The FinCon FinTech Startup Competition
(details on 2017 competition coming soon…)
Congratulations to Kavout, winner of the 2nd annual FinCon FinTech Startup Competition!
Kavout applies big data technologies, artificial intelligence and machine learning to stock analysis to make finding, screening and analyzing investment opportunities efficient and intelligent.
The competition was held live at #FinCon16 on September 22, 2016, in San Diego, CA.
It’s the first ever early-stage business competition dedicated to technology products and solutions in the consumer-facing personal finance and investing verticals.
The competition was presented in partnership with SoFi, who generously contributed $5,000 in prize winnings.
Twelve startups were accepted into the competition:
- Pocket Change USA
- Stock TrendSpotter
- ProActive Budget
- Cash Crunch Games
- Tip Yourself
Each competitor had three minutes in front of a live audience to present their business. A panel of judges (Dan Macklin, SoFi, Lauren Greutman, LaurenGreutman.com, Andrew Dietrich, Final, and Larry Ludwig, InvestorJunkie.com) awarded the top two competitors, and the audience voted on a “people’s choice”. See evaluation criteria.
Kavout received $4,000 cash, a 10’x8′ exhibit space at #FinCon17 (Dallas, Oct 25-28, 2017), and a review on PTMoney.com.
Our runner-up winner was Debitize, who receives $1,000 in cash.
The “People’s Choice” vote went to iSow!
Thanks to SoFi for partnering with us on the event. Thanks to our judges. Thanks to all of our competitors. And special thanks to Bobby Lee for coordinating the competition and bringing it all together!
The second annual FinCon FinTech Startup Competition will be held live at #FinCon16 on September 22nd in San Diego, CA. It is the first ever early-stage business competition dedicated to technology products and solutions in the consumer-facing personal finance and investing verticals. The competition will be presented in partnership with SoFi, who will choose one winner to participate in their Entrepreneur Program.
Meet the Competitors
Our 2016 competitors (in no particular order): Pocket Change USA, Kavout, Stock TrendSpotter, ProActive Budget, Cash Crunch Games, iConsumer, Debitize, iSow, Envudu, Tip Yourself, DIY.FUND, Pluto
The competition is a fun way to expose early-stage businesses to the consumer-facing financial media world and provide FinCon attendees with new and exciting material for articles, podcasts, and video content.
Dan Macklin, SoFi
Lauren Greutman, LaurenGreutman.com
Andrew Dietrich, Final
Larry Ludwig, Investor Junkie
Dan Macklin, SoFiDan is the VP of Community & Member Success and Co-Founder of SoFi. Dan is a co-founder with responsibility for maximizing the overall experience for SoFi’s growing community of members. This includes responsibility for our career management services and our entrepreneur program as well as a range of member events around the country. Prior to SoFi, Dan spent twelve years at Standard Chartered Bank leading Enterprise Sales and Product Development across London, Singapore and Shanghai. Dan holds an M.S., Management degree from the Stanford Graduate School of Business where he was a Sloan Fellow. He also holds a BA in Business Economics from University of Durham in England.
Lauren Greutman, LaurenGreutman.comLauren Greutman has been working online for over 7 years and has established one of the top frugal living blogs for women - LaurenGreutman.com (Formerly iamthatlady.com) . She is the author of the book "The Recovering Spender" and is a frequent guest on the TODAY show, Dr. Oz, FOX and more. She lives in Upstate New York with her husband Mark and her four children.
Andrew Dietrich, FinalAndrew serves as the COO and Co-Founder of Final. Final's credit card drastically reduces payment fraud and gives consumers total control over their merchant relationships. At Final, he manages banking and technology partnerships and works to deliver Final’s unique financial products to market. Like the rest of the Final team, he believes in building a credit card that he can trust. Andrew received his BA from Harvard University and MBA and MEM from Duke University.
Larry Ludwig, Investor JunkieLarry Ludwig is the Founder and Editor-in-Chief of Investor Junkie.
2016 Judging Criteria
(a) Has the summary/presentation clearly articulated the value proposition?
(b) Has the summary/presentation demonstrated market opportunity?
(c) Has the summary/presentation demonstrated a sustainable business model that will make money, or, in the case of a venture with a social purpose, make money and have the desired social impact (in this case, addressing a consumer-level personal finance or investing problem)?
(d) Has the summary/presentation demonstrated competitive differentiation/intellectual capital?
(e) How effective was the overall presentation?
(f) Would you invest or back this opportunity?
Additionally, the audience will be asked to pick the “people’s choice” based on this criteria: “which business best addresses a consumer personal finance or investing problem?”
This competition is open to all #FinCon16 exhibitors that are consumer-facing personal finance and investing technology companies that have received only seed (or limited angel) funding and have fewer than three years in service.
2016 Awards & Prizes
First Prize – Named “Best in Show” for 2016, promotion on FinConMedia.com, reviewed on PTMoney.com, a complimentary booth and two passes for #FinCon17, and a $4,000 cash prize
Runner-Up Prize – $1,000 cash prize
SoFi Entrepreneur Program
SoFi was founded by entrepreneurs, and we’re committed to helping nurture the entrepreneurial spirit in others. The SoFi Entrepreneur Program is our way of helping our members build their businesses in spite of the burden of student loan debt, because we believe student loans are an investment in yourself that should help propel you forward, not hold you back. Typically, members of our Entrepreneur Program are current SoFi members who have refinanced their student loans through SoFi, or they’ve applied concurrently for SoFi student loan refinancing and the Entrepreneur Program; they’re a founder or co-founder working on building your company full-time, and they’re building a scalable and dynamic business with an innovative infrastructure. Program benefits include loan deferment, mentorship and resources, and access to investors. One participant of the FinCon FinTech Competition will be granted membership into the next class of SoFi Entrepreneurs and will benefit from all the same benefits outside of loan deferment.
Bobby Lee, 2 Minute Finance
Philip Taylor, FinCon
Bobby Lee, 2 Minute FinanceBobby Lee is host of 2 Minute Finance, a video blog dedicated to teaching money management skills in short videos. He is also co-host of the Young and Oldish Money podcast, discussing the uneven impact finance and consumer issues can have on different age groups. Outside of financial literacy education, Bobby is passionate about aviation and 80's & 90's country music.
Philip Taylor, FinConPhilip Taylor is the CEO & Founder of FinCon.
To see last year’s competitors, winners, and videos, click the next page.