Accelerators Columbus News

International Startups Converge On Ohio For Fintech71’s Inaugural Cohort

fintech71-top International Startups Converge On Ohio For Fintech71’s Inaugural CohortFirst Of It’s Kind Non-Profit Fintech Accelerator Kicks Off Today In Columbus

Fintech71 used the setting at last week’s Finnovate financial tech startup conference in New York to announce the innaugural cohort of their accelerator.

10 startups were chosen for the 10 week cohort fintech accelerator program. Business leaders across the region came together with nonprofit JobsOhio to launch Fintech71.

The startups chosen from the program hail from all over the world. Of the ten startups chosen only five are from the U.S. The other five are from the UK, Ireland, Israel, Portugal and India.

Each team will recive $100,000 stipend in exchange for a flexible stage opportunity equity stake. They will also receive mentoring from a network of over 100 mentors. While the companies are in Columbus they will receive free office space downtown that extends through a six month period. Of course they will also receive introductions to important investors and industry leading executives.

Here are the 10 startups chosen to participate:

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

The cohort kicks off today. You can find out more at 

  • AJ

    Go!!! Best school payment solution for K-12 schools that is actually free.