LAS VEGAS–During the Money 20/20 conference here, the inaugural class of the Money20/20 Startup Network was announced.
“Money20/20 has always supported startups at the heart of the fintech community, but this is the first time Money20/20 has officially chosen a group of companies it believes will revolutionize the world of money,” the organization said. “They may not be the most famous or most obvious. But Money20/20 believes that they’re ready to create new categories and fundamentally impact the wider world of fintech.”
According to Money 20/20, each member of the inaugural class has been evaluated across a number of key criteria, including:
- Utility. “They demonstrate an intuitive understanding of a problem not being solved.”
- Founder Market Fit. “They are (or they have on staff) the top expert in their chosen field and have demonstrated an ability to execute”
- Creative Destruction / Disruptive. “They’re actively creating new categories or new category entry points.”
- Counterintuitive. “And most importantly, they’re doing something counterintuitive - something outside the norm - and breaking boundaries as they do,” Money 20/20 said.
The Inaugural Members
The seven inaugural member of the Money20/20 Startup Network are:
- Kamino – included for reimagining banking and corporate credit cards for small and mid-sized businesses. Growing companies face difficulties in financial organization, resulting in decentralized and disorganized information. Kamino automates and centralizes payments without complications.
- TodayPay – included for revolutionizing the way customers can receive refunds on their purchases. The company’s CEO, Jeremy Balkin, recently unveiled their coming out of stealth following two years of preparation.
- Themis – included for improving compliance and risk management tools for banks and fintechs.
- Skipify – included for its game changing Digital Wallet connects merchants, shoppers and financial institutions in a previously unimaginable manner.
- Ansa – included for its payments platform that lowers payments costs while increasing transaction value for business. Their “wallet-as-a-service platform” embeds consumer balances that allows merchants to process small payments and offset high credit card fees on small transactions.
- TripleBlind – included for offering an unrivaled level of data privacy and security without hindering the ability to employ cutting edge AI strategies. Their technology instills clients with a level of confidence in their data security to better train and deploy AI models.
- Hypercard – included for launching the first ever consumer credit card powered by employers. This revolutionary new card is transforming company financing by offering instant expense management, access to benefits and high perk adoption.
Just Because It’s Autumn Doesn’t Mean Falling for Schemes to Overcharge You for CU Industry News. Instead, Try This Crisp Offer
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?