Meet the Sustainability & Inclusion Scholarship Winners for FinovateSpring 2024

Meet the Sustainability & Inclusion Scholarship Winners for FinovateSpring 2024

This year FinovateSpring will feature eight startups that are winners of our Sustainability & Inclusion Scholarship program. The program is designed to showcase underrepresented founders and startups who are creating innovative solutions to combat climate change, promote diversity, and create financial inclusion.

To be eligible for the Finovate Sustainability & Inclusion Scholarship program, fintech and technology companies must have less than $7 million in funding. There are five categories in the program: environmental, social, governance, BIPOC founded/owned, and female-founded/owned.

Here are the Sustainability & Inclusion Scholarship winners for FinovateSpring 2024:

Blee – Scholarship winner in the Governance category. Headquartered in New York and founded in 2022, Blee helps organizations move to market quicker while increasing revenue and minimizing compliance risk. LinkedIn.

Endaoment – Scholarship winner in the Social category. Headquartered in San Francisco, California and founded in 2020, Endaoment empowers nonprofit organizations to accept donations in crypto and stock without having to accept the asset directly. LinkedIn.

Instarails – Scholarship winner in the Female Founded/Owned category. Headquartered in Alpharetta, Georgia and founded in 2022, Instarails enables banks and other organizations to offer instant, inexpensive, and inclusive payments to boost revenue, generate growth, and pave the way for entry into new markets. LinkedIn.

Kobalt Labs – Scholarship winner in the Female Founded/Owned category. Headquartered in New York, NY, and founded in 2023, Kobalt Labs helps fintechs and financial institutions accelerate and strengthen third-party diligence, facilitating revenue-generating partnerships and improving operational efficiency – without increasing headcout. LinkedIn.

LiquidTrust – Scholarship winner in the Female Founded/Owned category. Headquartered in Los Angeles, California, and founded in 2019, LiquidTrust enables banks to offer an improved customer experience to their business customers, grow non-interest bearing deposits, and generate additional revenue. LinkedIn.

Nav.it – Scholarship winner in the Female Founded/Owned category. Headquartered in Seattle, Washington, and founded in 2019, Nav.it integrates with existing HR systems to help organizations grow their businesses by enhancing employee financial wellness. LinkedIn.

Parlay Protocol – Scholarship winner in the Female Founded/Owned category. Headquartered in Alexandria, Virginia, and founded in 2022, Parlay Protocol offers technology that boosts the odds that an applicant will secure access to small business funding while helping banks gain new customers and attract new borrowers. LinkedIn.

Remynt – Scholarship winner in the BIPOC Founded/Owned category. Headquartered in San Francisco, California, and founded in 2022, Remynt helps creditors achieve higher recoveries and recapture defaulted consumers as customers as their financial position improves. LinkedIn.

FinovateSpring (May 21-23) is only a few weeks away! Take advantage of big early-bird savings on your registration when you buy your ticket by May 10.


Photo by Emily Ranquist

FinovateSpring 2024 Sneak Peek Series: Part 3

A look at the companies demoing at FinovateSpring in San Francisco on May 21 and 22. Register today using this link and save 20%.

Deeployalty

Deeployalty digitalizes paper receipts and plastic loyalty cards by integrating bank processing on one side and merchant CRMs on the other.

Features

  • Helps transition from paper receipts to digital receipts
  • Adds seamless loyalty features to banking applications
  • Provides an endless source of data for ML and scoring systems

Who’s it for?

Banks and retailers.

Instarails

Instarails is an intelligent, decentralized payout network that makes cross-border payments instant, inexpensive, and inclusive for all.

Features

  • Provides one connection to the world’s disparate real-time payment systems
  • Uses a decentralized network to eliminate fraud and disputes
  • Delivers one platform for inclusive payments in 50+ fiat currencies

Who’s it for?

Banks, remittance companies, mobile apps, e-commerce marketplaces, payment service providers, and enterprise businesses with offshore employees, gig workers, suppliers, and vendors.

QuickFi

QuickFi is the first and only embedded finance platform in the market for secured commercial equipment lending.

Features

  • Embeds easily into lender or manufacturer’s website
  • Offers 100% digital end-to-end borrower self-service, with 24/7 access
  • Provides automated credit, contract structuring, business verification, and compliance

Who’s it for?

Banks, equipment manufacturers, and equipment distributors.

Sherpas

Sherpas is a generative finance platform for wealth management that optimizes operations, personalizes advice at scale, and puts client engagement on autopilot through their AI model, Nima.

Features

  • Extracts data straight from documents
  • Provides information about products, funds, and client performance
  • Analyzes investments, and diagnoses and secures proposals
  • Creates personalized content

Who’s it for?

Wealth managers, private banks, independent financial advisors, asset managers, RIAs, and financial planners.

Skyflow

Skyflow recently released the Skyflow LLM Data Privacy Vault, which allows financial service organizations to leverage the power of LLMs, such as GPT, while maintaining privacy and security.

Features

  • Utilizes LLM while maintaining privacy and security
  • Isolates, protects, and governs sensitive data
  • Improves customer experience through new technologies while protecting sensitive data

Who’s it for?

Anyone who collects sensitive data such as PII, PCI, and PHI.