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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.

Insurance Innovation Reporter Covers Westfield Insurance Giving BOP Clients BI

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Insurance Innovation Reporter’s article “Westfield Insurance Partners with SizeUp to Give BOP Clients Business Intelligence” describes how “Westfield Insurance (Westfield Center, Ohio) has partnered with business intelligence site SizeUp (San Francisco) to provide a competitive analysis tool to its small business owner customers to help them identify and maximize their competitive advantage and become more profitable.” The story further explains that Westfield is able to provide their small business customers and agents with four new analytical tools including: performance benchmarking, competitive assessment, best places to advertise, and demographic analysis.

Digital Insurance on Westfield Insurance Small Businesses Intelligence

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Digital Insurance’s article “Westfield Insurance offers new BI tool to small businesses” discusses how the insurance company is providing SizeUp business intelligence to its small business customers. “Now small business owners can instantly access competitive benchmark, advertising, demographic, industry, geographic, and cost-of-business data that huge corporations use every day,” said Carrie Busic, Westfield Insurance’s national commercial sales leader, in a statement.

You can read a reprint of the original article on Information Management.