Columbus, OH– After an in-depth technology scouting and evaluation process, FintechAccel | CU has announced its inaugural cohort of financial technology startups. The eight startups will take part in a showcase event as part of SherpaFUSE 2019, Sherpa Technology’s annual credit union conference taking place November 4-6 in Tampa, Florida.
Sherpa Technologies and Horizon Two Labs partnered to form FintechAccel | CU, the credit union industry’s premier fintech innovation platform. The focus is to work with credit union leadership throughout the country to identify and solve issues facing the industry by finding, fostering, showcasing, and partnering with fintech startups.
“The credit union industry is ready to partner with innovative fintechs,” says Keith Riddle, president and CEO of Sherpa Technologies. “We look forward to evaluating potential relationships that can be forged between the credit unions and our first cohort of startups.”
Participating sponsors of FintechAccel | CU include Corning Credit Union, Gulf Winds Credit Union, Kemba Credit Union, KEMBA Financial Credit Union, Northrup Grumman Federal Credit Union, One Nevada Credit Union, Virginia Credit Union, and Connect Financial Software Solutions (ConnectFSS).
“This class of startups represent solutions to real and immediate problems our credit union partners are facing,” says Kevin Pohmer, Managing Director of FintechAccel and former CEO/founder of Financial Guard. “As we do more showcases and build the FintechAccel | CU alumni network, we see a huge opportunity to find synergies among all stakeholders.”
The eight startups participating are:
- Arcus – Revolutionizing payments infrastructure
- APiO – Lowering costs, reducing risks and delivering better user experience
- CreditSnap – Intelligent Matching Engine (powered by AI) to match customers with offers
- Digs – Savings app that helps customers reach homeownership
- Finovera – Digital bill management and payment platform
- IdentityMind – Creates and analyzes digital identities for identity proofing, onboarding, and fraud prevention
- Kindur – Managing retirement income for those preparing for and living in retirement
- Shastic –Business text messaging for credit unions
FintechAccel is a platform that creates ecosystems for financial services organizations to engage in external innovation; specifically with fintech startups and solutions. Led by a team of serial entrepreneurs, FintechAccel leverages their knowledge and networks to operate fintech accelerators, showcases, events, and its unique Venture Studio model. Learn more at fintechaccel.com.
ABOUT SHERPA TECHNOLOGIES
Sherpa Technologies is leading credit unions on a journey of digital transformation to provide integrated, seamless, and personalized member experiences. Their team’s extensive knowledge is leveraged to complement their partner credit unions with the desired insights, so that they can successfully serve their members in a dynamic digital financial marketplace. Sherpa’s flagship digital business platform, Mosaic, provides a comprehensive application development framework, integrating an ever-expanding suite of solutions with credit union systems and applications, and optimizes data to drive personalization and credit union growth. Sherpa Technologies is a credit union service organization (CUSO) of Corporate One Federal Credit Union. Learn more at sherpatech.org.