The Fintech industry is changing the finance world as we know it. Fintech (or financial technology) is an emerging sector of the economy focused on innovating the way personal and commercial finance works. Fintech can encompass anything from online banking and personal finance apps to blockchain and cryptocurrencies, and even insurance and investment tools.
Financial data is an essential component of Fintech business, but until recently the data has been locked down by major financial companies, and kept away from industry-disrupting entrepreneurs.
There are few Fintech companies brave enough to take on the giant financial institutions who own most of the world’s financial data, but St. Petersburg-based Intrinio is one such company. The startup Fintech company is laser-focused on the democratizing access to financial data, and has successfully opened up 300 channels to customers so far.
As a result of their work, developers creating other Fintech software and applications can access data for far less than ever before.
This week, Rachel Carpenter, co-founder of Intrinio, announced that she’ll be hitting the road for the first in a series of three workshops comprising the Capital Village Fintech US 2018 development program.
I’m proud to announce that I’ll be representing Intrinio at the Village Capital financial data program (sponsored by PayPal, BNY Mellon & Middlegame Ventures) – starting this week in Washington, D.C.! https://t.co/hkhgICEMJB
— Rachel Carpenter (@Rachel_Ann_C) September 10, 2018
Intrinio is one of 12 startups to make the cut for the program, funded by a collaboration between Village Capital, PayPal, and BNY Mellon. The course will take place during three workshops over the course of September, October, and November. Each will be held in a major city: Washington D.C., San Francisco, and New York.
Selection for the program focused on startups that use financial data to make financial services, “more accessible, affordable and transparent.”
Throughout the program, participating startups will receive investment coaching from mentors, meet one-on-one with potential investors and customers, and assess company strengths and growth areas.