The Independent Community Bankers of America and the Venture Center, in partnership with the state of Arkansas, announced late Tuesday the 11 companies selected for their annual ICBA ThinkTECH Accelerator program.
The program will kick off with a Jan. 11 event.
The 2022 companies are:
- Accrue, a digital lending and banking Software-as-a-Service (SaaS) provider that was recently acquired by Core10 of Franklin, Tennessee.
- DocFox of Miami, which offers a tool designed to help financial institutions manage their Bank Secrecy Act requirements.
- KlariVis of Roanoke, Virginia, a data and business intelligence company.
- LemonadeLXP of Ottawa, Canada, which offers a digital training platform for employees of financial institutions.
- Quilo of Lakeside, Montana, which offers all digital, unsecured personal installment loans.
- Senso of Toronto, Canada, which utilizes artificial intelligence to provide proactive lead generation for the retail mortgage market.
- Sequretek of Woodbridge, New Jersey, a cybersecurity firm.
- Signal Intent of Brooklyn, New York, which is focused on offering next generation financial guidance products.
- Unifimoney of San Francisco, which offers investing and money management technology.
- Vero Technologies of Brooklyn, New York, which offers an end-to-end commercial lending platform along with service support for new credit products.
- WealthStack of Austin, Texas, which offers a free financial education platform.
This year’s program will be 16 weeks. Organizers say the selected companies will receive guidance from industry leaders, including community bank executives, along with an initial $75,000 investment.
“Community bank innovation requires a tremendous investment of time and resources,” ICBA Senior Vice President and Chief Innovation Officer Charles Potts said in a news release. “ICBA remains dedicated to fostering community bank-fintech collaborations to help source and cultivate promising fintechs and accelerate their growth as we support our community bank members’ efforts to remain responsive to the evolving needs of their customers.”
Venture Center Executive Director Wayne Miller added that the nonprofit is honored to host the only community bank-focused accelerator program in the country.