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Sussex Combines Economic Gardening, SizeUp, and Loans for Small Business Growth

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The Article “Focus on Western Sussex as County aims to help business” in Costal Point explains that “SizeUp lets people create customized reports for their specific industry. Tools include benchmarking to see how a business compares to competitors in the industry, as well as mapping of competition, customers and supplies. It also shows advertising and demographics, such as labor force and consumer spending in that area.” The information is available to local businesses on the Sussex County website.

“This is the same information — tools that large businesses use to make decisions,” but now it’s free for smaller businesses in Sussex, said Economic Development Director William Pfaff.

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.

FinXTech Rates SizeUp a Friend of Banks and Legacy Financial Institutions

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FinXTech’s article, SizeUp: Friend or Foe, concludes that “SizeUp is a friend to banks and legacy financial institutions of all sizes. Bringing this level of sophisticated big data and business intelligence to their small business clients is only serving to help them grow and succeed, which should ultimately result in increased small business account retention. And as these companies grow, banks can be ready to upsell and cross-sell additional products and services that focus on specific stages of development along the way.”

Read the complete article about SizeUp by FinXTech here.