Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news

Breaking-Finance.Com - The Holt Fintech Accelerator today announces the launch of its 2020 cohort, the third in its history.

Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news

Breaking-Finance.Com - The Holt Fintech Accelerator today announces the launch of its 2020 cohort, the third in its history.

Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news
04 August 2020 - 14:30

Breaking-Finance.Com - This year, Canada’s only business accelerator devoted exclusively to all Fintech verticals has pivoted due to the ongoing pandemic. To accelerate competition in this space during Covid-19, Holt extensively analysed the current market conditions and identified 4 key verticals for which Canada’s ecosystem has shown a considerable appetite: • Cybersecurity; The needs here are immediate given the increase in fraudulent activity under Covid-19, thus requiring new methods to mitigate cyber threats. • Insurtech; Given premiums are now expected to face downward pressures, opportunities to reduce costs, or increase revenues for insurers are more welcome than ever. • Property tech; pent up supply and low mortgage rates are resulting in pressure to create new opportunities in distributing loans or securitize equity. • Trade Finance; geared towards major economic and socio-political fields like agtech and energy financing opportunities. “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" said Jan Christopher Arp, Founding Managing Partner at Holt Accelerator. "We received a record number of applications and a significant increase in engagement from our advisors during the selection process. This enabled us to identify the startups best positioned to provide direct benefits Canadian consumers and financial institutions, while also making Canada more competitive globally.” The 2020 cohort is made up of the following fintech companies: 1. Brazil’s Agryo is an agtech which connects lenders to farmers by combining data and AI modelling to bring better financial services to millions of underserved farming families globally. Its risk intelligence tools provide analysis before, during and after any transaction related to crop contracts dating back 20 years. They provide risk intelligence as service (RasS) to banks, insurers and Ag-coops. 2. Swiss-based company Fidectus allows energy traders to manage the high pressures of managing costs, cash limits and risks by automating and accelerating the settlement process in crosscompany workflows. 3. Straight out of London, Naoris helps financial service companies future proof their systems and data the way governments and militaries approach cybersecurity and threat detection. In seconds, the platform is able to detect any security breach, which can take competitors as much as 4 months to accomplish. 4. From Calgary, Ownest Financial has partnered with 125 Canadian lenders to make shopping for a mortgage, car financing or other loans as easy as ordering dinner.

. 5. Relativity6 is a Boston fintech helping insurers sift through the massive amounts of data they hold to identify and retain profitable customers, cross-sell and up-sell at the right time. Founded at MIT, this AI platform can predict future customer behavior and maximize lifetime value. 6. Sentro is led by a Canadian ex-pat in New Zealand, helping group insurers grow their business efficiently by connecting their customers, partners and systems. Part of the Microsoft for Startups program, they help their clients give group customers the customized product and service experience they expect, without the administrative complexity in the back office. 7. Israel-based SolidBlock addresses a serious lack of liquidity in real estate. Tokenization of such assets, smart contracts with built in regulation & legal structuring and a blockchain based, tradable asset infrastructure. 8. And finally Nova Scotia’s Talem Health Analytics offers a predictive AI injury causation tool which examines car crash data for severity, diagnosis confirmation, occupant motion, and recovery trajectory. This helps insurers streamline recovery and cut down on billions in fraud each year. “We are also proud that 4 of 8 companies in this cohort include women as part of the core leadership team either in Co-founder and/or C-level executive roles" said Elisabeth Laett, co-Managing Partner at Holt. "This is a real sign of progress, as the industry average is just 13% 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”. These companies were selected from more than 700 applications emanating from 87 countries. Selections were made following an extensive online consultation earlier this year with 125 among Holt’s hundreds of professional advisors participating. With 1,200 years of combined experience, they contributed over 1,000 hours combined to the selection process. The 2020 cohort begins July 27, online only.

Source = Breaking-Finance.Com

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Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news


Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news


Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news


Finance Breaking news Holt Fintech Accelerator announces 2020 cohort last financial news

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