Central Payments’ Fall Fintech Accelerator Announces Commencement of Fall Cohort

Falls Fintech, the fintech accelerator founded by Central Payments, announced on Monday the commencement of its fall cohort, operating virtually from August 10 to October 30, 2020. According to the program’s officials, Cohort 2 includes a pair of new initiatives from the accelerator. For the first time, Falls Fintech has added an Entrepreneur in Residence. The participants of the cohort are the following:

The full line-up of impressive participants in Cohort 2 are:

  1. Cedar Credit Builder
    CEO: Adam Finke
    CTO: George Ulmer
    Cedar’s Credit Builder allows consumers to utilize the money they have and expenses they already pay to build the credit they deserve.
    HQ: Luverne, MN
  2. RiftPay
    CEO: Haafiz Abdurrahim
    CTO: Bryce DeVaughn
    Riftpay is a social and personalized banking platform that allows users, customers, and groups to share their finances and bank together.
    HQ: Dallas, TX
  3. Frizzmo
    CEO: Philip Holmes
    Frizzmo has designed a new banking app that offers a platform which allows people in the community to give back to schools through daily purchase round ups, and it gives parents an opportunity to teach their children responsible money management.
    HQ: Detroit, MI
  4. Paperplane Financial
    Cofounder: Austin Ritter
    Cofounder: Cameron Polo
    Paperplane is at the intersection of higher education and financial technology – aiming to serve as a platform for connecting students with funding via investors.
    HQ: Durham, NC
  5. Tenth
    CEO: Donald Hawkins
    Cofounder: Asya Bradley
    Tenth is building a digital bank designed to erase the wealth gap for Black Americans through legitimate financial education.
    HQ: Kansas City, MO

Speaking about the cohort participants, Falls Fintech Co-founder and Managing Director, Nikkee Rhody, stated:

“Our new Entrepreneur in Residence component will be a valuable addition to the Falls Fintech experience, as new entrepreneurs will have a chance to work alongside individuals who have already overcome the many challenges of start-up life.”

Trent Sorbe, President and Founder of Central Payments and Co-Founder of Falls Fintech, added:

“Cohort 2 builds on the momentum of our inaugural group. We’re thrilled about the opportunity to embed these five companies in Central Payments and look forward to bringing their fantastic products to market at the end of their Falls Fintech experience.”

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