SwipeSum Participating in Selective INV Fintech Startup Cohort

INV Fintech is a startup accelerator whose partners include Fiserv, BMO Harris Bank, TIAA, City National Bank, and State Employees’ Credit Union. Each year, INV Fintech chooses 10 startups from around the world to participate in their five-month accelerator cohort. Selected startups gain access to exceptional mentorship, a large media presence, a robust network of 50+ alumni and financial institutions, and deals from INV Fintech’s API partners including AWS and Google Cloud.

In June 2020, SwipeSum was accepted into the 9th class of INV Fintech's accelerator cohort for their work on Staitment, an AI-powered credit card processing statement reader that automatically generates proposals for users.

Through this opportunity, SwipeSum hopes to gain more recognition for Staitment among the larger financial institutions associated with INV Fintech, including Fiserv and BMO Harris Bank. SwipeSum’s goal is that Staitment is adopted by these major brands and accelerator partners.

At the end of the accelerator cohort, SwipeSum hopes that Staitment will evolve into a full sales-enablement software for acquirers, ISOs, Banks, ISVs, and sales agents. Staitment will soon be able to manage all presale communication, analyze statements, create cost-comparison proposals, and act as a Customer Relationship Manager (CRM).

In the “new normal” of automated business in 2020, SwipeSum built a sales enablement platform for the payments industry with the intention of revolutionizing payments processing statement reading as the industry knows it. Being accepted into INV Fintech’s startup accelerator cohort is the first step in accomplishing this mission.

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