Montreal-based Holt FinTech Accelerator has revealed the startups a part of its 2020 cohort. The third in its historical past, the accelerator pivoted this yr to search out options that may assist remedy challenges confronted because of the COVID-19 pandemic.
“We are also proud that four of eight companies in this cohort include women as part of the core leadership team.”
The accelerator centered on 4 FinTech verticals for its cohort: cybersecurity, InsurTech, proptech, and commerce finance. The eight chosen firms had been chosen from a pool of 700 functions from 87 international locations, with alternatives made following a web-based session earlier this yr by 125 of Holt’s advisors. The 2020 cohort begins July 27, and shall be online-only because of the pandemic.
“In response to the impacts of COVID-19, we felt that adoption of FinTech solutions needed to accelerate more than ever and adjusted our focus accordingly,” stated Jan Christopher Arp, founding managing associate at Holt Accelerator.
“We are also proud that four of eight companies in this cohort include women as part of the core leadership team either in co-founder [or] C-level executive roles,” stated Elisabeth Laett, who was tapped to function co-managing associate at Holt earlier in March. “This is a real sign of progress, as the industry average is just 13 percent when it comes to funding for women-led businesses in FinTech. I’m pleased to be able to help Holt invest in women at 4X the standard rate.”
Based in 2018, Holt tracks over 10,000 early-stage FinTech startups globally, soliciting people who current one of the best match with its advisor community. A complete of two Canadian firms had been chosen for this yr’s cohort. The 2020 Holt cohort consists of:
Talem Well being Analytics (Canada)
Sydney, Nova Scotia-based Talem Well being Analytics gives a predictive AI harm causation instrument that examines automotive crash information for severity, analysis affirmation, occupant movement, and restoration trajectory. The service helps insurers streamline restoration and lower down on billions in fraud every year.
Ownest Monetary (Canada)
Based in Calgary, Ownest Monetary has partnered with 125 Canadian lenders to make looking for a mortgage, automotive financing, or different loans as straightforward as ordering dinner. Ownest says its shoppers want 70 % much less paperwork whereas companions achieve transparency and lower out 90 % of their inner processing time.
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Agryo is an agtech startup that connects lenders to farmers by combining information and AI modelling to convey higher monetary companies to tens of millions of underserved farming households globally. Its threat intelligence instruments present evaluation earlier than, throughout, and after any transaction associated to crop contracts relationship again 20 years.
Switzerland-founded Fidectus permits power merchants to automate and speed up the settlement course of in cross-company workflows.
Naoris (United Kingdom)
Based mostly in London, England, Naoris helps monetary service firms future proof their methods and information. Naoris says its platform is ready to detect any safety breach inside seconds, which might take rivals so long as four months to perform.
Relativity6 (United States)
Boston-based Relativity6 helps insurers determine and retain worthwhile clients by means of information evaluation. Based at MIT, the corporate says its AI platform can predict future buyer behaviour and maximize lifetime value.
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Sentro (New Zealand)
Sentro helps group insurers develop their enterprise effectively by connecting their clients, companions, and methods. A part of the Microsoft for Startups program, Sentro helps its shoppers give group clients custom-made services. Considered one of its co-founders, Hans Frauenlob, is a Canadian expat dwelling in New Zealand.
SolidBlock gives blockchain-based options for the actual property business, together with tokenization of property, good contracts with built-in regulation and authorized structuring, and a tradable asset infrastructure.
Picture courtesy Holt FinTech Accelerator.