Village Capital Investments Announces Investments in Two Startups: Global Data Consortium, Intrinio

May 8, 2019 (San Francisco, CA) --VilCap Investments, a venture capital fund affiliated with Village Capital, announced today that it has made investments in two early-stage financial technology startups: Global Data Consortium and Intrinio.

“Our most recent fintech investments focus on data gaps that impact global financial systems,” said Victoria Fram, Managing Director, VilCap Investments. “With these two investments, we are supporting the democratization of technical tools and innovation that promote financial inclusion - through electronic consumer identity verification and online financial data feeds.”

Global Data Consortium and Intrinio were selected for investment by a group of peer entrepreneurs on the final day of Fintech US 2018: FinData, a four-month venture development program managed by Village Capital in collaboration with PayPal, BNY Mellon, and Middle Game Ventures. The twelve entrepreneurs in the program evaluated each other through an investor lens, using eight specific investment criteria that leverage Village Capital’s Abaca Pathway, and Global Data Consortium and Intrinio were ranked “most investment ready”. The two companies are focused on the following:

• • • Global Data Consortium (Raleigh, North Carolina) – provides a single platform for global electronic identity verification leveraging the best, in-country reference data in more than 50 countries to comply with global Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
    • Intrinio (St. Petersburg, Florida)- an online financial data intelligence platform that democratizes access to over 300 financial data feeds.

Fintech US 2018: FinData was Village Capital’s fourth US-based program designed for seed-stage startups harnessing financial data to make financial services more accessible, affordable, and transparent. At each workshop, the entrepreneurs were introduced to investors and mentors who offered them strategic advice and feedback. Entrepreneurs who complete a Village Capital program raise 173% more capital and generate 28% more revenue than a control group.

The full list of companies in the Fintech US 2018 cohort were:

• • BrightHive (Chicago, IL) helps social services and other organizations combine and analyze their data to measure and share outcomes through a multi-party data management platform.

• • Distilled Analytics (Cambridge, MA) helps financial institutions validate, qualify, and authorize their users through machine learning and “predictive identity.”

• • Distributed ID (Toronto, Canada) is the financial data gateway for open banking, enabling compliant data sharing without leveraged logins or screen scraping.

• • DocumentationHQ (Dublin, Ireland) simplifies the client due diligence process for businesses, financial institutions, accounting, and legal firms.

• • Elsen (Boston, MA) enables anyone at large financial institutions to effortlessly harness vast quantities of data to make better decisions and quickly solve the most complex problems.

• • Fincura (Boston, MA) helps commercial lenders make faster and smarter lending decisions.

• • Global Data Consortium (Raleigh, NC) provides a single platform for global electronic identity verification leveraging the best, in-country reference data in more than 50 countries to comply with global Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• • Intrinio (St. Petersburg, FL) is an online financial data intelligence platform that democratizes access to over 300 financial data feeds.

• • LionX (San Francisco, CA) is a FinTech platform for people to control and share their financial information.
  • Mira Financial (New York, NY) is reinventing life insurance using technology and big data, with a unique focus on the specialty risk population.
  • Pairity (New York, NY) uses artificial intelligence to address the growing consumer debt crisis.

• • Treasure (Santa Monica, CA) makes it easy for small businesses to maximize their cash flow by automatically finding and investing idle capital.

For more information, reach out to Rustin Finkler at Village Capital (rustin.finkler@vilcap.com)

About Village Capital 

Village Capital helps entrepreneurs bring big ideas from vision to scale. Our mission is to reinvent the system to back the entrepreneurs of the future. Our vision is a future where business creates equity and long-term prosperity. Since 2009, we have supported more than 1,000 early-stage entrepreneurs through our investment readiness programs. Our affiliated fund, VilCap Investments, has invested in more than 100 program graduates, including 8 early-stage US fintech companies like Vault, Fig Loans, and Finix.