#10 - Fintech
Discover more from StartOP
#10 - Fintech
A bi-weekly newsletter containing curated entrepreneurial focused content for students, founders and friends.
The Recap
The Fintech space has had a whirlwind of a year. The combination of unprecedented market fluctuations and rapid economic growth has caught many Fintech companies that relied on AI or predictive modeling off guard. Though many of these companies have learned to adapt, Fintech companies tackling the insurance, housing and investing spaces have continued to thrive. In this edition, we feature a collection of emerging Fintech startups in the Boston community. Make sure to subscribe below and read to the end for job and internship opportunities at many of the featured startups!
Featured Fintech Startups
Founders: Peter MacDonald and Joseph Schnare
Founded in 2018 out of an MBA program at Boston College, Wunderite is a data exchange platform that aims to bring efficiency to the commercial insurance marketplace, transparency to stakeholders, and actionable insight to decision makers. Working as an insurance consultant for 10 years, MacDonald recognized the need to move the insurance industry away from pen and paper. They were a finalist at the Rice Business Pitch Competition in 2018 and raised a pre-seed round of $120K last June.
Founder: Steve Le Roux, Diederik Meeuwis and Matina Dimitriadou
Started out of Harvard, and later backed by MIT, Envel is a Fintech startup that is reimagining modern banking. While at college, Le Roux and his friends became frustrated with the antiquated banking system that failed to benefit both parties equally. Rather than remaining complacent, Le Roux engineered Envel, the first-ever AI-based autonomous bank account. With Envel’s patented algorithms and envelopes software, the customer gets access to automated optimization of finances and better money organization, allowing you to stress less about budgeting and focus more on everything else.
Highlighted Fintech Startups
MIT
Floating Point Group is a trading platform provider, offering innovative, industry-leading trade execution and settlement. Their product is a universal API that makes trading easier through a centrally funded trade account.
Relativity6 is a machine learning platform that enables agencies and brokers to accurately predict customer behavior and anticipate their needs. Relativity6 doesn’t choose between bots and people—it combines the best of both in one platform!
Traive facilitates loans to the agriculture industry, offering both farmers and lenders unique access to marketplace lending. With features ranging from smart loans to credit assessment, Traive aims to help farmers from all over the world.
Finary is a social investing platform building group chats for Gen Z and Millennials. You can chat with friends about your portfolio, discover new investing communities, and make trades on the market. With Finary, you don’t have to invest alone!
Harvard
Tang is an international peer-to-peer transaction app with a social mission of financial inclusion for emerging markets. So far focused on the Philippines and the U.S., Tang helps with quick top-ups and money transactions.
LeverEdge negotiates loan rates for large groups of students (i.e. collective bargaining). To date, it has helped thousands of students access over $100M in loans at rates and terms that are better than what any single student could get on their own.
As a mobile-based platform providing financial inclusion to entrepreneurs in developing countries, Almond’s mission is to assist people globally in achieving economic growth, escaping poverty, and pursuing better futures.
Northeastern
IncomeConductor® is a proprietary, cloud-based tool that allows advisors, firms, and individuals to create customized, time-segmented income plans that can be easily tracked and managed throughout retirement.
Boston College
Sencha Credit is a combination between a debit and credit card that allows its users to build up credit without having to worry about spending.
Aventure demystifies trading and financial literacy for new retail investors. Aventure’s mission is to “democratize and revitalize the bond market for the modern millennial investor.”
Opportunities
Internships
Wunderite - Email Peter MacDonald at peter@wunderite.com.
Full-time Positions
Envel - User Support Manager
Envel - Community Marketing Manager
Envel - Senior Software Engineer
Envel - Ambassador (email info@envel.ai)
Envel - Other Opportunities (email careers@envel.ai)
Juno - Senior Backend Developer
Juno - Customer Success Associate
Juno - Head of Performance Marketing
Juno - Product Manager
About the Author
Alex Marley is a junior majoring in electrical engineering and economics at Northeastern University. Currently he is the Vice President for the Huntington Angels Network, External Relations Lead for Generate, researching neural interfacing devices at Northeastern, an electrical engineer for Paradigm Hyperloop and the founder of the StartOP newsletter. Alex is also working part time as an electrical engineer at Notch Technologies and interning as a venture analyst for Wiase Capital.