure, and fast way to send money and pay merchants". No, it's not Bitcoin. The Royal Canadian Mint created MintChip to "see what they'd have when cash disappeared." Microexpert Dr. David Everett developed the solution for the Royal Canadian Mint before Nanopay acquired it for their platform. MintChip is only the digital cash arm of NanoPay. The site will eventually transfer any "digital asset". See this BNN interview with their founder for a detailed background. "There's no money in P2P, there's no money in retail, there's huge money in business-to-business." 

 

Week 8 

  www.gatherins.com “Until now, only large corporations formed captives because the setup costs are too high for it to make sense for small businesses to establish them. Gather is using technology to bring small businesses together so you can enjoy the same benefits larger corporations do today.” In short, Gather will make a healthcare insurance company out of any small business. Starting at $25 / month, they'll drop you in a “community” of like-minded small businesses and incorporate a captive insurance company in Washington D.C. on the group's behalf. You insure each other, and they only earn revenue from membership fees. Their tech stack aims to “seek out preventative care while keeping costs down.”  

 

www.gatherins.com


Until now, only large corporations formed captives because the setup costs are too high for it to make sense for small businesses to establish them. Gather is using technology to bring small businesses together so you can enjoy the same benefits larger corporations do today.” In short, Gather will make a healthcare insurance company out of any small business. Starting at $25 / month, they'll drop you in a “community” of like-minded small businesses and incorporate a captive insurance company in Washington D.C. on the group's behalf. You insure each other, and they only earn revenue from membership fees. Their tech stack aims to “seek out preventative care while keeping costs down.”

 

www.heybrolly.com/ Though they're still in hiding, we know enough about Brolly to say they're an AI-driven insurance application with plans to redevelop the insurance experience. Are you over-insured? Are you under-insured? Give Brolly a pile of personal information and the mobile app's AI will share a suite of possibilities for optimizing your insurance balance. Plus, you can store all of your policy documents in the Brolly hub. They have plans to launch in 2016.

www.heybrolly.com/


Though they're still in hiding, we know enough about Brolly to say they're an AI-driven insurance application with plans to redevelop the insurance experience. Are you over-insured? Are you under-insured? Give Brolly a pile of personal information and the mobile app's AI will share a suite of possibilities for optimizing your insurance balance. Plus, you can store all of your policy documents in the Brolly hub. They have plans to launch in 2016.

forwardlane.com/ Part of the 2016 Barclays London Accelerator cohort, ForwardLane is AI for the financial advising community. From the myriad of messaging on their website to the rapid fire demo video that plays like some game of did-you-catch-that?, it appears that they've built a toolbox to improve the service of financial advisors. Underneath the hood of it all is IBM's Watson Technology. If interested in the B2B Cognitive Advisory Solution for Wealth Management you can sign up for a Demo today.

forwardlane.com/

Part of the 2016 Barclays London Accelerator cohort, ForwardLane is AI for the financial advising community. From the myriad of messaging on their website to the rapid fire demo video that plays like some game of did-you-catch-that?, it appears that they've built a toolbox to improve the service of financial advisors. Underneath the hood of it all is IBM's Watson Technology. If interested in the B2B Cognitive Advisory Solution for Wealth Management you can sign up for a Demo today.

 

Week 7

Buildbunker.com Insurance for the gig economy has arrived. After over a year of private interviews, development, and testing with sellers and buyers in the insurance ecosystem, Bunker opened its site to the public on October 4th. $2 million in seed funding came from Comcast Ventures, American Family Ventures and a few others. Bunker's Marketplace is looking to rebuild the insurance industry starting with the 1099 workforce. You can run through their process for on boarding both companies and freelancers now or reach Kevin at kevin@buildbunker.com.

Buildbunker.com

Insurance for the gig economy has arrived. After over a year of private interviews, development, and testing with sellers and buyers in the insurance ecosystem, Bunker opened its site to the public on October 4th. $2 million in seed funding came from Comcast Ventures, American Family Ventures and a few others. Bunker's Marketplace is looking to rebuild the insurance industry starting with the 1099 workforce. You can run through their process for on boarding both companies and freelancers now or reach Kevin at kevin@buildbunker.com.

Ablelending.com This collaborative lender wants to fund the Fortune 5 million by requiring borrowers to raise 25% of the loan from friends and family. The rest is covered by Able with rates between 8-16%. Like many others in the space, Able is working to served the underserved. Who are they? 1) In business at least 6 months, 2) typically less than $1 million in annual revenues, 3) positive reputation on social media. Last month they secured a $100 million commitment to fund more small businesses from Community Investment Management.

Ablelending.com

This collaborative lender wants to fund the Fortune 5 million by requiring borrowers to raise 25% of the loan from friends and family. The rest is covered by Able with rates between 8-16%. Like many others in the space, Able is working to served the underserved. Who are they? 1) In business at least 6 months, 2) typically less than $1 million in annual revenues, 3) positive reputation on social media. Last month they secured a $100 million commitment to fund more small businesses from Community Investment Management.

Getkundi.com This peer-to-peer insurance take is still in private beta, but they do have a demo on F6 with some more information. The product is part of the suite developed by ANG Group. The only description we have right now, “Kundi is based on sharing economy approach. Users get insured in groups with friends or family. Group members are invited by group creator. To join the group each member has to add an item to insure and pay insurance premium. At the end of insurance period each group member can get cashback (up to 50% of paid premium). Less claims in the group, the bigger cashback.” Watch this 30 second demo and subscribe on the site to get the update on launch day.

Getkundi.com
This peer-to-peer insurance take is still in private beta, but they do have a demo on F6 with some more information. The product is part of the suite developed by ANG Group. The only description we have right now, “Kundi is based on sharing economy approach. Users get insured in groups with friends or family. Group members are invited by group creator. To join the group each member has to add an item to insure and pay insurance premium. At the end of insurance period each group member can get cashback (up to 50% of paid premium). Less claims in the group, the bigger cashback.” Watch this 30 second demo and subscribe on the site to get the update on launch day.

 

Week 6

Pleo.io Pleo is the simple spending solution you first heard about at the Pioneers Festival last year. Their Beta service is a simple spending solution for companies with less than 250 players. They are doing really, really well - inbound queries are "40 times greater" than what they can handle. SMEs are rushing to put an end to expense reporting by enlisting Pleo's automated app and Prepaid MasterCard. The $3 million Seed round they signed last month will help them feed the line of SMEs at the door. Will their machine learning algorithm put an end to unknown employee spending? Alen from Pleo welcomes all questions at infor@pleo.io.   

Pleo.io

Pleo is the simple spending solution you first heard about at the Pioneers Festival last year. Their Beta service is a simple spending solution for companies with less than 250 players. They are doing really, really well - inbound queries are "40 times greater" than what they can handle. SMEs are rushing to put an end to expense reporting by enlisting Pleo's automated app and Prepaid MasterCard. The $3 million Seed round they signed last month will help them feed the line of SMEs at the door. Will their machine learning algorithm put an end to unknown employee spending? Alen from Pleo welcomes all questions at infor@pleo.io. 
 

Getquilt.com Sign up for renters insurance with your Facebook account. That's right, the low-cost subscription insurance startup Quilt covers milennials. It's a beautiful solution for a group that might avoid renters insurance entirely if not for a just-hit-go option. They raised $3.25 million in Boston this summer. Sara from Quilt told us, "We've launched a renters insurance beta in FL, coming to new states soon. Life insurance will go live in a wider launch by the end of the year.   

Getquilt.com

Sign up for renters insurance with your Facebook account. That's right, the low-cost subscription insurance startup Quilt covers milennials. It's a beautiful solution for a group that might avoid renters insurance entirely if not for a just-hit-go option. They raised $3.25 million in Boston this summer. Sara from Quilt told us, "We've launched a renters insurance beta in FL, coming to new states soon. Life insurance will go live in a wider launch by the end of the year. 

 

Huddlestock.com/   Huddlestock gives individual investors Hedgefund Superpowers. Or at least, it gives them the tools to make them feel they have extraordinary trading ability. The interface grants members access to investment strategies and insights in a push to "democratize the investment industry." Still in Beta, Huddlestock raised $3 million in Seed money this summer at a $13 million valuation.   

Huddlestock.com/
 

Huddlestock gives individual investors Hedgefund Superpowers. Or at least, it gives them the tools to make them feel they have extraordinary trading ability. The interface grants members access to investment strategies and insights in a push to "democratize the investment industry." Still in Beta, Huddlestock raised $3 million in Seed money this summer at a $13 million valuation. 

 

 

Week 5 

Stilt For immigrants, finding loans is particularly daunting. As an Alabanian couple told me a couple of nights ago, “credit is very important.” But immigrants who are new to America often start without a credit score. Instead, Stilt looks at their financial behavior, education, work experience and income (see How Does Stilt Decides Loan Approvals) to build low-rate personal loans tailored to immigrant needs. Stilt is hyper-focused on loans for F-1, OPT, H-1B, O-1, L-1, and TN visa holders. Stilt launched out of Y Combinator's Winter 2016 program. 

Stilt

For immigrants, finding loans is particularly daunting. As an Alabanian couple told me a couple of nights ago, “credit is very important.” But immigrants who are new to America often start without a credit score. Instead, Stilt looks at their financial behavior, education, work experience and income (see How Does Stilt Decides Loan Approvals) to build low-rate personal loans tailored to immigrant needs. Stilt is hyper-focused on loans for F-1, OPT, H-1B, O-1, L-1, and TN visa holders. Stilt launched out of Y Combinator's Winter 2016 program. 

Cutover Cutover simplifies the complex processes that are often mishandled. They aren't limited to the Financial space, though that is their current focus. They passed through the Barclays Accelerator in 2015. Last week, the Barclays Blog wrote a “where are they now?” / “why did the accelerator work for them?” post about their IT partner. By joining the Barclays program, Cutover worked in close quarters with their enterprise end-users and received valuable rapid feedback as they continued to develop the product. This summer they raised $2.5 million in Seed funding. 

Cutover

Cutover simplifies the complex processes that are often mishandled. They aren't limited to the Financial space, though that is their current focus. They passed through the Barclays Accelerator in 2015. Last week, the Barclays Blog wrote a “where are they now?” / “why did the accelerator work for them?” post about their IT partner. By joining the Barclays program, Cutover worked in close quarters with their enterprise end-users and received valuable rapid feedback as they continued to develop the product. This summer they raised $2.5 million in Seed funding. 

FinVoice Finvoice, a new solution for small business owners who can't wait for buyers to pay invoices and would rather not deal with the bank, is this week's primary disruptor. The application was developed in response to the Recession, when “large corporations lengthened their payment cycles as a buffer against the credit crunch, and invoices were increasingly paid later than ever.” The FinVoice platform allows SMBs to put short-term financing up for auction amongst accredited investors. The FinVoice team approves the invoice, gives it a Discount Rate and opens it up for its network of investors to bid on for purchase. From what we can see on the video Demo, the platform integrates with QuickBooks, NetSuite, Xero and Sage One. The SF-based company grew out of Stanford's StartX program.

FinVoice

Finvoice, a new solution for small business owners who can't wait for buyers to pay invoices and would rather not deal with the bank, is this week's primary disruptor. The application was developed in response to the Recession, when “large corporations lengthened their payment cycles as a buffer against the credit crunch, and invoices were increasingly paid later than ever.” The FinVoice platform allows SMBs to put short-term financing up for auction amongst accredited investors. The FinVoice team approves the invoice, gives it a Discount Rate and opens it up for its network of investors to bid on for purchase. From what we can see on the video Demo, the platform integrates with QuickBooks, NetSuite, Xero and Sage One. The SF-based company grew out of Stanford's StartX program.

 

Week 4

Satoshi Citadel Industries Let's start with an ecosystem at the foundation of the Philippines' Blockchain infrastructure - Satoshi Citadel Industries. A little over 2.5 years after incorporations, with a few burned bridges and failed apps behind them, the team found a large and strategic partner in Korean messaging app Kakao. The CVC investment positioned Satoshi's family of apps, including a bitcoin exchange and a social journal, in front of Kakao's 100 million+ active users. Likely next stop for the young team? South Korea - KakaoTalk's most active nation.

Satoshi Citadel Industries

Let's start with an ecosystem at the foundation of the Philippines' Blockchain infrastructure - Satoshi Citadel Industries. A little over 2.5 years after incorporations, with a few burned bridges and failed apps behind them, the team found a large and strategic partner in Korean messaging app Kakao. The CVC investment positioned Satoshi's family of apps, including a bitcoin exchange and a social journal, in front of Kakao's 100 million+ active users. Likely next stop for the young team? South Korea - KakaoTalk's most active nation.

  Abaris Abaris' technology helps customers prepare for retirement with a personalized and transparent approach to buying insurance from name-brand partners. Amaris was started in 2014 by Wharton MBA guys with histories at the U.S. Treasury Department and PayPal. After raising $450k+ from investors including First Round Capital, the team moved from Philadelphia to NY, and has grown the site's reach considerably in the past year. They're laser-focused on customer service, with several proprietary tools that serve to inform the next generation of retirees about how they should approach the work-free years. The tools are features in the Wall Street Journal, Forbes, and more, and they invite anybody to call during business hours for no-strings-attached annuity advice. Amaris is looking for additional developers to join them in their NY WeWork offices. 

 

Abaris

Abaris' technology helps customers prepare for retirement with a personalized and transparent approach to buying insurance from name-brand partners. Amaris was started in 2014 by Wharton MBA guys with histories at the U.S. Treasury Department and PayPal. After raising $450k+ from investors including First Round Capital, the team moved from Philadelphia to NY, and has grown the site's reach considerably in the past year. They're laser-focused on customer service, with several proprietary tools that serve to inform the next generation of retirees about how they should approach the work-free years. The tools are features in the Wall Street Journal, Forbes, and more, and they invite anybody to call during business hours for no-strings-attached annuity advice. Amaris is looking for additional developers to join them in their NY WeWork offices. 

Incremint Founded by a former member of KPMG's Economic Valuations Cell with the goal of "spreading financial inclusion in India", Incremint makes it easy for Ambassadors (agents) to organize and sell inexpensive financial products online. They have a free version which includes white-label websites (see demo site), and more robust Professional and Enterprise packages. Incremint's Ambassador model leverages anybody's existing network and provides them an online marketplace to make "equity & commodity trading, health insurance, life insurance, car insurance, home loans, car loans, personal loans" and more affordable to those in India who, until now, couldn't access them. The company has been quiet but is hiring.   

Incremint

Founded by a former member of KPMG's Economic Valuations Cell with the goal of "spreading financial inclusion in India", Incremint makes it easy for Ambassadors (agents) to organize and sell inexpensive financial products online. They have a free version which includes white-label websites (see demo site), and more robust Professional and Enterprise packages. Incremint's Ambassador model leverages anybody's existing network and provides them an online marketplace to make "equity & commodity trading, health insurance, life insurance, car insurance, home loans, car loans, personal loans" and more affordable to those in India who, until now, couldn't access them. The company has been quiet but is hiring. 

 

 

Week 3 

Pave Kicking off this week, Pave is a personal lender for highly motivated young people with a $300 million commitment from Seer Capital. Personalized loans between $3k and $25k utilize atypical data to qualify borrowers - usually Milennials or younger people who may not have a credit score but are still likely to earn significant income in the near future. They're partnered up with educators (and another) to back students, and in April raised a Series A led by russian venture firm Mayfield Capital. Could something be int he works with paid MOOC providers?

Pave

Kicking off this week, Pave is a personal lender for highly motivated young people with a $300 million commitment from Seer Capital. Personalized loans between $3k and $25k utilize atypical data to qualify borrowers - usually Milennials or younger people who may not have a credit score but are still likely to earn significant income in the near future. They're partnered up with educators (and another) to back students, and in April raised a Series A led by russian venture firm Mayfield Capital. Could something be int he works with paid MOOC providers?

E3 Compliance Training On the fun side of FinTech, E3 made a game of....compliance training? Check out founder Steve Brett's recent platform presentation to a small group of UK-based FinTech entrepreneurs. No news on if regulators are taking the Gamification approach seriously, or if the unique platform data (time spent on each question) is of any real value to companies. Gasification has seen meteoric growth as an education engine elsewhere, from coding to language learning, we just wonder if the comply-or-die crowd will have confidence and invest in the animated approach. 

E3 Compliance Training

On the fun side of FinTech, E3 made a game of....compliance training? Check out founder Steve Brett's recent platform presentation to a small group of UK-based FinTech entrepreneurs. No news on if regulators are taking the Gamification approach seriously, or if the unique platform data (time spent on each question) is of any real value to companies. Gasification has seen meteoric growth as an education engine elsewhere, from coding to language learning, we just wonder if the comply-or-die crowd will have confidence and invest in the animated approach. 

Geniac Geniac is this week's office-as-a-service provider. Geniac entered a growth phase following a large 2015 investment from Grant Thornton, and they haven't slowed since. Their latest features: receipts and a new employee portal. "No business is too small to be big" is the mantra for the London-based team, and they certainly seem to have a unique understanding of SMEs. We'll see how Geniac can manage its growth in collaboration with partner Grant Thornton. 

Geniac

Geniac is this week's office-as-a-service provider. Geniac entered a growth phase following a large 2015 investment from Grant Thornton, and they haven't slowed since. Their latest features: receipts and a new employee portal. "No business is too small to be big" is the mantra for the London-based team, and they certainly seem to have a unique understanding of SMEs. We'll see how Geniac can manage its growth in collaboration with partner Grant Thornton

 

Week 2 

Cuvva Cuvva is the place to go for on-demand auto insurance coverage. Imagine getting into a friend's car or taxi - do they have enough insurance to cover you if you were in an accident? Cuvva allows you to get an instant insurance plan for a short chunk of time (think hourly) via an app. Currently it is only available in the UK. After recently completing the Barclay's Accelerator, they've continued to pick up investment andpress - definitely one to keep an eye on. What else needs coverage for just a short period of time?

Cuvva

Cuvva is the place to go for on-demand auto insurance coverage. Imagine getting into a friend's car or taxi - do they have enough insurance to cover you if you were in an accident? Cuvva allows you to get an instant insurance plan for a short chunk of time (think hourly) via an app. Currently it is only available in the UK. After recently completing the Barclay's Accelerator, they've continued to pick up investment andpress - definitely one to keep an eye on. What else needs coverage for just a short period of time?

Sure How about airline flights? For just a few dollars a flight, Sure will issue you a life insurance policy from takeoff to landing. Now while air travel is actually one of the safest ways to get from here to there, it is still one of the most feared forms of travel and Sure can give your loved ones a little peace of mind while you're above the clouds. It will be interesting to watch their adoption rate as reports are showing that, even millenials, still prefer to buy insurance from agents.

Sure

How about airline flights? For just a few dollars a flight, Sure will issue you a life insurance policy from takeoff to landing. Now while air travel is actually one of the safest ways to get from here to there, it is still one of the most feared forms of travel and Sure can give your loved ones a little peace of mind while you're above the clouds. It will be interesting to watch their adoption rate as reports are showing that, even millenials, still prefer to buy insurance from agents.

Trov And finally, on-demand protection for your stuff via Trov. What's really intriguing about Trov is the ability to turn on and off the protection for your camera, phone, bike, etc. via a simple toggle switch on the app. Imagine the ability to switch on/off insurance depending on the situation you find yourself in. It is currently available in Australia and the UK, but they are looking at a US launch in 2017. And with a reported $25.5M USD in recent funding, they are one of the top on-demand insurance companies to watch.

Trov

And finally, on-demand protection for your stuff via Trov. What's really intriguing about Trov is the ability to turn on and off the protection for your camera, phone, bike, etc. via a simple toggle switch on the app. Imagine the ability to switch on/off insurance depending on the situation you find yourself in. It is currently available in Australia and the UK, but they are looking at a US launch in 2017. And with a reported $25.5M USD in recent funding, they are one of the top on-demand insurance companies to watch.

Week 1 

MoneyMail.me Moneymail.me is a cross between Venmo and WhatsApp with an international flair. The app has some decent chat functionality, with the added bonus of being able to send money to your contacts. You can currently send money in US Dollars, Euros and British Pounds. Bonus: A unique philanthropic component that allows you to donate to popular charitites. The big question for you - is the app trying to do too much and will they get users to adopt it as their chat AND quick-share platform?  

MoneyMail.me

Moneymail.me is a cross between Venmo and WhatsApp with an international flair. The app has some decent chat functionality, with the added bonus of being able to send money to your contacts. You can currently send money in US Dollars, Euros and British Pounds. Bonus: A unique philanthropic component that allows you to donate to popular charitites. The big question for you - is the app trying to do too much and will they get users to adopt it as their chat AND quick-share platform?

 

Fitsense FitSense is a big data play to offer health and insurance companies the ability to personalize products for customers and open new sales channels. Check out the video of their pitch at the end of StartupBootcamp InsureTech accelerator program. It was born out of a data aggregation project for medical researchers who wanted to tap into all of the data being created by wearables and other smartphone tracking applications. It got me thinking what would the world look like with adjustable rate life-insurance plans that are constantly rewarded or penalizing you for behavior choices? Their founding team has an interesting mix of hardware/AI and data mining background, so they appear to be solid at first glance. FitSense is currently most of the way through the Tech Founders accelerator in Munich...so be looking out for additional fundraising news on them as the program concludes. 

Fitsense

FitSense is a big data play to offer health and insurance companies the ability to personalize products for customers and open new sales channels. Check out the video of their pitch at the end of StartupBootcamp InsureTech accelerator program. It was born out of a data aggregation project for medical researchers who wanted to tap into all of the data being created by wearables and other smartphone tracking applications. It got me thinking what would the world look like with adjustable rate life-insurance plans that are constantly rewarded or penalizing you for behavior choices? Their founding team has an interesting mix of hardware/AI and data mining background, so they appear to be solid at first glance. FitSense is currently most of the way through the Tech Founders accelerator in Munich...so be looking out for additional fundraising news on them as the program concludes. 

Upsie Upsie promises to be the new way to warranty your favorite gadgets or gizmos, as well as bringing the management of the claims process into the 21st century. It's a competitor to SquareTrade, but reportedly at a substantial discount. Check out their website or app for instant quotes and search the Reddit threads to see their customer service in action. From an innovation perspective, it will be interesting to see what they can do with the macro product and repair data. Upsie is currently in the VilCap FinTech US 2016 cohort. 

Upsie

Upsie promises to be the new way to warranty your favorite gadgets or gizmos, as well as bringing the management of the claims process into the 21st century. It's a competitor to SquareTrade, but reportedly at a substantial discount. Check out their website or app for instant quotes and search the Reddit threads to see their customer service in action. From an innovation perspective, it will be interesting to see what they can do with the macro product and repair data. Upsie is currently in the VilCap FinTech US 2016 cohort.