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.

Sunny Day Fund specializes in providing banking and emergency savings services, primarily through its employer-focused platform. This platform automates and incentivizes workplace emergency savings, helping employees build accessible savings through their employers, with optional cash incentives. Additionally, the company offers a financial well-being diagnostic tool. Interested parties can inquire about these services through an online form on their website.

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 Technologies Inc., established in 2016 and based in Moncton, Canada, specializes in developing a mobile-based application for personal finance management. The platform tracks and analyzes users' spending habits, providing insights and helping them set and achieve savings goals. It also incentivizes savings by offering vouchers from nearby partners.

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.

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 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 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.

CauseEdu is a financial planning platform designed to assist students and their families in selecting suitable colleges and graduate schools while formulating effective strategies for funding their education. The platform connects donors with responsible students who require assistance with tuition and fees through a crowdfunding donation system. Additionally, CauseEdu provides workshops, scholarship tracking, and budgeting tools, helping users gain a clearer understanding of the actual costs associated with higher education. By offering these resources, CauseEdu aims to empower students and their families to navigate the financial complexities of college education successfully.

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.

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.

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.

Zogo, established in 2018 and headquartered in Newark, Delaware, is a mobile application that promotes financial literacy among children and teenagers. It offers over 300 interactive, bite-sized modules covering various personal finance topics, starting from basic concepts like budgeting and progressively advancing to more complex ideas. Users engage with these modules, learn five key concepts, and then take a five-question quiz to earn points, represented as 'pineapples'. These points can be redeemed for rewards such as gift cards. Zogo partners with financial institutions to co-brand the app, enabling them to engage, attract, and learn about Generation Z. The company has received backing from Techstars and MetLife, and has been recognized for its innovation in the financial industry, winning the 2019 NACUSO Next Big Idea Competition and the "Best of Show" at FinovateFall 2019. Zogo is developed by a team of Generation Z individuals, with a focus on creating a platform tailored to their peers.

Abaka Holdings Ltd., established in 2016 and headquartered in London, operates an AI-powered digital savings and retirement platform. It partners with financial institutions to provide scalable, affordable advice on pensions, savings, and investments to retail customers. Abaka's platform offers conversational AI, personalized behavioral nudges, data aggregation, and financial planning tools, benefiting over 9 million users worldwide through its enterprise clients, which include tier-one banks, pension providers, and asset managers across multiple countries.

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.

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.

Zogo, established in 2018 and headquartered in Newark, Delaware, is a mobile application that promotes financial literacy among children and teenagers. It offers over 300 interactive, bite-sized modules covering various personal finance topics, starting from basic concepts like budgeting and progressively advancing to more complex ideas. Users engage with these modules, learn five key concepts, and then take a five-question quiz to earn points, represented as 'pineapples'. These points can be redeemed for rewards such as gift cards. Zogo partners with financial institutions to co-brand the app, enabling them to engage, attract, and learn about Generation Z. The company has received backing from Techstars and MetLife, and has been recognized for its innovation in the financial industry, winning the 2019 NACUSO Next Big Idea Competition and the "Best of Show" at FinovateFall 2019. Zogo is developed by a team of Generation Z individuals, with a focus on creating a platform tailored to their peers.

Abaka Holdings Ltd., established in 2016 and headquartered in London, operates an AI-powered digital savings and retirement platform. It partners with financial institutions to provide scalable, affordable advice on pensions, savings, and investments to retail customers. Abaka's platform offers conversational AI, personalized behavioral nudges, data aggregation, and financial planning tools, benefiting over 9 million users worldwide through its enterprise clients, which include tier-one banks, pension providers, and asset managers across multiple countries.

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.

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.

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.

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.

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.

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 coaching platform that assists disadvantaged students in navigating the job search process. It provides real-time, personalized guidance to undergraduates seeking internships and employment, differentiating itself from traditional career offices and forums by offering on-demand support without judgment. In addition to helping students, Frank has developed a career development application aimed at employees and managers. This application provides tailored coaching on various aspects of career growth, including work tips, leadership skill enhancement, and answers to job-related inquiries, thereby enabling individuals and organizations to improve their professional lives and alleviate workplace anxieties.

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.

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 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 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 Inc. operates a digital platform focused on providing independent financial and benefits education, particularly aimed at millennials. Founded in 2014 and based in Boston, Massachusetts, the platform offers unbiased and customized financial education, guiding users through personal financial decisions while helping them understand their financial needs and options. Users can earn credits towards new accounts and connect with financial institutions through the platform. Additionally, LearnLux empowers employers to provide financial wellness as a benefit, integrating digital lessons, interactive tools, and resources with on-demand access to financial advisors, thereby promoting independent and holistic financial well-being among employees.

LearnLux Inc. operates a digital platform focused on providing independent financial and benefits education, particularly aimed at millennials. Founded in 2014 and based in Boston, Massachusetts, the platform offers unbiased and customized financial education, guiding users through personal financial decisions while helping them understand their financial needs and options. Users can earn credits towards new accounts and connect with financial institutions through the platform. Additionally, LearnLux empowers employers to provide financial wellness as a benefit, integrating digital lessons, interactive tools, and resources with on-demand access to financial advisors, thereby promoting independent and holistic financial well-being among employees.