Meet the new graduates from H2 Ventures’ Accelerator program
Among the 15 new startups to pitch in Sydney were MoneyLoop, Walnut Exchange, FloodMapp and Bravi.
The latest graduates of H2 Ventures' 20-week in-house Accelerator program took to the stage to pitch their businesses on Thursday in Sydney. H2 Ventures is a leading venture capital firm which has invested in more than 50 startups and more than 100 founders in the fintech, data and artificial intelligence (AI) space. Previous startups to receive investment from the venture capital firm include leading online investment platform Stockspot and kids banking tool Spriggy.
The new cohort of startups explored a range of sectors, from cryptocurrency and micro-investing to furniture and using AI to improve your sexual health. I went along to the H2Expo to hear their pitches and meet the teams; here's a bit about each of the 15 new graduates.
MoneyLoop provides consumers with an interest-free finance solution when they need to make a claim with their insurer. Rather than having to take out a pay-day loan with a high interest rate in order to cover the excess on your insurance claim, MoneyLoop will pay the excess to your insurer for you and allow you to pay them back over two months interest free.
With cryptocurrency still a relatively new sector, the industry is riddled with scams. Plus there's so much media hype around the price movements and predictions for cryptocurrency, half of which is simply spam and bots, it's incredibly hard to know which information to trust. Kosmonotes is an online platform that sifts through all this information, analyses whether or not the information is from a credible source and produces sentiment analysis charts in real-time, to help traders make more informed decisions.
FloodMapp is a flood prediction and flood warning tool that aims to reduce losses to property and even save lives. Currently, people in flood prone areas need to manually check Facebook and news updates to see the status of a flood in their area. These updates are also too vague, as they cover a large area or catchment. FloodMapp uses real-time data to produce interactive flood maps which you can zoom into to see individual properties in proximity to the flood. Plus, it can send personal alerts to residents in real time, via text message or email.
As founder of BookHop Rommero Carrillo said during his pitch, "textbooks are bloody expensive". The platform BookHop buys second-hand textbooks from students and resells them to others. This saves students time trawling through peer-to-peer marketplaces like Gumtree trying to sell their textbooks, and having to deal with the painful admin of communicating with a number of potential buyers all negotiating their price. BookHop says because of the rise in trimesters, rather than semesters, it can resell a textbook up to eight times.
Nestd operates like a digital buyers agent, producing automated financial advice for property buyers. Currently, property research is time-consuming and expensive. The Nestd platform provides highly detailed property data based on your personal budget and search criteria, and negotiates on your behalf.
Finhay is a micro-investment platform for South East Asia. The platform works in a very similar way to that of Raiz or Spaceship Voyager. The platform will allow consumers in Vietnam to invest from as little as AUD$3. Finhay has an aggressive growth target of 6% per week, plus plans to release a new app update to the app store each week also.
If you've ever moved and tried to buy or sell your furniture on sites like Gumtree or Facebook Marketplace, you'll know first hand how much admin goes into selling just one item. Furnys is an app that enables you to sell bundles of items in one go, rather than piece by piece. For example, you could sell a kitchen bundle with all your kitchen supplies, or a bedroom bundle with your bedroom furniture. The app also stores what you've bought yourself, so when it's time to sell you already have the images and product descriptions there ready to go.
This software uses data to produce a skills mapping tool which employers can use to help their staff re-skill, and educators can use to ensure their students are developing the skills required for the workforce. The skills map can also provide employees with a more insightful overview of their skills, and their career path options.
RightCourse is a comprehensive course comparison tool, aimed at international students deciding what to study in Australia, and at which university. The platform provides unbiased information on the different study options available, with advanced filtering features and reviews from real students.
This product allows customers to bid for items when shopping online, giving them the opportunity to offer the retailer a price that suits them. This is a win-win for consumers and retailers. Consumers get a better price, and retailers can clear stock faster and convert customers who are on the fence about an item.
Tilly is an app that allows users to purchase an item in-store without visiting the checkout. A user can scan an item in the store to see the product details and price, and pay for the item within the app before leaving the store. No more waiting in line at the check out to pay for something, or looking for a staff member to check the price of an item that's missing its price tag.
Did you know around half of couples that break up do so due to sex-related issues? Bravi is an app that uses AI to improve your sex life. The app asks both people in the relationship a series of questions via an interactive questionnaire, for example: "How good are you at multitasking?" Neither person sees what the other answers, instead the app pools both sets of responses together and provides a range of solutions and ideas based on the joint responses.
The platform automates the mortgage application process, with a goal of offering five-minute mortgages. The platform cuts out the paperwork and unnecessary back-and-forth between buyers and brokers to offer a streamlined process that benefits both parties.
This product enables anyone to build a fully-functioning app on their phone within just two minutes. The app can be built to suit your personal needs and a range of use cases, from transport and logistic professionals to scientists and researchers.
This is a peer-to-peer money transfer service that saves consumers money on expensive currency exchange rates and transaction fees. The platform matches two strangers in the same country who are wanting to send and receive the same amount of money, so there is no unnecessary cross-border exchange required.
Take a look the last round of startups to graduate from the H2 Accelerator here.
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