4 fintech startups be part of incubator run by Seattle-area credit score union and Univ. of Washington


(CoMotion Picture)

4 startups exterior the Pacific Northwest received the fourth annual BECU Fintech Incubator Competitors.

The incubator helps fintech startups and is a collaboration that mixes the specialties of BECU, Washington’s largest not-for-profit credit score union, and the College of Washington’s CoMotion Labs. Since launching in 2018, it has supported 11 startups with mentorship, incubation area, and coaching.

BECU expanded the competitors to be nationwide through the pandemic, and this yr’s winners are all based mostly exterior the Seattle space.

“We stay dedicated to rising the fintech neighborhood in our area and are persevering with to search for methods to assist native startups,” BECU mentioned in an announcement to GeekWire. “We additionally acknowledge that fintech startups from different components of the nation assist foster innovation within the monetary providers business and enhance the monetary well-being of our native communities.”

Right here’s extra information in regards to the profitable startups:

Asa Monetary

Based mostly in Provo, Utah, Asa gives a expertise platform and market that permits partnership between fintech and conventional banking. By way of this integration, fintechs can join with the broader banking ecosystem to develop their buyer base, and banks can use fintech assets to offer trendy fee applied sciences and customized experiences to their account holders.

Honeycomb Credit score

Based mostly in Pittsburgh, Honeycomb addresses the problem small companies face in acquiring conventional financial institution loans to develop. Honeycomb Credit score permits these companies to immediately borrow capital from their very own buyer base and local people. The concept is to assist each the enterprise and prospects — the enterprise receives the capital it wants, and prospects are provided aggressive returns.

NetGiver

Based mostly in Minneapolis, NetGiver is a charitable giving app for credit score union members to allow donations to nonprofits with zero charges. NetGiver can be utilized by donors for any 501(c)(3) nationwide, immediately from their credit score union account for gratis to them.

Pocketnest

Based mostly in Michigan, Pocketnest is a platform focused for and made by millennials and Gen-Xers to assist them keep monetary wellness. It licenses its software program to banks, credit score unions, funding advisors, 401K plan sponsors, and worker wellness platforms. Pocketnest additionally delivers nameless member insights to monetary establishments to allow them to higher perceive the wants of youthful audiences.

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(CoMotion Picture) 4 startups exterior the Pacific Northwest received the fourth annual BECU Fintech Incubator Competitors. The incubator helps fintech startups and is a collaboration that mixes the specialties of BECU, Washington’s largest not-for-profit credit score union, and the College of Washington’s CoMotion Labs. Since launching in 2018, it has supported 11 startups with mentorship,…