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Business Plan Competition
detroitfintechchallenge.com

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Investments

2

About Detroit Fintech Challenge

Detroit Fintech Challenge is a competition for startups and entrepreneurs. Through the Fintech Challenge Pitch Competition, early-stage companies will be given a theme/challenge statement category. Finalists form each "challenge statement category" will be asked to present their concept as a part of the Fintech Challenge Pitch Competition during the Detroit Fintech Challenge weekend.

Detroit Fintech Challenge Headquarter Location

28230 Orchard Lake Road Suite 201

Farmington Hills, Michigan, 48334,

United States

248-813-9665

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Detroit Fintech Challenge News

Minneapolis-based Digital Finance Startup DeFiner.org Wins 2019 Detroit Fintech Challenge

Aug 8, 2019

Via News Release MINNEAPOLIS–(BUSINESS WIRE)–Less than two years after being conceptualized, Minneapolis-based digital lending & borrowing platform  DeFiner.org has beat out 17 other Fintech startups to win one of the industry’s most coveted prizes. DeFiner.org was announced as winner of the 2019 Detroit Fintech Challenge on Sat., Aug. 3. “We are humbled and honored to have received this distinction,” said Jason Wu, Founder and CEO of DeFiner.org, a peer-to-peer lending platform that uses blockchain and smart contract technology to allow safe transactions without a middleman. The company’s prize: $7,500 in cash, $5,000 in legal aid, a fully-paid week-long residency at Silicon Fintech Bay in San Francisco, and options for an equity-based $50,000 investment and a $50,000 software and business development package from Kyyba Group. “These are crucial resources to continue our mission of promoting financial trust, growth, and simplicity,” said Wu. “We are now looking ahead to the Silicon Valley residency and a chance to meet venture capitalists.” This is the second year of the contest in this new industry shaking up finance and technology. The competition featured three rounds of sessions for participants to present and demonstrate their product or service. Six finalists then pitched to a group of judges representing industries from the Detroit area, including GM Financial. About DeFiner.org DeFiner.org is a peer-to-peer lending platform, or marketplace for lenders and borrowers to transact directly without a middleman. Borrowers can use their cryptocurrency assets as collateral for crypto or fiat currency loans. DeFiner.org uses blockchain and smart contract technology for secure, trusted transactions. DeFiner provides liquidity, reduced lending fees, 24/7 on-demand loans, and reduced transaction time. To help do so, DeFiner has developed strategic partnerships with industry leaders in the blockchain and crypto sphere. Partners include Binance to track the value of cryptocurrencies, Kyber Network to allow users to seamlessly swap between tokens, and Wyre for flexibility in converting between cryptocurrencies and cash.

Detroit Fintech Challenge Investments

2 Investments

Detroit Fintech Challenge has made 2 investments. Their latest investment was in DeFiner as part of their Biz Plan Competition on August 8, 2019.

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Detroit Fintech Challenge Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/7/2019

Biz Plan Competition

DeFiner

$0.01M

Yes

1

5/10/2018

Biz Plan Competition

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10

Date

8/7/2019

5/10/2018

Round

Biz Plan Competition

Biz Plan Competition

Company

DeFiner

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Amount

$0.01M

New?

Yes

Subscribe to see more

Co-Investors

Sources

1

10

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