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:
- 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
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
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
- 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
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.”