The DCU FinTech Innovation Center, a program focused exclusively on fostering pre-seed and seed-stage financial technology companies in New England, announced on Thursday the ten new start-up ventures in its Summer 2018 cohort. As previously reported, the Center is fully funded by Digital Federal Credit Union and is on a mission is to help accelerate the development of new fintech products, and the Boston fintech startup ecosystem.
The 2018 summer cohort consists of the following:
- Edmit– Personal Finance: Data-driven advising to help make smarter college choices
- Envel– Financial Health: An AI bank that automates management of finances in real-time
- Hound Software – Robotics/Process Automation: AI smart workflows to make customer journeys more efficient
- KingsCrowd– Personal Finance: Startup investment research and analytics for everyone
- Legicash– Blockchain: A scaling protocol to increase efficiency of the blockchain.
- PayByCar– Payments: In-vehicle payment solution using toll transponders
- Posh Development AI/Machine Learning: AI/Emerging tech and enterprise chatbot platform
- Reggora– Residential Lending: A cloud-based real estate appraisal platform
- Token Labs – Blockchain: Enables global peer-to-peer payments using digital currency
- Tunnel – Blockchain: Next-generation cryptocurrency protocol and payment system
While sharing more details about the latest cohort, David Araujo, DCU’s SVP of Technology and Innovation, stated:
“When we founded the DCU FinTech Innovation Center four years ago, there was no one central body bringing together FinTech startups under one roof. This is now the fourth cohort since the relaunch to come through these doors and we’re so pleased to see not only the continued success of the Center, but also the early successes that these startups have achieved and attribute, in part, to their participation in this program.”
Vasilios Roussos, Managing Director of the Center, then added:
“Our ultimate goal is to help these startups prepare for broader commercial success once they leave the Center by connecting them with world-class financial institutions, mentors, customers and investors. In this past year, we have seen an increase in pilots and partnerships as we continue to follow a process of engagement that truly builds a foundation for all of these startups and assists them in gaining market traction.”
