SECOND COHORT
PRESENTED BY

The Station Fintech Accelerator is a four-month program designed to help you grow your company and foster corporate partnerships with Finance Montreal’s members. The program will be tailored to your specific needs to ensure that you hit your next milestone.

Our second cohort features early-stage startups with a product in market and showing signs of early traction, primarily operating in Financial Services to enable or increase conscientiousness for social and environmental factors when it comes to business decision making.

Challenges

As the financial services industry touches every business sector, we believe that supporting the evolution of this industry will foster a stronger fintech community that inherently promotes impact and tech for good.

While the interest, hope (and hype) around “ESG” and sustainable investing continues to increase, we are interested in talking with startups that are working on creating tangible value and are providing a clearer definition of what “ESG” means for the Financial services industry.

Whether you plan on enabling the current players or disrupting current practices with new products, we would love to learn more about your work. Regardless of the industry you are currently in, we want to talk to you. Some areas of interest are :

Environmental Finance

We are looking for advanced technologies (e.g. AI-based) and solutions that can have a positive impact on the environment from a financial perspective and can contribute to decarbonizing the financial sector. Some examples of these solutions are:

  • Platforms that enable innovative renewable projects to get financing e.g. Crowdfunding platforms and renewable project underwriting solutions
  • Solutions that nudge consumers to be more environmentally conscious e.g. “carbon offset” debit and credit cards and climate focused, personal finance management solutions
  • Platforms that allow Financial institutions to decarbonize their operations e.g. Carbon Accounting and Carbon offset trading
  • Tools that can help Insurance institutions manage climate risk more effectively e.g.assessing P&C Weather Damage risk, Transition risk and Catastrophe bond solutions

Social Finance

We are looking for advanced technologies and solutions that can have a positive impact on society within the financial arena. Some examples of these solutions are:

  • Companies that improve D&I within Financial Institutions e.g. D&I Training platforms that are embedded within workflows, hiring bias reduction solutions
  • Financial crime platforms that can mitigate transaction fraud e.g. Anti Money Laundering solutions, KYC solutions, Financial Data Privacy solutions
  • Innovative Financial Literacy solutions.
  • Platforms that increase financial access for different segments of the population; e.g. providing freelancers and gig workers access to credit, earned wage access solutions, rent-to-own solutions, providing credit to the underbanked etc.
  • Alternative lending and investing platforms e.g. peer to peer lending and invoice factoring

Governance

Corporations globally are shifting their goals and objectives from simply maximizing value for shareholders, to instead, maximizing value for all stakeholders. This leads us to ask the question: How can we help corporations measure their performance beyond net financial profits? We are looking for advanced technologies (e.g. AI) and
solutions that address this question. Some examples of these solutions include:

  • ESG Reporting & Risk Monitoring solutions e.g. ESG Compliance and Material Risk Management solutions
  • Embedded ESG Data Analytics solutions e.g. ESG investment idea generation and ESG portfolio construction solutions.
  • Board Governance solutions e.g. Proxy Voting and Board Reporting solutions

Program Outline / Benefits

Four-month program

The milestone-based program runs for four months with programming tailored to your needs, to help you move towards your next corporate partnership.

Tailored milestone-driven programming

Hands-on weekly coaching from our team to help you develop a concrete growth plan incorporating sales, fundraising and corporate engagement strategy.

Coaching and Mentorship

Active mentorship from the Highline Beta leadership and Station Fintech Members will help you with fundraising strategy, analyze your business model assumptions, and connect with corporations. 

Corporate Connections

Curated private events, corporate pitch sessions, office hours with advisors who provide unique insights and guidance on navigating the corporate maze (i.e. procurement, compliance, legal etc.)

Optional Investment

$25k upfront minimum investment from Highline Beta for 2% equity and potential further investment from Highline Beta venture capital investment vehicles.

Station Fintech Access

Access to Station Fintech's co-working space and services in the heart of Montréal, Québec.

  • Pre-seed / seed stage Canadian & North American startups that help solve the most pressing ESG challenges today as it applies to the financial services sector, as described in the “Challenges” section.

 

  • Applications Open: October 28, 2021
  • Info session: November 18, 2021
  • Applications Close: December 9, 2021
  • Program Start Date: January 13, 2022
  • Demo Day: May 2022

Highline Beta is a venture studio and venture capital firm helping big companies grow outside of their core through organic venture development and inorganic startup partnership. Highline Beta is Intuit's partner in the Intuit Prosperity Accelerator. Highline designs, executes and oversees the program, as well as advises on the selection of startups to participate.

Learn more about Highline Beta

This program is designed for pre-seed and seed startups who want to make a difference in advancing ESG applications to the world of financial services.

We are looking for dreamers and doers, we love to work with anyone who has a track record of hustling and getting stuff done. You don’t need a particular degree, as long as you are coachable, make calculated decisions quickly and have grit, we think you’d be a great fit.

Yes! As long as you have a product in-market and are willing to hustle, then we would love to work with you.

No, we are looking for the best Canadian and North American startups that can revolutionize the financial services industry through ESG.

No, you don’t have to be a member to apply to this accelerator program.

Yes, you sure can! Previous companies that have participated in our programs have been involved with other programs at the same time. Just make sure you’re able to handle both programs as we want to make sure you extract the most value out of it!

We love software companies. We believe that software has the potential to change every industry and more importantly, we understand how these companies work.

The application form is here.

We will take a look at every application. If you have piqued our interest, we will reach out to schedule an interview. We will not be interviewing every company that sends in an application.

The program lasts 4 months.

We aim to select 4 to 6 companies for each cohort. A Program Lead will be assigned for the cohort and will provide information tailored to your needs. Each week, you will have a regular checkpoint with us to ensure that we’re providing you with the most value.

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