About Fintech71
Fintech71, an accelerator and incubator program founded in 2017, is based in Columbus, United States. With a presence in 4 countries, it has supported around 10 startups in sectors like Enterprise Applications, FinTech. As of Oct 2026, Fintech71 has witnessed 1 portfolio exit. Most notable companies in
its portfolio include Bold Penguin, Id-Pal and SteadyIQ. The program primarily supports Seed startups based in United States. Its latest investment was a $3M Seed round in SafeChain on Feb 14, 2018, which also saw participation from NCT Ventures and Revolution.
Key Metrics
Founded Year
2017
Location
Columbus, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Fintech71's List of Top Investments
Fintech71 has a portfolio of 10 companies. Their most notable investments are in Hexanika and billon.Their portfolio spans across United States, Israel, Poland and 1 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 6 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Fintech71:1. Bold Penguin
Software suite for the commercial insurance industry. It offers products for quoting and binding, customer retention, and risk data aggregation and more. It connects businesses, agents, and carriers by reducing friction in the policy buying process.
Key facts about Bold Penguin
- Founded Year: 2016
- Location: Columbus (United States)
- Stage: Acquired
- Total Funding till date: $50.1M
- Employee Count: 256 as on Sep 30, 2026
- Investors: Pivot Ventures, Tribeca ESP and 8 Others
- Latest Funding Round: Series B, Sep 23, 2019, $*****
- Highlight: Acquired

2. Id-Pal
Provider of AI-powered identity verification and compliance solutions for businesses. The company offers tools for digital identity verification, document verification, address verification, and AML screening. It provides features such as facial matching, liveness testing, and database checks. The platform aims to streamline customer onboarding, prevent fraud, and ensure compliance with regulations.
Key facts about Id-Pal
- Annual Revenue: €1M - €10M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 66 as on Sep 30, 2026
- Investors: Salesforce, Furthr and 25 Others
- Latest Funding Round: Series A, Jul 09, 2022, $*****
- Highlight: Editors' Pick
3. SteadyIQ
Provider of technology-enabled platform that provides a digital paystub solution. It offers income verification and financial stability to individuals with non-traditional employment.
Key facts about SteadyIQ
- Founded Year: 2017
- Location: Culver City (United States)
- Stage: Series B
- Total Funding till date: $24.1M
- Employee Count: 49 as on Aug 31, 2026
- Investors: Flourish, Propel Venture Partners and 7 Others
- Latest Funding Round: Series B, Jun 16, 2020, $*****
4. billon
Billon is a blockchain-based payments infrastructure for businesses and government institutions. It provides an encrypted architecture that can be integrated with the bank in the back end. It manages the bank’s use cases, client accounts, and transfers within an ecosystem of computers and phones. It features accounts & transaction management, document management, tokenization & data sharing, and more.
Key facts about billon
- Founded Year: 2012
- Location: Warsaw (Poland)
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 40 as on Aug 31, 2026
- Investors: Rising Tide Fund, DSA Investments and 10 Others
- Latest Funding Round: Grant (prize money), Dec 20, 2021, $*****
- Highlight: Editors' Pick
5. PayKey
White-label solutions for wallets. It enables banks, e-wallets, telcos, and other businesses to offer customers access to financial services, including P2P payments, balance checks, top-ups, and more. It offers solutions for money transfers, cash withdrawal, bill payments, and more.
Key facts about PayKey
- Founded Year: 2015
- Location: Tel Aviv (Israel)
- Stage: Series B
- Total Funding till date: $16.1M
- Employee Count: 23 as on Sep 30, 2026
- Investors: Demtech, Magma Venture Partners and 25 Others
- Latest Funding Round: Series B, Oct 19, 2017, $*****
- Highlight: Editors' Pick
Fintech71's Year-on-Year Investment Trends
Its most recent first time investment was in SafeChain and most recent follow-on round was in PayKey.Fintech71's Investments by Stage
Fintech71 has made 7 investments in Seed stage with an average round size of $514K and 2 investments in Series A stage with an average round size of $100K.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 2 |
Note: We have considered here, only first round of investments
Fintech71's Investments by Sector
Fintech71 has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Blockchain - Industry Applications, High Tech and Vertical SaaS. Notably, it has invested in 10 Enterprise (B2B) companies, 10 Tech companies, 9 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
FinTech | 6 |
Blockchain - Industry Applications | 2 |
High Tech | 2 |
Vertical SaaS | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Fintech71's Investments by Geography
Fintech71 has made most investments in United States (5), followed by Israel where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Israel | 1 |
Poland | 1 |
Portugal | 1 |
Note: We have considered here, only first round of investments
Fintech71's recent investments
Fintech71 has not made any investment in 2026 so far.Here are the most recent investments by Fintech71:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 14, 2018 | United States | Seed | 8191 | [+7] | |
Oct 19, 2017 | Israel | Series B | 8203 | [+10] | |
Sep 15, 2017 | Poland | Series A | 3881 | - | |
2017 | United States | Seed | 5215 | - | |
2017 | United States | Seed | 4003 | - |
Acquired companies in Fintech71's Portfolio
1 company from Fintech71's portfolio has been acquired. The most recent acquisition was Bold Penguin in Jan 2021 by American Family Insurance for $*****.Here are Fintech71's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 14, 2021 | 2017 | Seed | 3138 |
Co-investors of Fintech71
Over the past 9 years, 66 investors have co-invested in Fintech71's portfolio companies. This includes funds and angels.
- Invested before Fintech71: Startupbootcamp, Enterprise Ireland and 15 others have invested in rounds before Fintech71. There is 1 company where Startupbootcamp has invested before Fintech71 and 1 company where Enterprise Ireland has invested before Fintech71.
- Top Co-investors of Fintech71: 8 investors entered a company along with Fintech71. These include investors like NCT Ventures (1 company).
- Invested after Fintech71: A total of 41 investors have invested in Fintech71's portfolio after their investments. Top Investors include Hudson Structured (1 company) and Lightstone (1 company).
Recent News related to Fintech71
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Diverse Syndicate from Across the Country Invests $3 Million into SafeChainBusiness Wire•Feb 14, 2018•SafeChain, NCT Ventures, Revolution, Aspect Ventures and 6 others
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Two SixThirty Startups Raise $25 Million In FundingEQ•Jan 22, 2018•PayKey, BondIT, SixThirty, MizMaa and 8 others
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