Boston New Technology Startup Showcase #99: FinTech and Blockchain

Boston New Technology Startup Showcase 99

March 18, 2019

I always enjoy attending Boston New Technology’s startup showcases. A not-for-profit, community-supported network of 24,000 business professionals, Boston New Technology’s mission is to help Boston’s local technology startups launch and grow.

March’s showcase, BNT99, featured local FinTech and Blockchain startups. It was hosted at Foley Hoag in Boston’s Seaport district.

Boston New Technology Startup Showcase 99: Foley Hoag LLP in Boston, MA

Andes Wealth presentation; photo by Geoff Wilbur

After an hour of food, drinks, and networking, the presentation portion of the evening began.

As usual, Chris Requena led with a brief introduction, followed by quick 30-second introductions/pitches by the sponsors who were in attendance. This evening, we heard from the following sponsors: Foley Hoag, Ink’d Stores, Chuck Goldstone: Strategies and Stories, Your Profile Video, and Tom Maloney, Coach: Climbing the Success Ladder.

Tunnel presentation; photo by Geoff Wilbur

The quick sponsor introductions were followed by the meat of the program, five-minute presentations (plus five minute Q&A time) by each of the evening’s eight showcasing startups. As always, my notes are brief – perhaps moreso than usual, as a few days passed before I found time to summarize the event – so I’d encourage you to follow the links if you seek any more information, and then contact the companies directly if you have a particular interest.

Products & Presenters

Coalesce presentation; photo by Geoff Wilbur

Andes Wealth showcased PrecisionRisk™, its tool to help financial advisors and investors identify investors’ risk and behavior traits and manage accordingly. This tool allows advisors to create detailed investor profiles and manage their investments more individually with greater ease. If this sounds interesting, after starting with the website, I’d also recommend viewing this YouTube promotional video to find additional information.

MedTrace presentation; photo by Geoff Wilbur

Tunnel Payments‘ distributed ledger system is a system for completing real-time, secure, low cost payments in the cloud. (Please go to the website for details beyond my high-level description.)

Coalesce, per its BNT event description, “uses AI to automate compliance and fraud monitoring for financial services.” A couple highlights I noted from the presentation are that it can be used to automate repetitive, tedious work and that, via natural language processing, one of the things it can excel at is identifying negative news reporting.

TeraBiz presentation; photo by Geoff Wilbur

MedTrace, you realize if you follow the link on the BNT99 event page, is just one of the supply chain tracing solutions being pursued by the team per the Traceability Site website, whose site lists solutions for many other industry verticals, as well. As showcased at the event, MedTrace uses blockchain to provide end-to-end visibility, tracing legitimate medication packages and identifying counterfeit medication when it attempts to enter the supply chain.

TeraBiz stood out after the evening’s earlier presentations due to its traditional financial service technology platform – it’s a SaaS product, not blockchain. It’s a SaaS-based business management software platform whose functionality and comprehensiveness position it as a solid competitor to industry giants like SAP Ariba, Coupa, Oracle, and others.

Eden GeoPower presentation; photo by Geoff Wilbur

Eden GeoPower showcased its strategy for utilizing the high energy demands of cryptocurrency mining to finance the development and construction of renewable geothermal energy projects. Notably, a highlight and central point of the evening’s presentation was how a power plant’s cost can be paid for by the profit of mining cryptocurrency. I’m looking forward to digging deeper into this startup.

Esprezzo is billed in the BNT99 literature as “the developer’s bridge to the blockchain.” It’s a middleware platform that makes it easier for developers to include blockchain in their work. I’d urge you to attend an Esprezzo presentation, and you’ll find it quite easy to understand.

Esprezzo presentation; photo by Geoff Wilbur

Knox is a service provider that helps homeowners when turn their soon-to-be-former home into a passive investment by streamlining the process of converting a primary residence to an income property, finding good tenants, and managing the property. Obviously, it doesn’t just apply to turning your house into an investment property when you move, but that’s the idea that spawned Knox, and the company’s structure is designed to make that particular circumstance easy. In the end, though, this is a property management firm that handles individual owners’ rentals. Notably, applying to be in Knox’s program doesn’t mean automatic acceptance. The company intends to ensure its success by being selective.

Knox presentation; photo by Geoff Wilbur

Looking Ahead

Next month’s BNT startup showcase, BNT100, is scheduled for April 23rd, and it will feature AI and IoT startups. Check out BNT’s upcoming event calendar here at its website for other events, too. For example, there’s an April 17th event on tap featuring two presentations: “Ten Things Startups Need to Know about Intellectual Property” presented by Moses Heyward, Of Counsel, Patent Attorney, Fish & Richardson P.C. and “How To Protect Your Company Against Patent Troll Litigation” presented by Ken Seddon, Chief Executive Officer at LOT Network.

Though I’ll probably miss the April 17th event, I do hope to attend the April 23rd showcase, schedule permitting. Hope to see you there.

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