Here are 17 new – or, more accurately, new to me – greater-Boston FinTech or financial services startups. The truly new company is Liberty Teller, founded in 2013. I’ve also come across two startups in stealth mode, which I won’t list here for the time being. This brings the total number of FinTen or financial services startups in the cluster to well over 50.
If you are aware of others, please let me know. And, if you know of any startups previously mentioned throwing in the towel, please send me that information as well.
In alphabetical order:
Extracting insights and investment alpha from large, unstructured datasets.
Automated Intermediary fee invoice processing for the mutual fund industry.
Automating billing for recurring revenue businesses.
Making workers’ compensation insurance easy, fast, accessible, and affordable. Offers an online, real-time quoting engine.
Developing white-labeled hyper-local shopping technology for mobile wallet providers.
HQ is in CA. CTO is in New Mexico. Developers are in Armenia and Russia. Company has announced plans to grow in Cambridge, MA.
Uses highly parallel supercomputing technology and machine learning techniques to create quantitative trading algorithms. Raised $4.5MM from Reed Elsevier Ventures in 2009.
Hedge fund specializing in quantitative trading algorithms and data-intensive investment strategies. Backed by angel investors, First Spring Corp. and Australia’s Scout Global Funds.
New forex signals and binary options signals start up.
Provider of bitcoin “ATMs”.
Merchant Customer Exchange
A mobile payment app backed by a consortium of very large retailers. Intent is to drive out interchange fees paid by merchants to credit card companies. They are building a new mobile payment capability for use by consumers.
Prime Student Loans
Helps graduates optimize loan repayment strategy, reduced student loan expenses through a customized, proprietary loan analysis.
Helping financial institutions transform payment data into insight.
Streamlines handling of customized investment accounts for wealth managers.
Splitwise is a mobile app and web platform that helps people share expenses.
Equity research platform that allows users to screen, compare, and chart stocks and funds; track portfolios and watchlists; and access financial data for over 10,000 tickers.
Founded in 2011
Stock analysis service that lets you forecast a stock price by playing with assumptions about prices and market share for a company’s products.