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 startup ventures in the center’s latest cohort.
Twice a year, the not-for-profit center selects the most promising financial technology startups in the product market fit stage and provides them with a professional network and community, mentorship and one year of free office space at the center. The center is funded by Digital Federal Credit Union.
Among the ten members of the next cohort, two companies are in the space of personal finance and three in blockchain, while the remaining five startups represent different segments of the fintech industry, from payments to residential lending.
In the personal finance space, our readers may remember Edmit, a company at the convergence of edtech and fintech that raised a $855,000 pre-seed round last year.
Eight startups recently graduated from the center, including Keel, best known as "the Airbnb for portfolio investments."
The 2018 summer cohort includes:
• 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.
