MassChallenge FinTech

MassChallenge FinTech accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation across banking, insurance, asset management, and other financial sectors. Our partners’ challenges have C-Suite support, budget, and resources, and now they need YOU to help them tackle these issues. In turn, you’ll benefit from their deep subject matter expertise and explore avenues that further validate your solution.  

Applications open on October 4th. In the meantime, we encourage you to create your MassChallenge profile before applications launch.


Program Benefits | Eligibility | Key Dates | Partners | FAQs


Program Benefits

  • Tailored deep-dive sessions with industry experts to strengthen your enterprise-readiness as you scale 
  • Equity-free access to expert mentorship, and the Boston fintech and finserv ecosystem 

Eligibility Requirements 

While MassChallenge supports a wide array of early to late stage startups – the FinTech program is designed to support mid-late stage companies that possess a validated product/solution ready for scaling. See a more thorough breakdown of the criteria below:

  • Series A - working towards investment round or achieved 
  • 10 or more employees (preferred)
  • Validated product/solution for scaling – has enabled at least 2 proof of concepts (pilots)

Please note these are guidelines, not firm requirements. While funding and revenue are important factors in enterprise readiness, we also look at team strength, product/market fit, customer traction etc. 

Key Dates

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2019 FinTech Silver Winner
Cake (joincake.com)
Consumer Products
2019 FinTech Silver Winner
Catapult HQ, Inc.
Financial Technology
2019 FinTech Silver Winner
FiVerity
Financial Technology
2019 FinTech Silver Winner
Digital Onboarding, Inc.
Financial Technology

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Frequently Asked Questions

Q: I'm interested in the partners, but what if I don't see a challenge that fits my business? 

A: If you’re a startup solving issues in financial services (broadly defined), we encourage you to apply. We know that many of our partners are facing more challenges than they even realize, and that you, as innovators, are working to solve problems that they haven’t anticipated yet. You may work with multiple partners, too. This collaboration is the key to the future of financial services, and we want you involved. 

Q: Do I need to be based in Boston? 

A: No, we accept applications from startups around the world. Any additional travel should be determined by you and your MCFT partner. 

Q: How do I apply to your program? 

A: You can apply to our Fintech program via our Accelerate platform. Click here to learn more on how to apply. 

Q: Are there any in-person components for the accelerator program? 

A: Our accelerator program is mostly remote – however we do host in-person networking opportunities – all of which are optional attendance.  

Q: What does a typical day look like during MCFT? 

A: Most of your MCFT time will be spent working with your partner(s) while you continue to run your business. That being said, we’re a firm believer in continual growth-–so you’ll be introduced to experts from industries such as financial services, law, compliance and regulation, and technology. 

Q: What is the required time commitment to participate in the program? 

A: Participation in the program requires at least 1 representative from your team to be present for the Bootcamp which kicks off February 2nd and completing various assessments on your startups progress throughout the program. On average, startups dedicate at least 4 hours per week to the program. This includes meetings with partners, partner deliverables, and networking events.

 

 

 

Mission

Our mission is to equip bold entrepreneurs to disrupt the status quo and to create meaningful change.