Money makes the world go round, and these startups are here to help with the spin. On Tuesday, Boston co-working company Workbar announced the seven startups participating in the second class of its fintech incubator partnership, the Digital Federal Credit Union (DCU) Center of Excellence in Financial Services.
“It’s a little bit like an internal incubator within the company,” said Devin Cole, director of business development at Workbar. Workbar’s Centers of Excellence are collaborations with leading local companies to host and support startups within their field. Along with a partnership with Massachusetts-based credit union DCU, Workbar is partners with the Institute for Healthcare Improvement on startups in health innovation, and Mullen Lowe, for advertising technology.
After last year’s testing phase with four companies, Workbar and DCU expanded to include seven startups at their center of excellence space at 695 Atlantic Ave. The companies will receive six months of free workspace, plus networking opportunities, mentorship, customer access, and technical support from DCU.
Last year’s companies in the space were Elsen, Stock Rover, Blueleaf, and Trotter (formerly Socrex). Elsen, an investment platform, went on to become fully funded and move into their own office space.
Here is the list of startups included in this year’s DCU Center of Excellence in Financial Services:
– AlphaPack helps investors create personalized and customized investment portfolios with their data-driven algorithm.
– Arbitrage Ed is a financial education platform that helps individuals learn about the ins and outs of personal finance and investing.
– Bullseye is a mobile app that allows users to evaluate investment opportunities through their group-chat function, so you can listen to people you know and trust about how to spend your money.
– Collective Capital is a real estate investment firm that raises capital for pre-vetted real estate deals through Internet crowdfunding.
– CurrencyDoc issues multi-currency prepaid cards, along with a mobile app, that are usable at ATMs and merchants worldwide.
– Katapal is using store credits as a financial instrument, helping small business raise capital and investors.
– QuantUniversity helps their clients build better quantitative business models in the financial industry.