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.

Carefull is a company dedicated to supporting adult children who manage their aging parents' finances. They offer digital services aimed at simplifying financial caregiving tasks and enhancing family financial decision-making.

Quber Technologies develops a personal finance management platform that helps users monitor and control spending and savings. The application uses smart algorithms to track daily, weekly, or monthly savings, set budget goals, and generate customized expenditure plans based on income and spending behavior. Users can set savings targets and direct the saved money toward meaningful goals, with vouchers offered by partners as rewards. Founded in 2016, the company aims to provide clear spending insights and practical tools to improve financial discipline.

Otomo provides self-driving finance as a service to retail banks, fintechs, and brands, offering an embeddable platform that gives consumers access to AI-curated autonomous finance tools designed to remove forethought and effort from daily financial decisions. The company also runs an AI-powered perks and rewards platform that delivers personalized discounts and rewards to improve personal and financial wellness, helping clients increase engagement, reduce churn, and generate net positive returns.

Founded in 2019, Xiggit is a fintech startup headquartered in Palo Alto, California. It specializes in modernizing employee benefits for small and medium-sized businesses (SMEs), enabling them to offer comprehensive financial benefits despite limited budgets.

Alfi is a platform that connects users with financial services and products from financial intermediaries while improving financial literacy. It serves governments and public agencies, citizens and young people, and financial intermediaries, creating value for all stakeholders through free services and engaging experiences powered by gamification and machine learning. The platform enables users to learn to make informed financial decisions to improve their present and future welfare, with a particular focus on financial health and inclusion across the Americas, Africa and Asia. Since its 2019 launch, Alfi has grown to 150,000 registered users and offers gamified learning, real-world simulations, and personalized financial education journeys that help individuals develop financial skills and understand financial products.

Otomo provides self-driving finance as a service to retail banks, fintechs, and brands, offering an embeddable platform that gives consumers access to AI-curated autonomous finance tools designed to remove forethought and effort from daily financial decisions. The company also runs an AI-powered perks and rewards platform that delivers personalized discounts and rewards to improve personal and financial wellness, helping clients increase engagement, reduce churn, and generate net positive returns.

Organize & preserve all aspects of your online life, including: * Usernames & passwords * Documents * Memories & stories * Critical life details You decide who gets access, and when. Protect your assets and treasured memories, and save you and your family hours of stress and frustration.

BrightUp is a financial wellness platform based in Boston, Massachusetts, founded in 2020. The company aims to democratize financial wealth building and personal well-being by partnering with employers to provide a comprehensive financial wellness benefit for employees. This platform helps individuals grow their net worth and enhance their self-worth. Additionally, BrightUp offers low-cost emergency loans that can be repaid through paycheck deductions, promoting financial health and holistic wealth among employees.

Goalsetter provides a financial education platform for families, combining educational media with practical tools to help children and teens learn money management and build wealth. The platform includes goal-based saving with auto-save and round-ups, parental-controlled debit cards, financial literacy quizzes and engaging videos, and options for automated deposits on a weekly or monthly schedule. It also offers Goalsetter Classroom, an in-classroom learning management system for K-12 schools with a teacher-led curriculum.

Flourish Savings, Inc. is a digital engagement platform based in Albany, California, that focuses on enhancing financial habits through a rewards-based online and mobile savings account. Founded in 2017, the company aims to appeal to individuals who underutilize traditional banking services. Flourish Savings provides financial institutions, such as banks and credit unions, with tools to attract new consumers and encourage meaningful financial actions. Its innovative platform allows users to grow their savings by engaging in activities that unlock prizes, thereby promoting positive financial behaviors. By facilitating new deposits and fostering deeper relationships between consumers and financial institutions, Flourish Savings contributes to increased revenue and customer engagement in the financial services sector.

Qoins Technologies, Inc., established in 2017 and based in Atlanta, Georgia, specializes in developing financial wellness applications. Its core product is an automated platform that helps users reduce their debt by rounding up daily credit card purchases and applying the spare change towards their student loans or credit card balances. This process, which occurs in $5.00+ increments, enables users to pay off their debt more quickly and achieve their financial goals.

SpenDebt is a financial technology company focused on helping individuals manage and repay their debts through an innovative micropayment system. By integrating small, predefined amounts into everyday transactions, SpenDebt automates the repayment process. Each time a customer makes a purchase, a specified amount is added to the transaction, accumulating over time to create a monthly payment toward their debt. This approach not only simplifies the repayment process but also encourages financial discipline, leading to timely payments that gradually reduce account balances and enhance overall financial health. SpenDebt's platform provides an effective solution for consumers seeking to improve their financial situation through manageable and consistent payments.

OpSeeker operates an online platform that uses fictitious money to help individuals improve their investments and financial health. The service simulates long-term investment scenarios, emphasizing the psychological aspects that influence decision making. The platform also functions as a financial education and advisory tool, enabling users to create profiles and start portfolios with virtual funds. It provides a range of educational content, including videos, podcasts, infographics, and news, to enhance financial literacy and encourage informed investing.

Quiena Inversiones is a retail investment platform that enables small and medium savers to access investment products that were previously out of reach. The company leverages technology to simplify the investment process, allowing customers to begin investing with just one click, regardless of their prior knowledge. Quiena's platform automatically manages investments tailored to the individual goals and needs of each customer. It offers a range of products, including options for short-term cash management in local currency and long-term investments in global assets. By calculating optimal portfolios based on clients' risk profiles and objectives, Quiena facilitates balanced investments across various sectors, helping users effectively manage local and international risks while maximizing potential returns.

Quatromoney is a company that specializes in providing a personalized college decision platform aimed at empowering students and their families to evaluate the true return on investment (ROI) of higher education. The platform offers a comprehensive college finance planning solution, allowing users to assess various financial options related to college costs and monthly affordability. By delivering tailored information on college finance choices, Quatromoney enables students to make informed financial decisions that align with their individual budgets and needs. Additionally, the company supports financial institutions and employers in their efforts to assist families in navigating the complexities of college funding.

ABAKA is a London-based provider of an AI-powered savings and retirement platform for financial institutions and employers. Its enterprise software enables employers to improve benefits engagement and financial wellbeing by giving staff access to digital saving, pension and investment guidance, and control over their financial decisions. The platform also offers modular applications for conversational AI, personalized nudges, data dashboards, and retirement planning tools, including cash-flow modeling and Monte Carlo simulations. ABAKA’s technology is licensed by leading banks, pension providers, and asset managers to serve retail customers across multiple countries, reaching millions of people through its clients. The company supports Open Banking data, pension dashboards, and scalable, outcome-driven advice. Founded in 2016, ABAKA has a strategic partnership with Avaloq Group AG.

Till Financial offers a digital financial management platform designed for families. It empowers children aged 13-17 with tools to track spending, save, and invest wisely. Till is accessible without monthly subscription fees, replacing money conversations with practical actions and learning experiences.

Zogo is a mobile education app that teaches financial literacy to Generation Z by delivering bite-sized modules and rewarding progress with points redeemable for rewards. Founded in 2018 and based in Newark, Delaware, the platform offers more than 300 modules covering budgeting to more advanced topics, with quick quizzes after each module. The app is used with financial institutions to engage teen customers and support financial education in schools. Zogo combines gamified learning with practical money concepts to build literacy. It is backed by Techstars and MetLife and has won industry awards.

ABAKA is a London-based provider of an AI-powered savings and retirement platform for financial institutions and employers. Its enterprise software enables employers to improve benefits engagement and financial wellbeing by giving staff access to digital saving, pension and investment guidance, and control over their financial decisions. The platform also offers modular applications for conversational AI, personalized nudges, data dashboards, and retirement planning tools, including cash-flow modeling and Monte Carlo simulations. ABAKA’s technology is licensed by leading banks, pension providers, and asset managers to serve retail customers across multiple countries, reaching millions of people through its clients. The company supports Open Banking data, pension dashboards, and scalable, outcome-driven advice. Founded in 2016, ABAKA has a strategic partnership with Avaloq Group AG.

Zogo is a mobile education app that teaches financial literacy to Generation Z by delivering bite-sized modules and rewarding progress with points redeemable for rewards. Founded in 2018 and based in Newark, Delaware, the platform offers more than 300 modules covering budgeting to more advanced topics, with quick quizzes after each module. The app is used with financial institutions to engage teen customers and support financial education in schools. Zogo combines gamified learning with practical money concepts to build literacy. It is backed by Techstars and MetLife and has won industry awards.

Till Financial offers a digital financial management platform designed for families. It empowers children aged 13-17 with tools to track spending, save, and invest wisely. Till is accessible without monthly subscription fees, replacing money conversations with practical actions and learning experiences.

Guide Change is a platform designed to enhance financial security for vulnerable individuals. It aggregates and analyzes financial data from multiple sources, categorizes spending, identifies potential fraud indicators, generates personalized reports for fiduciaries and trusted contacts, and offers tips to improve financial management.

Moolah U, LLC is a company based in Austin, Texas, that specializes in financial education programs for children and teenagers. Founded in 2007, Moolah U offers a variety of engaging learning experiences, including camps, games, and at-home activities, designed to teach young people about money management and personal responsibility. The company has developed a kid-friendly app that encourages smart financial habits by allowing children to prioritize their savings goals according to their individual interests. Through its innovative approach, Moolah U aims to equip the next generation with essential financial literacy skills.

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.

OpSeeker operates an online platform that uses fictitious money to help individuals improve their investments and financial health. The service simulates long-term investment scenarios, emphasizing the psychological aspects that influence decision making. The platform also functions as a financial education and advisory tool, enabling users to create profiles and start portfolios with virtual funds. It provides a range of educational content, including videos, podcasts, infographics, and news, to enhance financial literacy and encourage informed investing.

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.

Edmit operates an educational technology (ed-tech) platform that aims to enhance transparency in higher education costs and values. The company's platform offers personalized data on scholarships, financial aid, employment outcomes, and student debt, empowering college-bound students and their families to comprehend the holistic costs and affordability of various institutions, thereby facilitating well-informed decision-making.

WalletFi is a subscription management solution tailored for financial institutions and fintech companies. It develops a white-label application that helps users manage their recurring charges effectively. Utilizing machine learning technology, WalletFi's application identifies subscriptions, recurring payments, and Card-on-File merchants. This capability provides users with personalized insights and detailed analytics, allowing financial institutions to enhance customer engagement and wellness. By offering measurable returns on investment, WalletFi empowers its clients to expand their influence within the customer base.

Finnest, Inc. is a Boston-based company founded in 2016 that develops application software aimed at teaching children and teenagers essential financial skills through gamification. The mobile app and secured debit card account provide tools and activities designed to instill good money habits, covering topics such as financial education, personal finance, savings, and responsible spending. By facilitating easier transfers between parents and their children, Finnest encourages young users to save and grow their money while fostering an understanding of money management and investment. The platform represents an innovative approach to financial literacy for the younger generation.

Finerio Connect is a developer of a personal finance platform that helps financial institutions unlock the value of their data. The platform offers open finance, data analysis, and personal finance management APIs, enabling banks and other lenders to tailor services and insights. It specializes in creating custom budgets, monitoring and tracking expenses, viewing financial information, and linking bank accounts, while analyzing consumption patterns. The solution supports planning and controlling consumer spending and increasing savings by transforming disparate financial data into actionable insights.

Akiba is a digital platform that streamlines employee savings funds management, offering transparent tracking, credits, and payroll advance options.

Kayum is an innovative company focused on simplifying personal insurance for consumers in Latin America, beginning with Mexico. The Mexican insurance market is characterized by its complexity and high costs, with a significant portion of premiums allocated to sales and administrative expenses. To address this issue and meet the growing consumer demand—evidenced by millions of online insurance-related searches annually—Kayum provides a comprehensive insurance comparison platform. This platform enables users to evaluate various insurance policies by considering key factors such as deductibles, co-insurance, hospital networks, and coverage limits. By leveraging personalized, AI-generated recommendations, Kayum empowers consumers to make informed decisions, ensuring they secure insurance coverage that is both affordable and suited to their needs, while enhancing the overall transparency of the purchasing process.

Tornado operates a social investment discussion platform aimed at enhancing the skills and profitability of investors. The platform facilitates discussions among users and experts, allowing participants to share and learn investment ideas. By providing tools for portfolio allocation, Tornado enables users to make informed investment decisions tailored to their specific objectives. This approach transforms the investing experience into a more engaging and sophisticated process compared to traditional online brokerages. Tornado's focus on community-driven investment strategies aims to empower investors of all skill levels to improve their profitability and portfolio intelligence.

Finerio Connect is a developer of a personal finance platform that helps financial institutions unlock the value of their data. The platform offers open finance, data analysis, and personal finance management APIs, enabling banks and other lenders to tailor services and insights. It specializes in creating custom budgets, monitoring and tracking expenses, viewing financial information, and linking bank accounts, while analyzing consumption patterns. The solution supports planning and controlling consumer spending and increasing savings by transforming disparate financial data into actionable 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 Inc. is a Boston-based company that specializes in a digital financial and benefits education platform aimed at millennials. Founded in 2014, LearnLux provides unbiased and customized financial education to help users navigate personal financial decisions and understand their financial needs and options. The platform combines digital lessons, interactive tools, and resources, offering users on-demand access to financial advisors. This approach not only empowers individuals to take control of their finances but also allows employers to offer financial wellness as a benefit to their workforce. Through its innovative services, LearnLux connects users with financial institutions while enabling them to earn credit towards new accounts.

LearnLux Inc. is a Boston-based company that specializes in a digital financial and benefits education platform aimed at millennials. Founded in 2014, LearnLux provides unbiased and customized financial education to help users navigate personal financial decisions and understand their financial needs and options. The platform combines digital lessons, interactive tools, and resources, offering users on-demand access to financial advisors. This approach not only empowers individuals to take control of their finances but also allows employers to offer financial wellness as a benefit to their workforce. Through its innovative services, LearnLux connects users with financial institutions while enabling them to earn credit towards new accounts.