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 focused on supporting financial caregivers—primarily adult children managing the financial responsibilities of their aging parents. Recognizing that approximately 45 million individuals serve in this role, Carefull offers digital services designed to simplify the complexities of financial caregiving. The platform connects caregivers with families and financial advisors, facilitating collaboration and informed decision-making regarding financial well-being. By providing tools that streamline tasks such as bill payments and future planning, Carefull aims to enhance the overall experience for caregivers and their families, ensuring they can better navigate the challenges of managing elder finances while balancing their own financial lives.

Quber Technologies Inc., established in 2016 and based in Moncton, Canada, specializes in developing a mobile-based personal finance management application. This software helps users monitor and understand their spending habits, set savings goals, and receive rewards in the form of vouchers for nearby partners when they save money. It employs smart algorithms to track savings, recommend budget goals, and create personalized expenditure plans based on individual income and spending behavior.

Otomo is a provider of self-driving finance as-a-service, aimed at retail financial institutions, fintech companies, and brands. The company leverages artificial intelligence to deliver an embeddable platform that offers consumers access to autonomous finance tools designed to simplify daily financial management. By curating personalized discounts and rewards, Otomo enhances consumer engagement and fosters financial wellness. Its innovative approach removes the need for forethought and guesswork in financial decisions, contributing to improved user experiences and retention for its clients.

Xiggit is a fintech startup based in Palo Alto, California, founded in 2019, that specializes in providing innovative employee benefits solutions for small and medium-sized enterprises (SMEs). The company offers a unique platform that simplifies the administration of employee benefits, allowing employers to set budgets while providing a diverse range of high-value financial benefits for all types of workers, including full-time, part-time, contract, and gig workers. This approach enables SMEs to offer competitive benefits similar to those typically available at larger companies, thereby enhancing the financial wellbeing of their employees. Xiggit's platform also facilitates direct engagement, allowing employees to select benefits tailored to their individual circumstances, which can be easily managed alongside the employer's payroll system. By reimagining traditional benefits structures, Xiggit aims to improve access to essential financial resources for workers and support SMEs in attracting and retaining talent.

Alfi is a platform focused on enhancing financial literacy and connecting users with financial services and products through financial intermediaries. Launched in 2019, the company targets diverse stakeholders, including governments, citizens, and financial institutions, to create both public and private value. Alfi employs gamification and machine learning in its application, which utilizes artificial intelligence to categorize users based on their financial profiles, preferences, and behaviors. This approach encourages users to engage in competitive learning experiences, thereby improving their financial decision-making skills. By 2023, Alfi aims to establish itself as a key partner in promoting financial education and inclusion across the Americas, Africa, and Asia, having already reached 150,000 registered users.

Otomo is a provider of self-driving finance as-a-service, aimed at retail financial institutions, fintech companies, and brands. The company leverages artificial intelligence to deliver an embeddable platform that offers consumers access to autonomous finance tools designed to simplify daily financial management. By curating personalized discounts and rewards, Otomo enhances consumer engagement and fosters financial wellness. Its innovative approach removes the need for forethought and guesswork in financial decisions, contributing to improved user experiences and retention for its clients.

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 fintech company that provides a comprehensive digital platform designed to educate families about personal finance and help children develop healthy savings habits. The platform offers goal-based savings tools, including automatic savings features like round-ups and scheduled deposits, along with spending trackers to monitor budgets. It also incorporates engaging educational content such as financial quizzes and videos tailored for kids. Additionally, Goalsetter Classroom serves as an in-school learning management system for K-12 students, offering a teacher-led curriculum focused on financial literacy.

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 is a web application that provides an online financial advisory platform aimed at enhancing users' investment strategies and financial health. The platform allows individuals to create investment profiles and simulate long-term investments using fictitious money, thereby addressing the psychological factors that influence real-world investing. In addition to portfolio simulations, OpSeeker offers a variety of educational resources, including videos, podcasts, infographics, and news, which collectively help users gain insights into investment practices and improve their overall financial literacy.

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 Holdings Ltd., established in 2016 and headquartered in London, operates an AI-powered digital savings and retirement platform. It partners with employers to enhance employee financial wellbeing by offering a platform that boosts benefits awareness, facilitates employer-staff communication, and empowers employees to manage their finances. Abaka's platform provides personalized financial guidance and nudges, helping employees build financial knowledge and make informed decisions. It also collaborates with financial institutions to deliver scalable, affordable advice on pensions, savings, and investments to retail customers, using conversational AI, behavioral nudges, and data insights. Abaka's technologies are licensed by tier-one international banks, pension providers, and asset managers, benefiting over 9 million users across multiple countries.

Till Financial, Inc. is a financial management company based in Nantucket, Massachusetts, incorporated in 2018. It offers a collaborative digital platform specifically designed for families, enabling children to learn about spending, saving, and investing in a practical manner. The platform facilitates independent tracking of money movements, providing detailed insights and personalized guidance that encourages children to develop healthy financial habits. By replacing uncomfortable conversations about money with actionable learning experiences, Till Financial aims to empower families and their communities. Importantly, the platform is accessible to all families, as it does not impose a monthly subscription fee, making financial education inclusive and engaging for users.

Zogo Finance, established in 2018 and headquartered in Newark, Delaware, specializes in developing a mobile application that promotes financial literacy among children and teenagers. The platform breaks down complex financial concepts into over 300 bite-sized modules, starting with basic topics like budgeting and progressively covering more advanced subjects. Users learn five concepts per module before taking a five-question quiz, earning points (pineapples) for each successful completion. These points can be redeemed for rewards such as gift cards. Zogo collaborates with financial institutions to co-brand the app, using it as a tool to engage, attract, and educate Generation Z. The company has received backing from Techstars and MetLife, and has been recognized with awards such as the 2019 NACUSO Next Big Idea Competition and "Best of Show" at FinovateFall 2019. Zogo is developed by a team of Generation Z members, ensuring the app is tailored to the needs and preferences of its target audience.

Abaka Holdings Ltd., established in 2016 and headquartered in London, operates an AI-powered digital savings and retirement platform. It partners with employers to enhance employee financial wellbeing by offering a platform that boosts benefits awareness, facilitates employer-staff communication, and empowers employees to manage their finances. Abaka's platform provides personalized financial guidance and nudges, helping employees build financial knowledge and make informed decisions. It also collaborates with financial institutions to deliver scalable, affordable advice on pensions, savings, and investments to retail customers, using conversational AI, behavioral nudges, and data insights. Abaka's technologies are licensed by tier-one international banks, pension providers, and asset managers, benefiting over 9 million users across multiple countries.

Zogo Finance, established in 2018 and headquartered in Newark, Delaware, specializes in developing a mobile application that promotes financial literacy among children and teenagers. The platform breaks down complex financial concepts into over 300 bite-sized modules, starting with basic topics like budgeting and progressively covering more advanced subjects. Users learn five concepts per module before taking a five-question quiz, earning points (pineapples) for each successful completion. These points can be redeemed for rewards such as gift cards. Zogo collaborates with financial institutions to co-brand the app, using it as a tool to engage, attract, and educate Generation Z. The company has received backing from Techstars and MetLife, and has been recognized with awards such as the 2019 NACUSO Next Big Idea Competition and "Best of Show" at FinovateFall 2019. Zogo is developed by a team of Generation Z members, ensuring the app is tailored to the needs and preferences of its target audience.

Till Financial, Inc. is a financial management company based in Nantucket, Massachusetts, incorporated in 2018. It offers a collaborative digital platform specifically designed for families, enabling children to learn about spending, saving, and investing in a practical manner. The platform facilitates independent tracking of money movements, providing detailed insights and personalized guidance that encourages children to develop healthy financial habits. By replacing uncomfortable conversations about money with actionable learning experiences, Till Financial aims to empower families and their communities. Importantly, the platform is accessible to all families, as it does not impose a monthly subscription fee, making financial education inclusive and engaging for users.

Guide Change is a financial management platform focused on enhancing financial care for older adults and at-risk individuals. The company utilizes data and insights to create personalized financial reports that assist fiduciaries in making informed spending decisions for those they support. Its platform offers features such as secure linking of online bank accounts, spending insights, and personalized budgeting tips, all aimed at safeguarding financial resources while promoting independence. By generating easily shareable reports, Guide Change helps customers navigate common financial pitfalls, including exploitation and poor budgeting, ensuring that funds are managed in the best interest of the account owner.

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 is a web application that provides an online financial advisory platform aimed at enhancing users' investment strategies and financial health. The platform allows individuals to create investment profiles and simulate long-term investments using fictitious money, thereby addressing the psychological factors that influence real-world investing. In addition to portfolio simulations, OpSeeker offers a variety of educational resources, including videos, podcasts, infographics, and news, which collectively help users gain insights into investment practices and improve their overall financial literacy.

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 personal finance platform based in Mexico that offers automated services to help users manage their finances effectively. The platform allows individuals to link their debit and credit accounts from major banks in Mexico, providing insights into financial planning and savings. Finerio's features include monitoring and tracking expenses, viewing comprehensive financial information, and analyzing consumption patterns, enabling users to gain better control over their spending. Additionally, the company provides tools that facilitate data analysis and financial management, with a focus on helping users create custom budgets and improve their overall financial health.

Akiba is a financial technology company that offers an innovative platform designed to enhance employee savings and investment opportunities. The platform enables businesses to manage their employee funds transparently and digitally, facilitating the provision of credits and payroll advances efficiently. Additionally, Akiba provides users with the ability to shop online while earning cash back, allowing them to save money effectively during their purchases. By combining these features, Akiba aims to simplify financial management for both employers and employees, fostering a more supportive financial environment.

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 personal finance platform based in Mexico that offers automated services to help users manage their finances effectively. The platform allows individuals to link their debit and credit accounts from major banks in Mexico, providing insights into financial planning and savings. Finerio's features include monitoring and tracking expenses, viewing comprehensive financial information, and analyzing consumption patterns, enabling users to gain better control over their spending. Additionally, the company provides tools that facilitate data analysis and financial management, with a focus on helping users create custom budgets and improve their overall financial health.

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.