Later this month, the city’s startup and innovation community will gather to celebrate the 2022 BostInno Fire Awards honorees.
The selected companies were chosen based on nominations you and other readers sent in. They have demonstrated their success in raising funds, launching new products, bringing in new customers, growing their Boston footprint and supporting the local community and innovation ecosystem. Honorees were chosen across nine categories.
Today, we'll meet the honorees in the fintech category. Boston is on its way to becoming a fintech hub, and these companies are helping lead the charge. These startups are changing the way startup founders, everyday consumers and even kids interact with financial systems.
Join BostInno for a cocktail reception on Wednesday, Nov. 30, to recognize this year's honorees and to see who our judges name as the winner, or Inno Blazer, in each category.
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DocFox
This Boston company provides automated business account opening for over 250 financial institutions worldwide. In the last year, it expanded from serving banks and credit unions into automated institutional account onboarding for crypto companies and B2B fintechs. DocFox moved into a new office in Beacon Hill in May 2022, where it plans to grow its team in the coming months.
Hi Marley
In the last year, this Boston insurtech enterprise SAAS company raised a $25 million Series B round, formed an insurance advisory council and grew its revenue 128% in 2021 relative to 2020.
Insurify
This Cambridge company operates an AI-powered insurance comparison platform, allowing customers to compare and purchase a variety of policies online. Insurify opened its first international office in Bulgaria at the end of 2020 and created its own in-house sales and service center. Its team grew from 67 to 160 employees. To cap off its growth, Insurify raised a $100 million Series B round in 2021.
Shoobx
Shoobx wants to become the go-to equity management company for startups. In April 2022, Shoobx announced the launch of fully automated equity financing on its platform. It also brings together startup leaders, lawyers, and investors in a single collaborative hub. Shoobx launched a collaboration with Fidelity Investments in July 2021 to support private companies from idea to exit or IPO, and beyond. In early 2022, Shoobx joined the Open Cap Table Coalition to improve the interoperability, transparency and portability of startup capitalization data.
Till Financial
This startup’s fee-free app and debit card helps kids develop money habits that prepare them for the real world. Within the last year, it expanded from iOS to Android and became available across the U.S. Till said its customer base grew 1000% year to year and it doubled its headcount, including hiring Antall Fernandes as director of engineering. Fernandes previously held the same role at Drizly.
