See what’s coming out of the industry’s only fintech accelerator founded by a full-scale digital payments bank.
May 11, 2021 (Sioux Falls, SD) – Falls Fintech, the fintech accelerator founded by Central Payments in 2019, is excited to announce Cohort 3 Demo Day, the culminating event for the five startups, set for May 18, 2021. This virtual event will showcase product demonstrations from each of the five fintech companies, followed by a short Q&A and highlights from the 12 week program. Falls Fintech is a startup accelerator program geared towards early-stage financial technology companies that concludes with a launch commitment from Central Payments, the country’s fastest growing prepaid card issuer*.
“Our third cohort consists of five promising early stage fintechs innovating to bring greater transparency and cost savings to financial activities. You will definitely want to see what these companies are up to on Demo Day”, says Nikkee Rhody, EVP of Strategy at Central Payments and Co-Founder/Managing Director at Falls Fintech.
During this cohort session that kicked off on March 1, 2021, Falls Fintech cohort participants worked continuously with industry leaders and subject matter experts from around the financial services and technology ecosystems to develop their products, capabilities, features and connections in preparation for capital raising and market launch. “We are excited to add the cohort 3 companies to the rapidly growing list of users of our Open*CP Fintech API MarketplaceSM. With the addition of these five great companies to our portfolio of programs launching from cohorts 1 and 2, Falls Fintech has met the challenge of bridging the gap in bank/fintech partnerships,” commented Trent Sorbe, President and Founder at Central Payments and Co-Founder at Falls Fintech.
See what’s emerging by joining the Demo Day event by registering here:
Tuesday, May 18, 3:00pm – 4:15pm CST
The full line-up of impressive participants in cohort 3 are:
CEO: Karen Rios
CTO: Corey Beebe
HQ: New York, NY
Lifesaver is the universal banking platform that prioritizes financial health for consumers and automates cross-selling for banks.
2) Draft Fuel
CEO: Tom Mangan
COO: Alex Cullingford
HQ: Philadelphia, PA
DraftFuel provides a seamless bankroll management platform and financial guardrails for sports bettors of all skill levels.
CEO: Katrin Kaurov
CPO: Aleksandra Medina
HQ: New York, NY
Frich is the first social finance app that helps Gen Z to develop better spending habits by setting goals together with friends and keeping each other accountable.
CEO: Michael Gauthier
HQ: Toronto, CAN
Frugl is the no-budget way to save. Use the Frugl app to effortlessly grow your savings, meet your goals, and feel good about your financial future.
CEO: David Gertner
President: Ben Gertner
HQ: Boston, MA
Slyde is a fintech company that empowers consumers to take control of their wallets and online spend, by providing a single place to track, manage, and pay recurring bills and subscriptions.
About Falls Fintech
Falls Fintech is a custom, 12-week program designed to accelerate market readiness for early-stage financial technology startups. The high-intensity curriculum is delivered by a distinguished group of payments, technology, and banking professionals. In addition to a financial investment of $15,000, at the conclusion of Falls Fintech, successful companies will have completed all the necessary steps to come to market with a bank partnership and access to the payments ecosystem through Central Payments and its Open*CP platform.
About Central Payments
Central Payments is the payments subsidiary of Central Bank of Kansas City (CBKC) and is headquartered in Dell Rapids, South Dakota. Central Payments administers payment solutions for partners through its own Open*CP Fintech API MarketplaceSM, one of the only true bank-as-a-service payments platforms and the technology responsible for Central Payments’ rise to the fastest growing prepaid card issuer since 2015.* Visit centralpayments.com and fallsfintech.com for more information. Member FDIC.
* Source: The Nilson Report, 2015 to 2019.