Apparently, picking up a “Best in Show” award at the recent DEMOvation competition at Bank Innovation 2015 this week was just iQuantifi’s opening act.
Today, the Nashville, Tennessee-based financial “robo-planner” reported that it will participate in the Plug and Play Fintech Accelerator program this spring.
This positive response to the company’s technology sends a message to the rest of the financial community, according to iQuantifi CEO Tom White, founder: “We will use this opportunity to expand our strategic partnerships with banks, credit unions, and other financial institutions that want to provide comprehensive advice to all their customers,” he said.
More than 850 startups competed for 30 spots in the upcoming accelerator program. The 12 weeks include weekly mentor sessions with the program’s corporate partners, venture capitalists, and entrepreneurs, along with technology feedback workshops and pilot project opportunities. Silicon Valley office space and funding comes courtesy of Plug and Play Ventures. Program partners include Capital One, Citi Ventures, Intuit, JCB, and USAA.
The accelerator culminates with the Plug and Play FinTech and Retail EXPO on May 21. Lending Club founder and CEO Renaud Laplanche will give the keynote address.
iQuantifi co-founders Tom and Karen White demoed their technology at FinovateFall 2014 in New York.
Speaking about iQuantifi, Plug and Play FinTech founder and director Scott Robinson said, “Education is a huge need in the industry and iQuantifi provides a financial advising solution that reaches millennials—the demographic that needs it the most.” iQuantifi’s platform gives individuals and families personalized, comprehensive, automated financial planning on everything from budgeting and short-term goals to saving for a house or a college education for the kids.
Founded in 2011, iQuantifi demoed the “What If” and “Cashfinder” features of its financial planning technology as part of FinovateFall 2014 in New York.