Submitted by Finaeo —
Finaeo has been selected as the only Canadian company to join the 2021 MassChallenge FinTech cohort. Over 325 startups from around the world applied to participate, with only 30 companies being selected to join the program.
MassChallenge, headquartered in the United States with seven locations worldwide, equips bold entrepreneurs to disrupt the status quo and to create meaningful change through dedicated programs to foster co-creation between corporates and startups.
“We’re incredibly excited to welcome Finaeo into the MassChallenge community and can’t wait to see what they accomplish with MassMutual,” said Devon Sherman, Senior Managing Director of MassChallenge Verticals. “With their innovative vision for the future of life and health insurance, Finaeo represents the creative entrepreneurship critical to the industry.”
From January to June, Finaeo will work 1:1 with their MassChallenge corporate partner, MassMutual, to tackle specific challenges facing the industry. By participating in this program, Finaeo will also gain access to industry experts and mentors, enterprise-readiness programming, and customized resources and support.
“MassMutual is excited to be partnered with Finaeo to help develop innovative solutions that can more effectively and efficiently meet the needs of clients throughout the United States,” said Charles Gray, Head of MML Insurance Agency at MassMutual.
As Finaeo looks to broaden our reach and expand our solution, participating in this industry leading program will certainly give us the opportunity to learn, develop and execute on this massive industry challenge.
Moreover, Finaeo is proud to be representing Canada on the global stage and are excited to build a global business from Canada. Our hope to inspire more startups north of the border to take a global view and build companies that can create massive impact both at home and abroad.
“We are so proud to have been selected as a finalist for the MassChallenge FinTech program and very honored to represent Canada as the only company selected from the country!” said Aly Dhalla, CEO of Finaeo “[…] We are thankful to our partners, mentors, investors and clients as we take on this next phase of our journey. It’s an exciting time!”
Finaeo is a high-growth insurtech startup revolutionizing the life insurance marketplace with an advisor-first digital platform. The diverse leadership team brings together deep industry knowledge and extensive tech experience, placing Finaeo in the #1 position to modernize the insurance industry. And with just 3 years under its belt, Finaeo is already challenging global industry standards and breaking down the barriers between advisors, clients and providers. For more information, please visit finaeo.com.