Tenity (prev. Hackquarters)’s Post

🇨🇭 Welcome to the Tenity Zurich Fintech Accelerator, Batch 13! 🚀 Let's dive into some key statistics and insights about this exciting group of new talent.  💸 13 startups selected for investment  🎯 More than 130 applications  🌍 Startups from 7 countries  💬 Focus areas: Payments, PropTech, Entreprise Tech, Big Data solutions, ESG, Trading, and even an Energy Infrastructure solution and more.   And, now the moment we've been waiting for 🥁 Welcome to Tenity! 👋 BILLD® | Italy  BILLD is a green fintech startup, which provides a disruptive digital receipt service collecting Offline Market Big Data through AI.     Settlr | Switzerland  Settlr aims to solve post-trade issues, not just make the process more efficient through a unique combination of deep domain knowledge and cutting-edge technology, including AI.    Depoformance AG | Switzerland  This investment system for rental deposits allows tenants to profitably invest their deposits.     ComplyTaxonomy.EU | Netherlands  Helping financial institutions collect data on their customers required under new sustainability regulations.    Quanted | UK  Quanted's cutting-edge system reduces time spent on data sourcing, testing and validation from 3 weeks to 30 minutes, connecting data to its true predictive value in quant finance.    Verdant Data | Switzerland  VD turn ESG metrics into actionable insights with process mining, AI, and real-time nudges, enabling organizations to achieve net-zero goals with precision, driving significant environmental impact.    naera | Germany  The first AI agent to decrease transaction costs and increase confidence in nature-positive and SDG-linked investments.   UpGrid | Switzerland  UpGrid offers a hassle-free green energy subscription for corporates and individuals, making energy sharing and trading accessible to new market segments by decoupling financial and physical flows.    BondAuction | Netherlands  BondAuction is a platform for the Primary Debt Capital Markets. It delivers efficiency and transparency for Issuers, Investors, and Underwriters.    Efides.io | Switzerland  Efides is developing a business application to help commodity trading companies finance food trades by automating due diligence.      TradrLab | UK  Test trading strategies in minutes without coding. TradrLab is a Trading Intelligence platform that makes generate, building and optimising trading strategies fast and simple.    Automated Data Inc. (ADI) | United States  This company equips people with the right capabilities to confidently connect and integrate their data, identify relationships across disparate datasets and drive actionable insights.    checksum AG | Switzerland  The checksum payment solution consists only of high-quality products that have been tried and tested over many years.   ↗ More here: https://lnkd.in/dSaBKerR Brigitta Gyoerfi, CFA Wiktoria (Victoria) Przybylska Timothy Lachenmeier Andreas Iten Andrea Fritschi

This article explores each of the top 10 industries in detail, https://lnkd.in/euMsyBwc #Startup #Funding #fintech

This article explores each of the top 10 industries in detail, https://lnkd.in/eyh-VwjR #Startup #Funding #fintech

⚡ INSART is now on Substack! Check out its Fintech Scaleup Radar newsletter for growing startup founders: https://lnkd.in/emHegEyU You'll find some interesting tools for growing Fintech startups 💡 #fintech #startup #fintechstartup #financialdata #AI #datadriven

This article explores each of the top 10 industries in detail, https://lnkd.in/esUSjZHj #Startup #Funding #fintech

This article explores each of the top 10 industries in detail, https://lnkd.in/eVv4VNiu #Startup #Funding #fintech

Our latest report explores the dynamic startup ecosystem. @Ashraf Hebela, CFA, head of startup banking and co-head of technology banking at J.P. Morgan , looks at traits of successful founders, emerging sector and regional trends, and the AI and robotics boom in Pennsylvania. Read our report: https://bit.ly/3NDgJY5

Fintech startup Powder secures $5 million in seed funding #Powder, a cutting-edge #fintech company, has successfully closed a $5 million seed funding round. Powder specializes in creating generative AI agents that automate time-consuming tasks for wealth management firms, allowing them to focus more on client service and business growth. This funding round, supported by 40 Silicon Valley insiders including Y Combinator, General Catalyst, FundersClub, and well-known technology executives like Jon Xu and Bryant Chou, positions Powder to scale its technology further amidst the AI boom. Founded by Kanishk Parashar, Powder aims to revolutionize the wealth management industry by offering AI solutions that enhance efficiency and accuracy. The AI agents developed by Powder can parse complex financial and estate documents in seconds, providing advisors with enriched, ready-to-use extracts. This capability not only saves time and money but also allows wealth management firms to optimize their resources and deliver high-quality service to their clients. One of the standout features of Powder’s technology is its generative-AI chat function, which acts like an AI assistant. This feature enables analysts to quickly obtain answers to data questions by consulting financial documents, significantly improving response times and accuracy. Additionally, Powder’s AI agents are secure, complying with regulations from the SEC and FINRA, ensuring that clients’ personal information remains protected and under the control of individual firms. In just six months since its launch, Powder has already attracted a growing list of top wealth management clients, including Catalytic Wealth, EPIQ Capital, and IEQ Capital. Joe Mathews, Wealth Manager at Catalytic Wealth, praised Powder for its ability to drive both front and back-end tasks, optimizing time for more productive activities and enhancing the speed and accuracy of their advice. This seed funding will enable Powder to expand its product line and integrate its AI technology into a broader range of workflows within the wealth management industry. The company’s innovative approach promises to transform how wealth management firms operate, making them more efficient and better equipped to serve their clients. The article on #marketsfinancialcontent in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Daily research from FinTech Global European RegTech investments plummet in Q2 as deal activity declined by 74% YoY In Q2 2024, the European RegTech sector experienced an impactful downturn in both deal activity and funding. Only 18 deals were recorded in Q2 2024, marking a 74% decrease compared to the 69 deals completed in the same quarter of the previous year. Funding also saw a sharp decline, with European RegTech companies raising just $80.8m in funding during the second quarter, an 80% drop from the $394.5m raised in Q2 2023. Compared to Q1 2024, which saw 33 deals and $223.9m in funding, Q2 2024 represents a 45% drop in deal activity and a 64% decrease in funding. The average deal value in Q2 2024 was approximately $4.5m, reflecting a 34% decrease from the $6.8m average in Q1 2024 and a 21% decrease from the $5.7m average in Q2 2023. This trend suggests that not only are fewer deals being made, but the investments are also smaller, likely indicating a heightened level of caution among investors in the European RegTech market due to ongoing economic challenges and market uncertainties. Fortifai, a startup focused on automating and accelerating Environmental, Social, and Governance (ESG) regulatory compliance, announced its arrival with a $537k funding round led by RunwayFBU, Startuplab, and Impact Shakers Ventures. This investment will propel Fortifai's platform development, allowing it to expand its market presence and enhance its ESG compliance solutions globally. Fortifai is not just another ESG reporting tool; it offers a continuous, real-time compliance management system that transforms sustainability into a strategic advantage rather than an annual checklist. Under the leadership of Abbey Lin, a seasoned expert in global sustainability, Fortifai is already collaborating with multinationals like Telenor and piloting solutions with companies such as Aker Solutions and Hydro Rein. The new funding will enable Fortifai to support its existing pilots, onboard new customers, and integrate AI to make its ESG compliance platform even more impactful, positioning it as a game-changer in the RegTech landscape.  

Africa's payments getting a MAJOR upgrade! $8.5M funded startup cuts costs & automates tasks. The future of payments is here! ➡️ #Startup #VC #Africa #Fintech #Innovation