Slideshow SixThirty Accelerator Backs Four Fintech Startups

Published
  • October 31 2013, 11:09am EDT
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A St. Louis accelerator that counts Square-co-founder Jim McKelvey among its founders, is doling out cash to several fintech startups.

SixThirty -- named after both the height and width of the city’s Gateway Arch (630 feet) -- is being backed by the St. Louis Regional Chamber and Midwest investment firm Cultivation Capital. The fintech accelerator launched in early August.

Its mission is to make four $100,000 investments each spring and fall. As a part of the deal, those chosen will also receive training, mentoring and networking opportunities in the region.

SixThirty announced its first round of funding in early October. To find out about its first four startup picks, click on.


Hedgeable

Hedgeable is an online investing portfolio service that, according to its website, charges fees that range between nothing and 0.8% of the total amount a user invests. The New York City firm says it creates risk managed products for retail investors.

Hedgeable said in a blog post that it was opening up a new office in downtown St. Louis, a move that coincides with its SixThirty investment.

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miiCard

miiCard allows users to create online profiles that can be used as digital identities.

The online verification service recently announced that it is working with PFM provider Yodlee to offer its technology to banks.

The company says online miiCard IDs can be used to secure instant loan approvals, real-time credit approvals and authorizations for high-dollar transactions.


Upside

Upside markets digital wealth advisory tools to young folks looking to save.

The company said it is temporarily moving its team from San Francisco to St. Louis for four months in order to work more closely with SixThirty.


XYverify

XYverify has developed a location-based geo fencing technology that helps banks authenticate customers at the point of sale.

The mobile banking security company says it uses its Know Your Customer databases and software to hedge against fraud. XYverify allows banks to integrate its services through a cloud-based API.