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Fintech

MassChallenge Selects SizeUp for Inaugural Cohort of Top FinTech Startups

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MassChallenge, a global network of zero-equity startup accelerators, announced that SizeUp and 20 other startups will join the 2019 MassChallenge FinTech inaugural program. “Our inaugural cohort represents trailblazing technologies that advance financial services, from AI-powered onboarding platforms to modern giving solutions,” said Devon Sherman, Program Director of MassChallenge FinTech. “We look forward to structuring and driving meaningful, outcome-driven partnerships between startups and enterprises that tackle some of the industry’s biggest pain points and opportunities.” The inaugural cohort of Fintech startups include AlphaSense (New York, New York), Cake (Boston, Massachusetts), Catapult HQ (Charlotte, North Carolina), Coalesce.ai (Boston, Massachusetts), Datavore (New York, New York), Diffeo (Boston, Massachusetts), Digital Onboarding (Boston, Massachusetts), Edmit (Boston, Massachusetts), eGiftify (New York, New York), Elsen (Boston, Massachusetts), Fincura (Boston, Massachusetts), ForwardLane (New York, New York), Gain Life (Boston, Massachusetts), LifeSite (San Francisco Bay Area, California), Pinkaloo Technologies (Baltimore, Maryland), Posh (Boston, Massachusetts), SizeUp (San Francisco Bay Area, California), Surround Insurance (Cambridge, Massachusetts), WalletFi (Raleigh, North Carolina), and Zylotech (Cambridge, Massachusetts).

MassChallenge FinTech is supported by a public-private partnership that includes founding partners MassMutual, Putnam Investments, Fidelity Investments, Citizens Bank, John Hancock, and the Massachusetts Competitive Partnership (MACP), challenge partners Eastern Bank, AARP, Columbia Threadneedle Investments, Walmart, Massachusetts Bay Transportation Authority (MBTA), and community partners FinTech Sandbox, Wells Fargo Startup Accelerator, and Brandeis International Business School. 

Read more from the MassChallenge news release.

FinTechVisor Connects Banks and Fintech Startups

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Efma and Capgemini launched the FinTechVisor platform as a digital solution to connecting banks and fintech startups. The primary objective of FinTechVisor is to enable faster and better collaboration between these two groups. SizeUp, Token, and cbot were invited to speak about the challenges and opportunities of fintech companies working with banks at the launch of the FinTechVisor service. Elias Ghanem, VP of Capgemini, presented findings of the landscape of relationships between banks and startups. He discussed paradigm shifts, buying experience vs. products, ownership vs. access, big tech vs. traditional banks, financial services being forced to reinvent themselves, and findings of the World Fintech Report (customer centricity, complimentary strengths, selecting correct partners). He further explained how Capgemini has a process by which fintechs can be certified on the FinTechVisor platform through Capgemini’s evaluation process. Lubomir Olach, Director of International Development at Efma, explained the process for Fintech startups to join the FinTechVisor platform. A discussion with senior members of SizeUp, Token, and bot addressed the specific difficulties and benefits of working with banks from the direct experience and perspective of Fintechs. The fintech panel included Anatalio Ubalde of SizeUp, Eylem Basturk of bot, and Michael O’Loughlin of Token.

Benzinga says SizeUp Is Personalizing Small Business Analytics

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The Benzinga article “SizeUp Is Personalizing Small Business Analytics” discusses the strategic ways that SizeUp is helping banks and insurance companies with “tailored data to its clients through comparisons of millions of separate local, regional, and national data points.” According to the article “Through those data points and basic information on the business, like revenue, clientele or vendor information, Sizeup generates statistics on how that business compares to others close by or nationwide. Sizeup also provides maps and graphical information on areas of opportunity for new customers or advertising in the communities they serve.”

Benzinga Fintech Summit SizeUp Demo

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The Benzinga Fintech Summit “Innovators and Game Changers” included a demonstration of SizeUp to the audience of financial service and technology professionals attending the event. The conference in San Francisco brought together some of the leading experts in financial services and business including speakers such as Keith Krach, Chairman of Docusign; Kevin O’Leary, Chairman of O’Shares ETF Investments; Chris Larsen, Founder of Ripple, E-loan, and Prosper; Tom Eck, CTO of IBM Watson; and many other respected leaders from Experian, Lending Tree, Bessemer Venture Partners, Quicken Loans, Intuit, and others. The summit focused on the FinTech revolution with the newest A.I., Machine Learning, Deep Learning, and Blockchain tools being used to automate and revolutionize financial services.

[vimeo http://vimeo.com/237685314]

Benzinga Says SizeUp is the Fintech Narrowing the Info Divide for Small Business

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Financial services media outlet Benzinga’s story about SizeUp, “Meet SizeUp, The Startup Using Fintech To Narrow The Information Divide For Small Businesses” discusses the innovations SizeUp is delivering. According to the article, “The San Francisco company’s platform is licensed to banks, insurers and governments to provide small businesses with customized and local data on competitors, customers and advertising.”