LITTLE ROCK, Ark., July 27, 2017 /PRNewswire/ -- Two international and eight U.S. teams completed the VC FinTech Accelerator Empowered by FIS yesterday and presented their solutions to more than 350 investors, including banking and financial services executives from across the U.S., at VC FinTech Demo Day.
Held at the Clinton Presidential Library, Demo Day was the culmination of The Venture Center's 12-week accelerator program for early stage businesses poised to disrupt the financial services industry. During the program, the 10 companies received in-depth mentoring and training from FIS and The Venture Center, as well as the opportunity to engage with more than 20 financial institutions.
This year's portfolio companies included:
- Alpharank, San Francisco, Calif., helps banks monetize their historical transaction data using social graphing via an advanced analytics engine.
- Alto IRA, Nashville, Tenn., a fast and easy way to invest in alternative assets like real estate and private equity with a self-directed IRA account.
- Bond.AI, New York City, N.Y., an omnichannel conversational intelligence platform for banks that analyzes bank data in context to various needs and enables interaction between banks and their consumers through voice (Alexa, Siri, Onstar) & text (SMS, messenger) channels.
- eGiftify, London, England, provides banks and businesses with innovative gifting, payment and client marketing solutions that can be sent via email, SMS, social media or print.
- Hedgehog, Detroit, Mich., a crowdsourced solution for the retail investor that helps mitigate/hedge investment risk.
- Omnetrium, Chicago, Ill., enables financial institutions to combine savings and gaming to drive new account growth by leveraging recent regulatory changes that permit prize linked savings.
- Plinqit, Ann Arbor, Mich., helps community banks build lasting and profitable relationships with millennials.
- Quotanda, Mexico City, Mexico, is a lending-as-a-service (LaaS) platform that enables lenders and schools to efficiently launch and manage student financing programs (loans and scholarships) to make education more affordable.
- WalletFi, Chapel Hill, NC, reduces customer churn for banks and financial institutions by allowing users to easily identify and move recurring charges, subscriptions, and card-on-file payments across cards in their digital wallet.
- Xplanr Analytics, New York City, N.Y., provides computational analytics for IFRS9, CECL and other regulatory requirements that require advanced predictive modeling.