H1 2024 Wrap-Up Part 1

New Startups in Our Data Access Residency

Nineteen fintech startups joined our Data Access Residency in the first half of 2024 and they are a very interesting and exciting bunch.

You will probably not be surprised to learn that fintechs using AI dominate our recent admissions. Fourteen of the 19 are utilizing artificial intelligence. These numbers may be the result of some selection bias as AI requires a lot of data and we are the place fintech startups can come for data in their earliest stages. But it may also be that AI is going to be an under-the-hood technology in fintech. It will be interesting to see if this trend continues in the coming years.

Fifteen of the 19 new residents are B2B, two are B2C, and two are B2B2C. Our residents aren’t always so focused on business to business. We’ve noticed that every business model has a season and we have seen these proportions ebb and flow over time. Speaking of trends that change, we’ve also seen a groundswell of startups tackling challenges in insurance and real estate in the first six months of the year.

Geography-wise, new residents all hail from the U.S. and Canada. Seven are based in New York, three in Ontario, two in Florida, two in Massachusetts, and one each in California, Tennessee, Iowa, New Jersey, and Utah.

We’re excited to see how access to data will accelerate progress at each of these startups! If you know of other early-stage fintechs that could benefit from access to data and to our supportive community of partners, please encourage them to learn more about our Data Access Residency and to submit an application. Thanks to our generous sponsors, it’s completely free and designed to help qualified fintech startups thrive. Startups can apply at any time. We consider applications on a rolling basis.

And now, without further ado, here are our newest residents:

 

Core Banking & Infrastructure

TitanPayAI

Cambridge, MA

AI to reduce systematic delays in cross-border banking transactions, which cost the industry over $40 billion annually.

Credit Score & Analytics

Parakeet

Midvale, UT

Parakeet solves contractors’ two pressing problems: access to capital and operational management.

Financial Services & Automation

15Rock

Markham, ON

15Rock enables firms to leverage AI for deep research to understand risks, opportunities, and valuation. They bring together financial, AI, and risk leaders to solve your most challenging problems.

Metal

Brooklyn, NY

AI accelerated diligence and portfolio management. Metal helps PE/VC funds conduct more efficient diligence and portfolio management.

Olibrum

Dedham, MA

Olibrum uses proprietary rules engines to provide tax savings to B2B clients at scale. They seek to automate the corporate tax function end-to-end to gain tax insights not previously observable.

Rattlehub Digital

Kitchener, ON

RattleHub is building tools which allow financial institutions and other companies to be The Legacy Partner to their clients.

Shrub Platforms

New York, NY

Shrub is an AI software that gives companies the tools and resources needed to run effective and efficient shareholder engagement programs. Founded by former advisors, they help customers supercharge their investor relations programs, automate time-consuming processes, improve their ESG reporting, and get to better outcomes with their shareholders.

SocraticsAI

Pleasanton, CA

Today’s deal-making process is arduous & cumbersome. SocraticsAI improves investment banking process efficiency by 10x.

Tenor Digital

Fort Lauderdale, FL

Modern SaaS private credit loan management – helping high-growth lenders scale operations and insights with next-generation software.

Insurance

Insurtic

Des Moines, IA

Insurtic is a cloud-based SaaS platform that helps actuaries, underwriters, and claims adjustors at insurance carriers get deeper risk insights to bring customers personalized insurance products.

Riskify

Brooklyn, NY

Riskify is building a peer-to-peer reinsurance platform facilitating the transfer of large, geographically concentrated catastrophe risk into bit sized pieces.

Personal Finance & Savings

Finvise

New York, NY

Finvise is your virtual financial advisor. They use AI to analyze your financial history and goals to provide recommendations to maximize your net worth. They go beyond telling you what happened to inform what you could do.

NUDGE

Rochester, NY

NUDGE is pioneering embedded financial wellness with B2B SaaS that influences wellbeing at scale, while boosting net revenues for adopting financial firms.

Real Estate

Gumption Technologies

Chattanooga, TN

Commercial retail property borrowers use Gumption to close capital at the best terms in record time, and banks use Gumption to receive high-quality, qualified retail loan leads.

Vrolio

Orlando, FL

Vrolio’s inveSTR model can underwrite over 23,000 markets across the US in under 15 seconds and any property within 10 seconds. Vrolio is powered by a combination of AI, proprietary models and clean data.

Regulatory & Compliance

Fairly AI

Kitchener, ON

Fairly AI is an award-winning pioneer in AI Governance. Their innovative platform streamlines the adoption of AI technologies, ensuring they adhere to the highest standards of compliance and risk management.

Wealth Management

Illuminence

New York, NY

Illuminence is developing a first-in-kind investing co-pilot for financial advisors that allows them to deliver higher-quality, risk-managed portfolios tailored to each household’s complex financial circumstances more easily.

MAPLE

Montclair, NJ

MAPLE is a fully digital financial advisor service that helps users to build and manage their wealth. MAPLE enables the users to SEE what they have, UNDERSTAND what it means and ACT on it.

 

Sandbox Wealth (no relation)

New York, NY

Sandbox Wealth is a turnkey private banking platform for RIAs and Family Offices.

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