MassChallenge FinTech Announces 2020 Cohort of Top FinTech Startups

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InterGen Data was recently mentioned on MassChallenge as part of their announcment for the 2020 MassChallenge FinTech Startups Cohort. The original article can be found

December 18, 2019 (BOSTON) - MassChallenge, a global network of zero-equity startup accelerators, today announced the 34 startups that will join the 2020 MassChallenge FinTech program.

“This year’s finalists speak to the exciting future of fintech,” said Devon Sherman, Managing Director of MassChallenge FinTech. “From ESG analytic plays to a-la-carte data marketplaces, the MCFT20 cohort represents a revolutionary approach to financial services, and we’re blown away by the vision of these entrepreneurs.”

MassChallenge FinTech accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation. From January to June, startups will work 1:1 with one or more partners to tackle specific challenges facing the financial services industry, from intelligent payment processing to personalized financial planning. MassChallenge's model facilitates these partnerships to produce meaningful results while helping fintech startups scale.

The program is supported by a public-private partnership that includes founding partners Massachusetts Mutual Life Insurance Company (MassMutual), Putnam Investments, Fidelity Investments, Citizens Bank, John Hancock, and the Massachusetts Competitive Partnership (MACP), challenge partners Eastern Bank, AARP, Columbia Threadneedle Investments, Walmart, Boston Private, City of Boston, gold partners Radius Bank, Commonwealth, Goodwin Procter, SEI Ventures, and innovation support partners FinTech Sandbox, Brandeis International Business School, and the Financial Revolutionist.

MassChallenge FinTech is excited to welcome its latest Gold partners, Goodwin Procter and SEI Ventures, to provide additional support and resources to the 2020 cohort. Goodwin is a leading law firm based in Boston, Massachusetts. SEI Ventures is SEI’s corporate venture capital program, a global provider of investment processing, investment management, and investment operations solutions.

“Goodwin is delighted to partner with MassChallenge FinTech, a program that has been transformational for clients and lends enormous support to startups fueling the FinTech revolution,” said Jared Fine, Partner in the firm's Business Law Department and a member of its Technology Companies group. “The convergence of financial services and technology is real and we sit at the center of that trend representing some of the most innovative companies in alternative lending and banking, digital currencies, payments, insurance and other spaces. We’re thrilled to offer our market-leading team and expertise to participants in the program and excited about the opportunity MCFT presents for Boston and the broader FinTech ecosystem.”

"We are excited to partner with MassChallenge FinTech, as their collaborative and community mindset uniquely combines engagement with highly innovative Fintech startups – all supported by a powerful ecosystem of partners,” said Russ Kliman, Global Leader of SEI Ventures. “We look forward to building strategic relationships within the MassChallenge community with creative founders who are looking to disrupt the industry.”

In MassChallenge FinTech’s 2019 inaugural program, 70% of cohort launched a pilot or POC with a partner in under one year. "Our inaugural year achieved promising results in driving intentional partnerships between fintech startups and our enterprise partners,” said Sherman. “We’re excited to build on that success in 2020, and we continue to be inspired by our surrounding fintech community in helping MCFT make that happen.”