MassChallenge Announces 2024 FinTech Cohort

MassChallenge Announces 2024 FinTech Cohort

MassChallenge Announces 2024 FinTech Cohort

Author

Author

Author

MassChallenge

MassChallenge

MassChallenge

Date Published

Date Published

Date Published

Feb 13, 2024

Feb 13, 2024

Feb 13, 2024

MassChallenge, the global network for innovators, is thrilled to announce the 13 startups invited to participate in the 2024 FinTech cohort. (Link)


MassChallenge FinTech

MassChallenge FinTech accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation in financial services. From February to June, participating fintech startups will work 1:1 with one or more corporate partners to tackle industry-specific challenges. These challenges focus on managing data for a better customer experience, leveraging AI to enable effective and fast decision making, identifying tools and platforms that provide accessibility to financial planning & education, and much more! With almost two-thirds of the cohort being first time founders, the MassChallenge team is excited to onboard these entrepreneurs into the MassChallenge ecosystem. The 2024 FinTech Program will conclude on June 13 with an in-person showcase and finale.

“Collaboration between startups and large enterprises is critical for the future of fintech. We’re glad to continue our work with MassMutual, Citizens, and KPMG, who are true innovators in the field and fantastic partners for entrepreneurs,” said Robby Bitting, Chief of Staff at MassChallenge. “We have an outstanding group of startups this year – we look forward to helping them grow.”

These intentional challenge-driven partnerships produce meaningful results including pilots, proofs of concept or long-term engagements, and supports fintech startups in achieving sustainable growth while enterprises sustain their position at the forefront of innovation. MassChallenge connects the dots between corporate innovation expertise, startup curriculum and access to a diverse global network of experts, mentors and investors.

After three rigorous rounds of judging 150 fintech applications, and a 2-day in-person live pitch event, three FinTech Challenge partners extended 13 offers to 13 startups for potential partnership opportunities. “Once again this year, we are impressed with the new cohort of startups and are excited to engage with the nine that we selected,” said Mohammed Dastigir, Head of FinTech and HealthTech Partnerships at MassMutual. “Entering our sixth year of the MassChallenge FinTech program, we are energized by the successes of the last five cohort partnerships, with more than 45 startup matches who have helped us foster innovation throughout MassMutual.”

Startup and Challenge partner collaboration is unique depending on area of need, expertise and strategic priority but are all centered around startup success. MassChallenge FinTech is a key player in the fintech ecosystem, serving as a connector and champion for startups from around the world. Since its founding in 2018, 131 startups have participated in MassChallenge FinTech.

Meet the MassChallenge FinTech Partners

  • Challenge Partners: MassMutual, Citizens, KPMG

  • Community Partners: Columbia Threadneedle, DCU, FinTech Sandbox, MassFintech Hub, Thoropass, Brandeis International Business School, City of Boston, Capchase


About MassChallenge

MassChallenge is the global network for innovators. Headquartered in the United States with eight locations worldwide, it is the non-profit’s mission to help bold entrepreneurs disrupt the status quo and create sustainable change. Since launching in 2009, MassChallenge has run programs in 24 countries, supported more than 4,000 startups from around the world, and awarded over $18M in equity-free cash and prizes. Learn more about MassChallenge at masschallenge.org.