Accelerator and global innovation platform Plug and Play revealed its incoming Fall 2017 class this week. And within Plug and Play’s Fintech cohort of 24 startups, eight companies are Finovate alums, including three Best of Show winners.

  • Capitali.se
    • Founded in 2014
    • Headquartered in Tel Aviv, Israel
    • Shahar Rabin is CEO and co-founder
    • FinovateSpring 2017 demoBest of Show
  • Eltropy
    • Founded in 2013
    • Headquartered in Milpitas, California
    • Ashish Garg is CEO and founder
    • FinovateSpring 2017 demo
  • HEDG
    • Founded in 2016
    • Headquartered in San Francisco, California
    • Bob Rutherford is CEO and founder
    • FinovateSpring 2017 demo
  • Hedgeable
    • Founded in 2016
    • Headquartered in New York, New York
    • Matthew Kane is Chief Ninja and co-founder
    • FinovateSpring 2017 demoBest of Show
  • Neener Analytics
    • Founded in 2014
    • Headquartered in San Jose, California
    • Jeff LoCastro is CEO and founder
    • FinovateSpring 2017 demoBest of Show
  • Qumram
    • Founded in 2011
    • Headquartered in Zurich, Switzerland
    • Patrick Barnert is CEO
    • FinovateFall 2016 demo
  • True Link Financial
    • Founded in 2013
    • Headquartered in San Francisco, California
    • Kai Stinchcombe is CEO
    • FinovateSpring 2014 demo
  • Voleo
    • Founded in 2015
    • Headquartered in Vancouver, British Columbia, Canada
    • Thomas Beattie is CEO
    • FinovateSpring 2017 demo

Fintech is one of six programs run by Plug and Play (the others are Brand & Retail, Energy & Sustainability, Food & Beverage, New Materials & Packaging, and Supply Chain & Logistics). A total of 101 startups across all six programs were selected from an applicant pool of 2,800. The fall program lasts 12 weeks, ending at the Plug and Play Fall Summit in late October, and will provide startups with access to “world-class mentors, tier one VCs, and C-level executives to propel their businesses to success,” said Principal of Plug and Play Ventures, George Damouny. Opportunities for investment are also a feature of the program. “As an investment group,” Damouny added, “we will have a lot of fantastic investment opportunities, and I’m super excited to be working closely with these startups.”

Joining our eight alums in the fall 2017 Fintech cohort are:

  • Blockdaemon
  • Bouxtie
  • CreditStacks
  • HEXANIKA
  • Income&
  • Keyo
  • Koyfin
  • Synswap
  • LifeSite
  • MIRACL
  • Squirro
  • Novo
  • Qanta
  • Responsive AI
  • Scanovate
  • Tomorrow Ideas, Inc.

“Together, with our team members and community, Plug and Play’s goal is to showcase the startups to at least 30 corporate partners and 30 investors per vertical in the next 100 days,” Plug and Play CEO and founder Saeed Amidi said. More than half the companies in the Fall 2017 class are in the seed stage (57%), with 25% early stage, and 18% growth stage. Additionally, more than a fourth of the Fall 2017 startups are from outside of the United States, including companies from Hong Kong, Ghana, and Switzerland.

Founded in 2006 and headquartered in Silicon Valley, Plug and Play has made more than 500 investments in more than 400 companies since inception. The accelerator provides mentorship, co-working space, and opportunities for investment for both seed and more developed companies. Plug and Play’s sizable list of partners includes financial institutions and financial services firms such as USAA, Credit Suisse, Cathay Financial and US Bank. In addition to FinDEVr alums Google Cloud Platform (FD16) and Plaid (FD14), Plug and Play’s data partners include IBM Cloud, Microsoft Azure, Medici, Dun & Bradstreet, Morningstar, and AWS Activate. Graduates of the Plug and Play accelerator include Finovate alums Dwolla (FS15), Lending Club (FS09), PayPal (FE12), and Trulioo (FF16).

The post Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Fintech Class appeared first on Finovate.


Source: Events
Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Fintech Class