Fintech71
107 S High St Ste 200, Columbus, Ohio, 43215, United States
Overview
Fintech71 is a startup accelerator that provides fintech startups with funding up to $100k, access to the top financial service companies and mentors in the industry. The 10-week intensive program is a state-wide collaborative ecosystem and innovation outpost for the top financial services companies in the state. Partner Companies Include: Key Corp, Grange Insurance, Huntington, Accenture and Visa Mentors From: Safelite AutoGlass, Fifth Third, Progressive, Root Insurance, JP Morgan Chase, Kroger, Silicon Valley Bank, First Federal of Lakewood, 84:51, Capital One, First Financial Bancorp, Apex Supply Chain Technology, Diebold Nixdorf, Holland Fintech, Visa, JobsOhio and Lumos Accelerator.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Investment portfolio
- SafeChain
Participated · Seed · Feb 2018
SafeChain offers SafeWire, an integrated title management software that leverages blockchain and a unique multi-factor authentication mechanism to enable rapid title-related transactions. The company is led by CEO Tony Franco and targets title agents with tools to secure and streamline closings. SafeWire is designed to facilitate 30-second real estate transactions through its authentication and workflow features. SafeChain intends to use recent funding to expand its sales team, develop additional products, and execute on customer partnerships. The article does not disclose revenue or user metrics. The company is based in Columbus, Ohio.
- PayKey
Participated · Series B · Oct 2017
PayKey builds a white-label keyboard API that integrates with banks’ mobile apps and preserves each institution’s security and authentication systems so customers can access payments and account services without opening a banking app. The keyboard places a bank-branded key on users’ smartphones that opens a menu of services from inside social and messaging apps. PayKey says the product reduces friction for millennial customers who prefer in-app peer-to-peer payments and messaging-based services. The company has signed commercial agreements with seven banks, including Westpac, UOB, Bank Leumi and an unnamed very large financial services provider. PayKey raised a $10M Series B, bringing total funding to $16M. The startup plans to double its customers over the next six months, with a focus on Asia, and is also exploring other verticals such as telecom providers. PayKey offers a keyboard app that allows users to make payments within social networks and messaging apps including Instagram, Facebook, Twitter and WhatsApp from their own bank accounts. The company is led by CEO & co-founder Daniel Peled and CTO Offer Markovic. PayKey intends to use the Series A proceeds to further develop its mobile payment solutions. The product integrates payments directly into messaging experiences to streamline person-to-person and in-chat payments. The company raised growth capital in 2016 to accelerate product development and market expansion. No operating metrics were disclosed in the article.