SixThirty Accelerator Announces Five New Portfolio Companies
(Repost from St. Louis Business Journal. Article found here)
(Atul Kamra, managing partner, SixThirty)
SixThirty, the local business accelerator for tech startups in the financial services sector, has announced five new portfolio companies. Each of the companies will receive a $100,000 investment in exchange for an equity stake of between 5 percent and 10 percent. All five are from outside the St. Louis market, including one from Israel.
The companies are:
• Bridge Technologies, a Chicago-based company that has developed an automation software-as-a-service platform for financial advisers in the registered investment adviser (RIA) market. The company is led by CEO Rasheed Hammouda.
• CFX Markets, another Chicago-based company that serves as a secondary market for real estate investment trusts (REITS). The company is led by CEO Jordan Fishfeld.
• CogniCor, a San Francisco-based company that has developed an artificial intelligence platform that enables customer interaction to resolve queries, issues and lead generation via text or voice. The company is led by CEO Sindhu Joseph.
• Painless1099, out of Buffalo, helps independent contractors withhold their own taxes to save for tax season. The company is led by CEO Ace Callwood.
• PayKey, based in Tel Aviv, Israel, provides banks with technology to enable their clients to transfer money to their peers across social media platforms. The company is led by CEO Daniel Peled.
In all, SixThirty, which is backed by Cultivation Capital and led by Managing Partner Atul Kamra, has invested more than $2.5 million to date into more than 30 companies. Those companies have gone on to raise at least $82 million in follow-on capital and create approximately 200 jobs.