June 25, 2018 View as PDF
ENVEL SELECTED AS ONE OF TEN NEW STARTUPS IN THE
DCU FINTECH INNOVATION CENTER’S SUMMER COHORT OF 2018
Envel will work, learn and collaborate in Innovation Center in downtown Boston
BOSTON, MA – (June 25th, 2018) —Envel, (An AI bank that automates management of customers' finances, so they don’t have to), has been selected as one of ten new early-stage ventures in the DCU FinTech Innovation Center (the “Center”) summer class of 2018. The not-for-profit Center, fully funded by Digital Federal Credit Union, better known as DCU, is dedicated to accelerating the development of new FinTech products and driving the local FinTech ecosystem and banking industry forward.
The Center accepts seed-stage FinTech startups such as Envel in the product market fit stage and provides them with everything they need for go-to-market success: a professional network and community, mentorship, as well as one year of free space at the Center, located in Boston’s financial hub near South Station. There is neither a cash nor equity payment required from any participating company.
“We are very excited to welcome Envel to the Center and deepening the Center’s support of the growing FinTech community in Boston,” says Vasilios Roussos, Managing Director, DCU Fintech Innovation Center. "The depth of talent and technology of this latest cohort is incredibly impressive and reinforces the fact that Boston is truly developing into a FinTech innovation leader. We look forward to working with Envel in the coming year and helping them find broader commercial success.”
“On behalf of the Envel team and board of advisors, we’re absolutely delighted that we’ve been chosen by DCU Fintech Innovation Centre and recognized as a firm with the skills, mindset and mission to make significant contributions to peoples’ financial health far and wide." says Steve Le Roux, CEO, Envel. "I believe managing one's finances is much a science and integral to our actions in modern society, be it, decisions you make, opportunities that present themselves, an academic path and indeed your health. As such we very much look forward to contributing to, and pulling upon, the collective expertize from the Center and the 2018 cohort.”
Acceptance into the Center recognizes Envel as one of Boston’s future FinTech leaders. Since its launch as the DCU FinTech Innovation Center, the Center has housed a number of Boston’s most promising FinTech startups that have been recognized, awarded by, and partnered with the nation’s leading innovation, startup, and financial institutions.
For the complete list of winners and other information please visit the DCU FinTech Innovation Center website at www.dcufintech.org
Envel puts your banking on autopilot. We’re a team from Harvard & MIT, building a bank that uses an AI system we’ve developed, the first of its kind, dubbed the 'Sat-Nav' for banking, that autonomously manages your money in real-time, so you don’t have to. Envel helps build your wealth, save for emergencies, curtail bad spending and smooth out your income, with almost no effort on your part.
For further information, visit www.envel.ai
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About the DCU FinTech Innovation Center
The DCU FinTech Innovation Center is the leading sponsor of FinTech startups in Boston and is dedicated to fostering FinTech startups and the Boston FinTech community. The Center focuses on helping startups gain initial customer traction and provides seed-stage FinTech startups with one year of free mentorship, workspace, community and a professional network. The Center is fully funded by DCU, supported by DCU executives, and is operated in partnership with Workbar.
For additional information, visit www.dcufintech.org
DCU is a not-for-profit financial cooperative based in Massachusetts that serves over 700,000 members across all 50 states. DCU offers a full range of financial services to consumers and businesses, including banking, lending, financial management, insurance and realty.
For additional information, visit www.dcu.org
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