The Holt Accelerator, a Montreal-based program open to FinTechs from around the world, has accepted eight companies into its second cohort.
The eight companies come from five different countries, and tackle problems like fraud, wealth management, and digital document exchange. The accelerator said it received over 600 applications from 74 countries for the 2019 cohort.
“We’re trying to support financial technologies that we believe are needed in the Canadian market.”
“We’re trying to support financial technologies that we believe are needed in the Canadian market. We are now seeing some institutional players buying into what we’re doing,” said Brendan Holt Dunn, founder and managing partner of the Holt Accelerator.
“It’s about investing in Canadian founders, as well as international entrepreneurs who can move and potentially incorporate in Canada,” said Jan Christopher Arp, fellow managing partner and co-founder. “This creates direct benefits for Canadian consumers, financial institutions and service providers, while also enabling Canada to be more competitive globally.”
The 2019 cohort — which kicks off today — includes:
- Conatix: a cybersecurity firm that helps banks detect suspicious employee activity, improper behavior, policy violations and other threats on IT networks with thousands of employees, in real time.
- ConfirmU: helps people with little or no credit history gain access to financial products by combining financial data and a questionnaire into an alternative credit scoring system.
- HodlBot: a Canadian customizable cryptocurrency trading bot that enables users to index the market, create and automatically rebalance their cryptocurrency portfolios.
- LexAlign allows companies to generate customized compliance documents to identify their compliance gaps.
- Maat.ai: Maat.ai allows people and organizations to exchange digital documents safely and efficiently, using an encrypted wallet.
- Manzil: offers interest-free Islamic loans, as many of the world’s 1 billion Muslims cannot pay or receive interest on financial transactions, hindering their ability to purchase a home.
- MarketsFlow: British startup MarketsFlow offers a portfolio optimization platform delivering high returns for online investors, and claims to consistently outperform other robo-advisors available today.
- WealthBlock.AI: The US-based company invites investors to view financial documents via a secure link, tracking interaction between investors and entrepreneurs to gauge interest and streamline follow ups.
Image courtesy Holt Accelerator via Twitter