MassChallenge

Ujamaa Incorporated is a digital wallet app for BIPOC college students and graduates to pay off debt, build credit, and learn financial literacy through everyday purchases and payments.

Dollarito is a digital lending platform that helps the Hispanic population with no credit history or low FICO score access fair credit. The company specializes in the fields of credit, financial services, fintech, and personal finance.

Otomo delivers self-driving finance as-a-service to retail financial institutions, fintech companies, and brands. The company offers an AI-powered platform that provides consumers with autonomous finance tools, designed to simplify their financial lives by eliminating forethought and guesswork. Additionally, Otomo enhances personal and financial wellness through a perks and rewards system that offers personalized discounts and incentives. This approach not only improves consumer engagement but also helps clients reduce churn and achieve positive returns. By creating an integrated and user-friendly experience, Otomo aims to transform the way individuals manage their finances.

QUBER is a personal finance management application designed to assist users in managing their spending and savings effectively. The platform employs sophisticated algorithms to monitor savings on a daily, weekly, or monthly basis, offering personalized budget recommendations and tailored expenditure plans that align with individual income and spending patterns. QUBER enables users to establish specific savings goals, guiding them to allocate their funds towards meaningful priorities while promoting reduced spending on non-essential items. Through its user-friendly interface, QUBER empowers individuals to take control of their financial health and achieve their financial objectives.

Alfi is a platform aimed at enhancing financial literacy by connecting users with financial services and products through financial intermediaries. Established in 2019, the company serves various stakeholders, including governments, citizens, and financial institutions. Alfi employs gamification and machine learning to offer engaging, free services that help users develop informed financial decision-making skills for better present and future welfare. The platform's application leverages artificial intelligence to categorize users based on their financial profiles and preferences, promoting competition among users to enhance learning. As of now, Alfi has attracted 150,000 registered users and aspires to be recognized as a leader in promoting financial education and inclusion across the Americas, Africa, and Asia by 2023.

Otomo delivers self-driving finance as-a-service to retail financial institutions, fintech companies, and brands. The company offers an AI-powered platform that provides consumers with autonomous finance tools, designed to simplify their financial lives by eliminating forethought and guesswork. Additionally, Otomo enhances personal and financial wellness through a perks and rewards system that offers personalized discounts and incentives. This approach not only improves consumer engagement but also helps clients reduce churn and achieve positive returns. By creating an integrated and user-friendly experience, Otomo aims to transform the way individuals manage their finances.

BrightUp is a financial wellness platform that democratizes financial wealth building and personal well-being. It partners with employers to deliver a comprehensive financial wellness benefit to their employees to grow their net worth and improve their self-worth as well as offer low-cost emergency loan that is repaid through paycheck deductions, enabling employees to be financially healthy and holistically wealthy. The company was founded in 2020 and is based in Boston, Massachusetts.

Goalsetter is a financial education platform designed for families, focusing on helping children and teens develop money management skills. The platform offers a range of tools for goal-based saving, including automatic deposits, round-ups, and spending tools to assist kids in budgeting. It also features engaging educational content such as quizzes and videos that incorporate games and pop culture to enhance financial literacy. In addition to its app, Goalsetter provides Goalsetter Classroom, a learning management system aimed at K-12 schools, which includes a teacher-led curriculum to further educate students about financial concepts. Through these resources, Goalsetter aims to empower young users to make informed financial decisions and achieve their savings goals.

Flourish is a Berkeley-CA financial technology company with a mission to empower people to build positive money habits. Flourish licenses its turnkey engagement and financial wellness platform to financial institutions in the Americas. The team at Flourish enables banks, credit unions, and other institutions to drive deposit growth, client loyalty and higher customer satisfaction by transforming how people interact with their money.

Qoins is a financial wellness app that helps consumers achieve their financial goals by combining financial education and automation. Qoins develops an automated micro-payment platform created to pay off debt early with the spare change from bank transactions. The platform uses round-up technology on daily credit card purchases and calculates spare change from the previous month and makes an additional payment to users' student loans or credit cards, enabling them to save money and get more purchasing power in the future.

CauseEDU is a financial planning platform that helps students and their families select the best colleges and graduate schools and develop sound strategies to pay for them.

Quiena Inversiones is a retail investor platform that empowers small and medium savers to access investment products that were previously out of reach. Utilizing advanced technology, Quiena enables customers to begin investing with a single click, regardless of their prior knowledge. The platform automatically manages investments tailored to each user's goals and needs, providing solutions for short-term cash management in local currency, options for converting balances to US dollars, and opportunities for long-term investments in global assets. By calculating optimal portfolios based on individual risk profiles and objectives, Quiena offers a seamless way to navigate local, international, and sector-specific risks while maximizing potential returns.

OpSeeker is an online financial advisory platform that enables users to enhance their investment strategies and savings using fictitious money. The platform allows individuals to create profiles and simulate long-term investments, focusing on the psychological aspects of investing. In addition to portfolio simulations, OpSeeker provides a range of educational resources, including videos, podcasts, infographics, and news, aimed at improving users' financial literacy and health. By engaging with virtual money, users can develop their investment skills without the risk associated with real capital.

SpenDebt is a financial technology company that helps individuals manage and repay their debts more effectively. It offers a platform that automates debt repayment through the use of micropayments, typically set at $1.00, which are added to everyday transactions. As customers make purchases, these predefined amounts accumulate and are submitted as monthly payments toward their debts. This approach not only simplifies the repayment process but also instills financial discipline, ensuring timely payments that gradually reduce the consumer's outstanding balance. By integrating debt repayment into routine spending, SpenDebt aims to enhance financial health for its users.

Quatromoney offers a personalized college decision platform aimed at assisting students and families in understanding the financial implications of higher education. By providing a comprehensive overview of college finance options, Quatromoney helps users assess costs and monthly affordability in advance. This enables students to make informed financial decisions tailored to their budgets, ultimately empowering financial institutions and employers to support individuals in navigating the complexities of college financing. The company's turnkey solution is designed to help users evaluate the true return on investment of their educational choices.

ABAKA is a pioneering digital savings and retirement platform that leverages artificial intelligence to provide financial institutions with innovative solutions for customer engagement and advice. The platform offers a range of modular applications designed to enhance user experiences through conversational AI, personalized behavioral nudges, and comprehensive financial dashboards. By utilizing advanced machine learning models, ABAKA helps financial institutions deliver tailored insights and increase user engagement across various digital channels. Its technology is accessible to over 9 million users through partnerships with Tier one banks, pension providers, and asset managers globally. The platform supports a wide array of functionalities, including retirement planning, cash flow modeling, and suitability assessments, empowering users to improve their savings, manage debt, and secure a better financial future.

Zogo is a mobile app that pays kids to learn financial literacy. They break down complicated financial concepts into more than 300 bite-sized modules that meet kids on their phones. These modules start with easy concepts like budgeting but grow more complex as teenagers advance through the app. Users start each module by learning five concepts before taking a five-question quiz. Kids earn points in the form of pineapples as they complete modules. They can redeem these points for rewards such as gift cards. Financial institutions partner with Zogo to co-brand the app and use it as a tool to engage, attract and learn about GenZ. They would distribute it to existing customers, complement teen checking accounts and leave behind after teaching at their partner schools. We're backed by Techstars and MetLife. We have won 2019 NACUSO Next Big Idea Competition in the credit union industry as well as the "Best of Show" at FinovateFall 2019. Zogo is built by a team of GenZ, and built for GenZ.

Zogo is a mobile app that pays kids to learn financial literacy. They break down complicated financial concepts into more than 300 bite-sized modules that meet kids on their phones. These modules start with easy concepts like budgeting but grow more complex as teenagers advance through the app. Users start each module by learning five concepts before taking a five-question quiz. Kids earn points in the form of pineapples as they complete modules. They can redeem these points for rewards such as gift cards. Financial institutions partner with Zogo to co-brand the app and use it as a tool to engage, attract and learn about GenZ. They would distribute it to existing customers, complement teen checking accounts and leave behind after teaching at their partner schools. We're backed by Techstars and MetLife. We have won 2019 NACUSO Next Big Idea Competition in the credit union industry as well as the "Best of Show" at FinovateFall 2019. Zogo is built by a team of GenZ, and built for GenZ.

ABAKA is a pioneering digital savings and retirement platform that leverages artificial intelligence to provide financial institutions with innovative solutions for customer engagement and advice. The platform offers a range of modular applications designed to enhance user experiences through conversational AI, personalized behavioral nudges, and comprehensive financial dashboards. By utilizing advanced machine learning models, ABAKA helps financial institutions deliver tailored insights and increase user engagement across various digital channels. Its technology is accessible to over 9 million users through partnerships with Tier one banks, pension providers, and asset managers globally. The platform supports a wide array of functionalities, including retirement planning, cash flow modeling, and suitability assessments, empowering users to improve their savings, manage debt, and secure a better financial future.

Till Financial, Inc. is a financial management platform founded in 2018 and located in Nantucket, Massachusetts. The company offers a collaborative financial platform designed specifically for families and their support communities, enabling children to learn about spending, saving, and investing. Till Financial promotes experiential learning by replacing difficult conversations about money with practical actions, teaching kids how to manage their finances wisely in everyday situations. The platform allows teenagers to track their money movements with detailed insights, fostering independence in managing savings and investments. Families can utilize this service without a monthly subscription fee, making it accessible to all. Banking services are provided through Coastal Community Bank, Member FDIC, under a license from Visa U.S.A. Inc.

Moolah U, LLC is a company that focuses on providing financial education programs for children and teenagers through various engaging formats, such as camps, games, and at-home experiences. Founded in 2007 and based in Austin, Texas, Moolah U aims to instill financial and personal responsibility in young individuals. The company also offers a unique app designed to help kids develop smart money habits by allowing them to prioritize their savings goals according to their personal interests and values. This approach encourages autonomy and helps children learn the importance of managing their finances effectively.

RECLAIM is a financial wellness app that relieves patients from financial stress so that they can focus on their wellbeing. It helps healthcare users understand their care pathway and what to expect ahead, save on their cost of care, and optimize their insurance selection to best mitigate their financial risk. It was founded in 2015 and is headquartered in Cambridge, Massachusetts.

Guide Change is a financial management platform focused on enhancing financial care for older adults and at-risk individuals. The platform provides insights into spending and resources, generates shareable reports, and offers personalized advice to improve financial health. By securely linking online bank accounts, Guide Change helps users maintain financial independence while mitigating risks associated with exploitation and poor budgeting. The company's experts analyze data to create tailored financial reports that assist fiduciaries in making informed spending decisions, ensuring that funds are utilized in the best interests of the account holder. Through its innovative services, Guide Change aims to empower older adults to manage their finances effectively and securely.

OpSeeker is an online financial advisory platform that enables users to enhance their investment strategies and savings using fictitious money. The platform allows individuals to create profiles and simulate long-term investments, focusing on the psychological aspects of investing. In addition to portfolio simulations, OpSeeker provides a range of educational resources, including videos, podcasts, infographics, and news, aimed at improving users' financial literacy and health. By engaging with virtual money, users can develop their investment skills without the risk associated with real capital.

MoneyCompass is a financial services company that provides a mobile-based application platform for automatic personal debt optimization. It helps students and graduates to save money on their student loans, credit cards, and other financial products. The company was founded in 2018 and headquartered in New York, United States.

WalletFi is a subscription management solution tailored for financial institutions and fintech companies. It offers a white-label application that helps users manage their recurring charges effectively. By utilizing machine learning technology, WalletFi identifies subscriptions, recurring payments, and Card-on-File merchants, providing personalized insights to enhance user experience. This application equips financial institutions with detailed analytics that aim to improve customer engagement and financial wellness, ultimately delivering a measurable return on investment.

Edmit is an educational technology company focused on enhancing transparency in higher education costs and value. The platform offers personalized data concerning scholarships, financial aid, employment outcomes, and student debt. By providing this comprehensive information, Edmit helps college-bound students and their families assess the overall costs and affordability of various colleges, enabling them to make informed decisions regarding their educational investments.

Finerio is a personal finance platform based in Mexico that offers an automated and free service to help users manage their finances effectively. The platform allows individuals to link their debit and credit accounts from major Mexican banks, enabling them to monitor and track their expenses, view financial information, and analyze their consumption patterns. Finerio's features include custom budgeting tools and data analysis capabilities, which aim to enhance users' financial planning and savings. By leveraging open finance principles, Finerio empowers users to take control of their financial well-being through insightful data-driven insights.

Frank is a personal online career coach that helps disadvantaged students navigate the job search one step at a time. For disadvantaged undergrads trying to secure an internship and job, Frank is an instant messenger coach offering personalized, step-by-step guidance on how to navigate the job search. Unlike career offices or coaches that are not available on-demand or forums that are incomplete and confusing, Frank offers personalized, no-judgment support in real-time, anytime.

Finnest is a mobile app and secured debit card account for kids and teens that teaches the value of money by providing tools and activities for saving, spending and investing their money. Finnest innovates the way kids grow up with money and offers a whole new approach to​ teaching personal finance. Our carefully designed platform enables easier transfers between parents and their children and encourages them to save and grow their money while only spending responsibly.

Kayum is an insurance comparison platform focused on simplifying personal insurance for consumers in Latin America, beginning with Mexico. The Mexican insurance market is often complicated and expensive, with a significant portion of premiums allocated to sales and administrative expenses. To address this issue and meet the high demand for insurance information—evidenced by millions of online searches—Kayum provides a user-friendly platform that allows individuals to compare various insurance policies. The platform emphasizes important factors such as deductibles, co-insurance, hospital options, and coverage amounts, offering personalized, AI-generated recommendations to help consumers make informed choices. By enhancing transparency and accessibility, Kayum aims to facilitate a smoother insurance purchasing experience while making coverage more affordable for its users.

Tornado is an investing app that advances financial wellness through community, insights & data for investors at all stages. Tornado promotes financial wellness and empowerment through a highly personalized investing experience and a social network of trusted sources. Tornado's technology leverages machine learning to meet users on their investing journey, whether they're investing for the first time or are veterans with decades of experience. The platform allows users to buy and sell stocks and ETFs, while utilizing world class analytical tools, risk assessment metrics, performance benchmarks and a portfolio optimization tool powered by independent, Nobel Prize-winning research.

Finerio is a personal finance platform based in Mexico that offers an automated and free service to help users manage their finances effectively. The platform allows individuals to link their debit and credit accounts from major Mexican banks, enabling them to monitor and track their expenses, view financial information, and analyze their consumption patterns. Finerio's features include custom budgeting tools and data analysis capabilities, which aim to enhance users' financial planning and savings. By leveraging open finance principles, Finerio empowers users to take control of their financial well-being through insightful data-driven insights.

Protagoras is a digital solution for financial advisors. It offers unique risk profiling and country-specific tax functionality, addressing each investor’s specific situation and preferences. Their interactive, data-driven, algorithmic approach radically improves the understanding of client investment preferences and automates compliance with upcoming regulations. Protagoras solves massive risk, tax, and compliance issues for financial advisors by providing the most precise investor profiling platform.

LearnLux is a digital, independent financial, and benefits education platform. It provides unbiased, customized financial education to better the way people make financial decisions. For partners, LearnLux empowers employers to offer financial wellness as a benefit.

LearnLux is a digital, independent financial, and benefits education platform. It provides unbiased, customized financial education to better the way people make financial decisions. For partners, LearnLux empowers employers to offer financial wellness as a benefit.