Fintech71 is a non-profit startup accelerator and innovation outpost for Fintechs and top financial services companies in the United States. Photo courtesy of Fintech71

Columbus, OH, USA – September 12, 2017

by Tim Fulton

After a rigorous global sourcing process and rounds of technical and qualitative reviews, Fintech71 has officially chosen its inaugural cohort of financial technology startups.

The 10 startups were formally announced today at Finovate in New York City.

Photo courtesy of Fintech71

The announcement coincides with more corporate partners declaring support for the effort.

In the last few weeks, Accenture, Klarna Inc., Westfield Insurance and Corporate One Federal Credit Union Inc. have also joined the extensive ranks of the private sector partners.

Photo courtesy of Fintech71

Fintech71, a first-of-its-kind nonprofit accelerator, is run by Ohio-based industry leaders to spur innovation and growth and is supported by JobsOhio, the state’s private economic development corporation with the mission to grow the economy and bring jobs and investment to the state.

Photo courtesy of Fintech71

The intensive 10-week program is designed to accelerate access to top financial services companies and expand the innovation pipeline for private-sector stakeholders.

Mentors Photo courtesy of Fintech71

https://fintech71.com/mentors/

“We are thrilled about the quality and diversity of this inaugural cohort,” said Matt Armstead, executive director for Fintech71.
“In fact, half of the teams are international and represent specialties ranging from blockchain to personal finance. We believe our 10-week program will provide an ideal springboard for these companies to graduate from emerging startups to scalable businesses, especially with access to many Fortune 500 and Fortune 1000 partners across Ohio.”

Fintech Finance Interviews Our Executive Director, Matt Armstead. Matt talks about what Fintech71 is, what we hope to accomplish this year, why Fintech71 is based in Ohio, the startups we’re looking to bring on board, and our global sourcing efforts. Photo courtesy of Fintech71

Valentina Isakina, chair of the Fintech71 Board of Directors and managing director for financial services at JobsOhio, said Fintech71 received a phenomenal response with applicants from across the globe and is excited to welcome the startups to Ohio.

Photo courtesy of Fintech71

“We are fortunate to have the business landscape and collaborative culture to support a unique venture such as Fintech71 and be attractive for global fintechs,” Isakina said.
“Ohio is home to a multitude of global financial and retail leaders, many of whom are backing Fintech71, eager to both mentor and do business with smart, innovative fintech companies.”

Photo courtesy of Fintech71

Each startup was required to have at least one fintech product or solution prototype in the market and a minimum of two team members attend the full program in person.

The 10 winners, selected to the inaugural cohort are:

• Billon (UK) – Blockchain-based payments platform

• Elafris (US/San Francisco) – AI/virtual insurance agent

• Hexanika (India/NYC) – End-to-end Regtech and Big Data automation for banks

• ID-Pal (Ireland) – KYC authentication and onboarding solution

• James (Portugal/NYC) – Machine learning credit risk solution for banks

• LateShift (US/Atlanta) – Income optimization tool for independent workforce

• PayKey (Israel) – White-label money transfer to anyone on any social platform

• SafeChain (US/Ohio) – Title insurance optimization via blockchain

• SKOOKii (US/Phoenix) – All-in-one payment platform for K-12 schools

• “Stealth” stage (US/Ohio) – Commercial insurance technology for agents

Partners Photo courtesy of Fintech71

Over the 10 weeks the startups will receive:

• Stipend of $100,000 in exchange for a flexible, stage-appropriate equity stake.

• Access to all of the participating companies’ C-level decision-makers.

• Access to over 100 of world-class mentors across a wide range of industries with daily one-on-one mentor support.

• Technical advisory support by Accenture for each team.

• Introductions to potential clients and stakeholders across the state, including site visits to Cleveland and Cincinnati.

• Six months of free office space from start of program in downtown Columbus.

Photo courtesy of Fintech71

The cohort will officially start the week of September 18 and finish by Thanksgiving.


About Billon

Billon is a fintech company that has developed an application based on distributed ledger technology.

The application, which may be used on an electronic device e.g. mobile phone, enables users to collect and pay with electronic money (e.g. a digital form of British Pounds).

As a company, we are legally registered in the United Kingdom (company number 10169337).

Photo courtesy of Billon

If you would like to know more about Billon, please visit our website

www.billongroup.com  

Thanks to the Financial Conduct Authority (FCA) acceptance of Billon onto their programme, we are able to test the functionality of our application within their “regulatory sandbox”.

Photo courtesy of Billon

For the purposes of FCA regulatory sandbox testing Billon Financial Ltd has been granted registration as a Small Electronic Money Institution (SEMI) from 19 January 2017, under the Electronic Money Regulations 2011 (EMRs)

https://register.fca.org.uk  

Photo courtesy of Billon

Meet people who change the world of finance

Billon disrupts technological fundaments behind money and the way it is stored and moved between people and organizations.

Photo courtesy of Billon

We have created a revolutionary instant payments system tapping on distributed ledger technology.

Photo courtesy of Billon

Our technology supports all national currencies, complies with financial regulations and eliminates barriers of time and distance.

It is a technology that cares for people’s needs in the digital age.

Photo courtesy of Billon

We are a 50+ team of people creating a human-centric financial technology that would empower everyone to participate in the digitized global economy of tomorrow.

Courtesy of Billon

We are currently present in Poland and UK.

https://billongroup.com/en/about-us/  


About Fintech71

Fintech71 is a non-profit startup accelerator and innovation outpost for Fintechs and top financial services companies in the United States.

Located in Columbus, Ohio, the accelerator focuses on growing entrepreneurial activity, attracting more Fintech companies to Ohio, and expanding the innovation pipeline for current private-sector stakeholders, including Ohio’s strong financial services base and Fortune 500 and Fortune 1000 companies headquartered in the state.

More information at fintech71.com.

https://fintech71.com/  

https://fintech71.com/mentors/  


Contact

Fintech71
107 South High Street, 2nd Floor
Columbus, Ohio 43215
info@fintech71.com  


Sources:

Fintech71

https://fintech71.com/  

Billon

https://billongroup.com/en/  


Polski startup otrzymał 100 tysięcy USD dofinansowania z USA

PAP, 13-09-2017

Polska firma technologiczna Billon, odpowiedzialna za system natychmiastowych płatności wykorzystujący technologię rozproszonego rejestru, otrzyma 100 tysięcy dolarów z amerykańskiego funduszu dla startupów Fintech 71.

Środki będą przeznaczone na rozwój rozwiązań w USA.

• Polska firma chce pokazać się w USA.

• Billon jest jedyną polską firmą, która zakwalifikowała się do programu.

• Wcześniej startup uzyskał również 2 mln euro w ramach programu KE Horyzont 2020.

Oprócz dofinansowania nagrodą dla startupu jest udział w nadzorowanym przez Accenture programie akceleracyjnym, w ramach którego przedstawiciele Billona spędzą 10 tygodni w Columbus w stanie Ohio, gdzie będą pracować z mentorami z firm Visa, Mastercard, Prudential i Santander.

W USA Billon spotka się również z ponad 20 amerykańskimi funduszami inwestycyjnymi oraz firmami FMCG i ubezpieczeniowymi zainteresowanymi wdrożeniem rozwiązań startupu.

„Stany Zjednoczone to rynek, na którym wciąż dominują płatności gotówką i czekami. Jedziemy do USA, żeby przedstawić bankom technologię pozwalającą na podjęcie skutecznej walki o płatności cyfrowe. Rozwiązania Billon sprawiają, że cyfrowe transakcje stają się opłacalne nawet dla najmniejszych kwot. Fintech 71 to idealny partner do zwiększenia widoczności naszych rozwiązań w USA” - podał w komunikacie prasowym David Putts, dyrektor zarządzający rozwojem międzynarodowym Billona.

Sprawdzona technologia

Jesienią na polskim rynku ma ruszyć platforma e-commerce korzystająca z technologii Billon do obsługi sklepów internetowych i przesyłania indywidualnych dotacji przeznaczonych dla streamerów, blogerów i fundacji.

Do korzystania z platformy nie będzie potrzebne konto bankowe ani karta płatnicza.

Z tej samej technologii korzysta już Philip Morris International, wypłacający za jej pomocą nagrody motywacyjne.

„Przewagą naszych rozwiązań jest szybkość ich wdrożenia. Banki, firmy czy sklepy internetowe mogą zacząć używać technologii Billon do przesyłania wypłat i płatności online w ciągu zaledwie kilku dni. Liczę, że w USA, podobnie jak w Polsce i Wielkiej Brytanii, Billon zintegruje się z bankomatami i punktami stacjonarnymi, dzięki czemu wszędzie będzie można wygodnie wpłacić i wypłacić pieniądze” - powiedział Andrzej Horoszczak, założyciel i prezes Billon.

Billon z biurami w Warszawie i Londynie to firma technologiczna odpowiedzialna za system natychmiastowych płatności oparty na zaawansowanej kryptografii oraz technologii rozproszonego rejestru (DLT).

Firma zastrzega, że ma licencję FCA na wydawanie pieniądza elektronicznego w Wielkiej Brytanii, a jej rozwiązanie obsługuje waluty narodowe i jest zgodne z regulacjami finansowymi.

Fintech 71 tworzony przez firmy z Ohio w USA to akcelerator non profit dla startupów rozwijających usługi finansowe realizowane za pośrednictwem internetu.

Celem akceleratora jest rozwój przedsiębiorczości i promowanie Ohio wśród firm fintechowych oraz wprowadzanie innowacyjnych rozwiązań w firmach z sektora usług finansowych i tych z list Fortune 500 i Fortune 1000.


Źródło: PAP

http://www.pap.pl/  



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