MONTREAL, Aug. 19, 2019 /CNW Telbec/ - The Holt Fintech Accelerator today announces the launch of its 2019 cohort, the second in its history.
Building on the success of the class of 2018, Canada's only business accelerator devoted exclusively to Fintech welcomes 8 new companies from 5 different countries. This brings Holt closer to its goals of supporting innovation in the global financial services sector, and continuing to help make Montreal, Quebec and Canada a top destination for Fintech talent and innovation.
"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 & Managing Partner of the Holt Accelerator. Jan Christopher Arp, fellow Managing Partner & co-Founder added "It's about investing in Canadian founders, as well as international entrepreneurs who can move and potentially incorporate in Canada. This creates direct benefits for Canadian consumers, financial institutions and service providers, while also enabling Canada to be more competitive globally."
The 2019 cohort is made up of the following companies:
- Conatix – a cybersecurity firm preventing fraud and data theft from the inside. Conatix helps banks detect suspicious employee activity, improper behavior, policy violations and other threats on IT networks with thousands of employees, in real time.
- ConfirmU - helping individuals with little or no credit history gain access to financial products by combining financial data and psycholinguistics into an alternative credit scoring system.
- HodlBot - a Canadian based customizable cryptocurrency trading bot that enables users to index the market, create and automatically rebalance their cryptocurrency portfolios.
- LexAlign - demand for remote deposit capture is skyrocketing. Under current regulation, FI's must train commercial customers to mitigate the risks of this service, which is not scalable. LexAlign offers an automated solution that acts as a risk rating agency for security and compliance around RDC.
- Maat.ai - modernizing finance by creating new and compliant digital document management solutions. Their digital ID and wallet make secure interactions easy. This Mexican Fintech is enabling people and organizations to exchange digital documents safely, easily and efficiently, improving the experience for all parties.
- Manzil - many of the world's 1 billion Muslims cannot pay or receive interest on financial transactions, hindering their ability to purchase a home. Manzil offers them a murabaha mortgage, balancing modern business practices and religious obligations.
- MarketsFlow - tackling the performance gap in do-it-yourself digital wealth management, MarketsFlow offers a portfolio optimization platform delivering high returns for online investors. This British firm consistently outperforms other robo-advisors available today.
- WealthBlock.AI - US based WealthBlock.AI invites investors to view financial documents via a secure link and tracks the interaction between these investors and the entrepreneurs, to gauge interest and streamline follow ups.
These companies were selected from close to 600 applications emanating from over 70 countries. Selections were made following July's Selection Days. The 2019 cohort begins Aug 19, 2019.
The Holt-Dunn family is the direct legacy of Sir Herbert Holt, and one of Montreal's finest. Business people at heart, members of the family founded or owned over 300 companies locally and internationally. Sir Herbert Holt was inducted into the Canadian Business Hall of Fame in 1979 and is, to this date, the longest-serving chairman and president of RBC (from 1908 to 1934). Sir Holt's participation was crucial in turning RBC into the country's largest bank and thus, the third largest in North America at the time.
SOURCE Holt Fintech Accelerator
For further information: Steven La Barbera, 438-994-6444, [email protected]