SixThirty, a global financial technology seed fund and business development program, announced on Tuesday the first set of investments out of their second fund, SixThirty 2.0.
The portfolio of fintech companies leverage AI, mobile wallet technology, computational genomics, and predictive analytics to address opportunities across payments, asset management, commercial banking, life insurance, customer loyalty, and health and wealth management.
The companies build on SixThirty’s investment thesis of investing in B2B solutions that have global relevance and bring the power of data & design to drive client adoption and enable integration.
The recent investments include:
Atidot | Tel Aviv, Israel | www.atidot.com
CEO: Dror Katzav
Atidot is empowering the life insurance industry with big data and predictive analytics. Atidot’s cloud-based platform enables them to take control of their existing data, and provides insurance and annuity specific insights to improve client retention, sales, in-force management, and profitability.
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ForwardLane | New York, NY | www.forwardlane.com
CEO: Nathan Stevenson
ForwardLane provides an AI insights platform for wealth managers, asset managers, and commercial banks to augment human capabilities and power superior client experiences with personalized insights. The API platform prioritizes which clients to engage with, provides the personalized stories to connect with clients, and augments intelligence with expert conversation capabilities.
Genivity | Chicago, IL | www.genivity.com
CEO: Heather Holmes
Genivity is an award-winning AI software platform that helps financial professionals plan for longevity, health risks, and elder care costs, so their clients don’t run out of money in retirement.
Popwallet | St. Louis, MO / New York, NY | popwallet.com
CEO: Elias Guerra
Popwallet is a marketing automation platform, providing brands a new way to communicate with their audiences by capitalizing on the reach, engagement, and measurement we can provide through mobile wallets like Apple Wallet and Google Pay.
Over the course of the last three months, the portfolio companies traveled to St. Louis to participate in SixThirty’s Spring 2018 Business Development Program, building relationships with leaders from SixThirty’s network and refining their go-to-market strategy.
When asked about the new investments and the mix of entrepreneurs at a recent event, SixThirty’s Managing Partner, Atul Kamra commented on SixThirty’s wide range of diverse investments.
“SixThirty continues to over-index the venture industry in terms of the diversity of the founders/CEOs of our portfolio companies,” said Kamra. “Forty-five percent are women or minority founded. Half of our pipeline and a quarter of our portfolio are non-US. They also have the mindset and maturity to work collaboratively with leading incumbents. The recent additions to our portfolio sustain that trend.“
SixThirty’s portfolio companies are chosen in close collaboration with their corporate partners including Reinsurance Group of America (RGA), World Wide Technology, Bank of New York Mellon’s Pershing, Enterprise Bank & Trust, Edward Jones, Ernst & Young, State Farm, UMB, and Detalus.
“The breadth of our pipeline across the payments, wealth and asset management, insurance, capital markets and banking sub-sectors exposes our investment committee and corporate partners to technology solutions across traditional industry lines and positions them to select companies and founders most likely to win in a converging marketplace,” said Kamra.
With a progressively growing base of advisors and corporate partners, SixThirty now looks ahead to the fall to accelerate the revenue and relationships for the start-ups that will constitute SixThirty’s Fall 2018 portfolio.
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The window for the Fall 2018 portfolio is currently open. To learn more, visit www.sixthirty.co/apply.
