Predict your next investment

FinTech Innovation Lab company logo
Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
fintechinnovationlab.com

See what CB Insights has to offer

Investments

251

Portfolio Exits

37

Partners & Customers

3

About FinTech Innovation Lab

The FinTech Innovation Lab, run by Accenture and the NYC Investment Fund, is a global accelerator program that helps fintech startups scale their businesses, offering programs in the New York, London, and Asia-Pacific regions. It is a 12-week program that offers $25,000, which will convert into the company's next round of equity financing and which gives the participating venture firms the right to invest in the next round of financing. In addition, the FinTech Innovation Lab offers space, mentors from the participating firms and venture funders, access to users within the financial services firms for product feedback, weekly workshops on issues relevant to financial services technology companies, and bi-monthly dinners with experienced entrepreneurs and senior executives from the financial community as speakers.

FinTech Innovation Lab Headquarter Location

1 Battery Park Plaza 5th Fl.

New York, New York, 10004,

United States

Predict your next investment

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.

Expert Collections containing FinTech Innovation Lab

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find FinTech Innovation Lab in 1 Expert Collection, including HR Tech.

H

HR Tech

65 items

FinTech Innovation Lab Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

FinTech Innovation Lab Rank

Latest FinTech Innovation Lab News

FinTech Innovation Lab Demo Day: ESG, Crypto, and Managing Risk

Jun 30, 2022

Latest cohort of startups to graduate from the program focuses on transparency, compliance, and blockchain. PDF Last week, the FinTech Innovation Lab held a demo day in New York for its latest class of startups that were mentored to help them further their concepts and find potential backers. Alice Neumann, head of corporate bank Americas and global head of strategic corporate lending for Deutsche Bank Americas, kicked off the demo day hosted at Deutsche Bank’s offices. The lab was co-founded by Accenture and the Partnership Fund for New York City . Neumann said this year’s cohort of 10 graduates was chosen from nearly 200 applicants from around the world. The startups, she said, focused on such areas as creating sustainable investments, meeting ESG (environmental, social, and governance) outcomes, improving transparency around cryptocurrencies, and managing security and compliance risks. “Their solutions use technologies such as artificial intelligence, machine learning, cloud, blockchain, and advance data analytics,” Neumann said. In addition to mentoring and supporting the startups, Deutsche Bank also funds some of the graduates of the lab in their later stages, she said, via a corporate venture capital program. This includes SkyHive , a labor analytics platform, which received an equity investment of an undisclosed amount earlier this year from Deutsche Bank. “We continue to be on the lookout for further investments and further solutions so that we can reimagine banking,” Neumann said. The work of the lab continued through the pandemic, said Maria Gotsch, president and CEO of the Partnership Fund for New York City, with alumni startups actively raising funding. “Collectively they raised $1 billion since 2019,” Gotsch said. The total amount raised to date by all alumni of the lab is $2.2 billion, she said. Participants in the lab were mentored and advised for three months, Gotsch said. Some members of the latest class have already raised series C funding, she said, and some are also remaining in the area after graduation. “A number of them are moving their headquarters to New York City or setting up an office,” Gotsch said. The demoing companies: CoverForce -- Works with national property and casualty carriers to standardize their APIs and build customized platforms for independent agency networks. Draivn -- developed a platform that collects and analyzes any type of telematics data from fleets and converts that into solutions and tools for commercial auto insurers and brokers. Evercity -- A blockchain-based sustainability measurement and investment platform that automates issuance, management, and monitoring of sustainable finance. Ion Channel -- A software supply chain management platform that identifies and monitors third-party security risk from software suppliers that include vendors, outsourced app developers, contractors, and open source. LeapXpert -- A platform that creates an accessible digital record of all business interactions carried out over mobile messaging applications to ensure that organizations’ data will meet compliance requirement. Mark Labs -- An AI/ML stewardship platform asset managers can use to define impact metrics, engage with investors and portfolio companies, and link their capital allocations to the pursuit of ESG outcomes and targeted financial returns. Messari -- A provider of market intelligence products that help professionals navigate crypto, used by individuals and institutions alike. Combines deep analysis, data, news, and tools to improve industry transparency and drive smarter participation in crypto. Railz -- An API provides financial institutions and fintechs with instant, real-time access to their business customers’ financial data from different sources such as accounting, banking, tax, and e-commerce to make better data-driven decisions. SoLo Funds -- An on-demand marketplace that lets members request and fund loans for emergency needs, providing an equitable, community-driven lending alternative. Straylight Systems -- An AI solution that creates reliable, secure software code automatically. What to Read Next:

FinTech Innovation Lab Investments

251 Investments

FinTech Innovation Lab has made 251 investments. Their latest investment was in LeapXpert as part of their Incubator/Accelerator - II on March 3, 2022.

CBI Logo

FinTech Innovation Lab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2022

Incubator/Accelerator - II

LeapXpert

No

1

3/29/2022

Incubator/Accelerator

CoverForce

Yes

1

3/29/2022

Incubator/Accelerator - III

Railz

Yes

1

3/29/2022

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

3/29/2022

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

Date

3/29/2022

3/29/2022

3/29/2022

3/29/2022

3/29/2022

Round

Incubator/Accelerator - II

Incubator/Accelerator

Incubator/Accelerator - III

Incubator/Accelerator

Incubator/Accelerator

Company

LeapXpert

CoverForce

Railz

Subscribe to see more

Subscribe to see more

Amount

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

FinTech Innovation Lab Portfolio Exits

37 Portfolio Exits

FinTech Innovation Lab has 37 portfolio exits. Their latest portfolio exit was Digital Shadows on June 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/1/2022

Acquired

$99M

4

5/3/2022

Acquired

$99M

2

4/19/2022

Corporate Majority

$99M

5

3/8/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

2/9/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/1/2022

5/3/2022

4/19/2022

3/8/2022

2/9/2022

Exit

Acquired

Acquired

Corporate Majority

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

4

2

5

10

10

FinTech Innovation Lab Partners & Customers

3 Partners and customers

FinTech Innovation Lab has 3 strategic partners and customers. FinTech Innovation Lab recently partnered with illumr on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/11/2021

Partner

United Kingdom

6/22/2017

Vendor

United States

Subscribe to see more

Subscribe to see more

10

2/11/2016

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

1/11/2021

6/22/2017

2/11/2016

Type

Partner

Vendor

Partner

Business Partner

Country

United Kingdom

United States

United States

News Snippet

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

10

10

FinTech Innovation Lab Team

4 Team Members

FinTech Innovation Lab has 4 team members, including current Founder, Chief Executive Officer, Christoffer Andvig.

Name

Work History

Title

Status

Christoffer Andvig

Founder, Chief Executive Officer

Current

Maria Gotsch

Founder

Current

Andy Brown

Chief Technology Officer

Current

Prabhdeep Singh

WeWork, Uber, Partnership Fund for New York City, Morgan Stanley, and Canaccord Genuity

Founder

Former

Name

Christoffer Andvig

Maria Gotsch

Andy Brown

Prabhdeep Singh

Work History

WeWork, Uber, Partnership Fund for New York City, Morgan Stanley, and Canaccord Genuity

Title

Founder, Chief Executive Officer

Founder

Chief Technology Officer

Founder

Status

Current

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.