New Second Fund from SixThirty Makes Four New FinTech Investments
SixThirty, a global FinTech seed fund and business development program, has announced a second fund, SixThirty 2.0. The first set of investments from the new fund build on and expand SixThirty’s investment thesis of investing in B2B solutions that have global relevance and bring the power of data and design to drive client adoption and enable integration.
Regarding these investments, SixThirty’s Managing Partner, Atul Kamra, commented on the mix of entrepreneurs and founders, saying, “SixThirty continues to over index the venture industry in terms of the diversity of the founders/CEOs of our portfolio companies. 45% are women or minority founded. Half our pipeline and a quarter of our portfolio are non-US.”
“They also have the mindset and maturity to work collaboratively with leading incumbents. The recent additions to our portfolio sustain that trend.”
The companies in the new portfolio leverage AI, mobile wallet technology, computational genomics, and predictive analytics to address opportunities across payments, asset management, commercial banking, life insurance, and wealth management.
Over the course of the last 3 months, the portfolio companies traveled to St. Louis to participate in SixThirty’s Spring 2018 Business Development Program, building relationships with leaders from SixThirty’s network and refining their go-to-market strategy.
CEO: Dror Katzav, based in Tel Aviv, Israel
Atidot is empowering the life insurance industry with big data and predictive analytics. Atidot’s cloud-based platform enables them to take control of their existing data, and provides insurance and annuity specific insights to improve client retention, sales, in-force management, and profitability.
CEO: Nathan Stevenson, based in New York, NY
ForwardLane provides an AI insights platform for wealth managers, asset managers, and commercial banks to augment human capabilities and power superior client experiences with personalized insights. The API platform prioritizes which clients to engage with, provides the personalized stories to connect with clients, and augments intelligence with expert conversation capabilities.
CEO: Heather Holmes, based in Chicago, IL
Genivity is an award-winning AI software platform that helps financial professionals plan for longevity, health risks, and elder care costs so their clients don’t run out of money in retirement.
CEO: Elias Guerra, based in St. Louis, MO and New York, NY
Popwallet is a marketing automation platform, providing brands a new way to communicate with their audiences by capitalizing on the reach, engagement, and measurement we can provide through mobile wallets like Apple Wallet and Google Pay.
SixThirty’s portfolio companies are chosen in close collaboration with their corporate partners including Reinsurance Group of America (RGA), World Wide Technology, Bank of New York Mellon’s Pershing, Enterprise Bank & Trust, Edward Jones, Ernst & Young, State Farm, UMB, and Detalus.
Explaining the relevance of SixThirty’s investment pipeline and process, Kamra added, “The breadth of our pipeline across the payments, wealth and asset management, insurance, capital markets and banking sub-sectors exposes our investment committee and corporate partners to technology solutions across traditional industry lines and positions them to select companies and founders most likely to win in a converging marketplace.”
With a progressively growing base of advisors and corporate partners, SixThirty now looks ahead to the fall to accelerate the revenue and relationships for the start-ups that will constitute SixThirty’s Fall 2018 portfolio.