December 17, 2021 12:00 PM Eastern Daylight Time
MassChallenge, the global network for innovators, today announces the 24 startups invited to participate in the 2022 FinTech cohort. Meet the MassChallenge FinTech 2022 cohort here.
“We are excited to welcome 24 startups to our 2022 FinTech program. This year’s cohort represents some of the most forward-thinking startups in financial literacy, data management, blockchain, AI, and other areas of financial challenges with a growing need for innovation,” said Cait Brumme, Senior Vice President of MassChallenge. “We look forward to witnessing the transformation these startups bring to the financial ecosystem with their innovative digital solutions.”
MassChallenge accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation. From January to June, participating fintech startups will work 1:1 with one or more corporate partners to tackle industry-specific challenges – from environment, social, governance (ESG) to financial literacy and wellness. MassChallenge’s model facilitates these partnerships to produce meaningful results, all the while helping fintech startups achieve sustainable growth and enterprises scale innovation from startups. After a rigorous matchmaking process the 9 Fintech Challenge partners extended 29 offers to 24 startups for potential partnership opportunities.
“Manulife is proud to be one of the founding partners of MassChallenge FinTech. We’ve successfully worked with start-ups to generate breakthrough ideas, get a fresh perspective on addressing customer needs, and explore opportunities to extend customer relationships in unique and differentiated ways. In return, we offer start-ups a chance to pilot their technology, fine-tune their product offerings and boost their customer reach. These partnerships are supercharging our digital transformation, helping reimagine customer experiences and identifying new growth opportunities,” said James Vogtle, Manulife’s Chief Customer Centricity and Innovation Officer.
The program is supported by a public-private partnership that includes founding partners MassMutual, Putnam Investments, Fidelity Investments, Citizens Bank, and Manulife (operating primarily as John Hancock in the United States); challenge partners Columbia Threadneedle Investments, KPMG, and State Street; community partners City of Boston, Build Commonwealth, Laika, Goodwin Procter, SEI Ventures, FinTech Sandbox, Brandeis International Business School, Wells Fargo Startup Accelerator, and the Financial Revolutionist.
MassChallenge is excited to welcome its latest FinTech Challenge partner State Street, which provides investment management, servicing and administration; research and trading; and financial data analytics for the world’s largest institutional investors.
“We’re excited to be joining MassChallenge as a Fintech Challenge partner,” said Nadine Chakar, head of State Street Digital. “Our newly launched division, State Street Digital, was created to help drive innovation and address the industry’s evolving shift to digital finance, and today’s announcement will allow us to partner with, and be connected to, brilliant start-ups who can potentially collaborate with our internal teams to solve specific challenges so we can continue to focus on further developing our digital capabilities on behalf of our clients.”
MassChallenge is a key player in the fintech ecosystem, serving as a connector and champion for startups from around the world. To date, 55 startups have participated in MassChallenge FinTech and collectively have raised more than $245M in funding, generated more than $74M in revenue, created over 850 jobs. More details on the 2021 program’s impact can be found here.
About InterGen Data, Inc.
InterGen Data, Inc. (InterGen) was founded by the financial services industry veteran Robert J. Kirk in 2017. InterGen builds AI based ML-driven data technology that helps companies identify when their clients are likely to have an important life event occur – including what that event could be and how much of a financial impact that it could represent.
More information can be found at https://www.intergendata.com/.
About MassChallenge
MassChallenge is a global network of zero-equity startup accelerators. Headquartered in the United States with locations in Boston, Israel, Mexico, Rhode Island, Switzerland, and Texas, MassChallenge is committed to strengthening the global innovation ecosystem by supporting high-potential startups across all industries, from anywhere in the world. To date, more than 2,300 MassChallenge alumni have raised more than $5 billion in funding, generated more than $2.7 billion in revenue, and created more than 136,000 total jobs.
Learn more about MassChallenge at masschallenge.org
View source version on businesswire.com: https://www.businesswire.com/news/home/20191223005502/en/InterGen-Data-Selected-2020-MassChallenge-FinTech-Program.
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