MINNEAPOLIS – ST. PAUL, Minn. – Startup accelerator, gener8tor, and two leading organizations in the insurance space, Allianz Life Insurance Company of North America (Allianz Life) and Securian Financial, announced today the five participants of the 2023 OnRamp Insurance Accelerator: 401Go, Alphathena, Tandem, Under and Uprise.
These innovative startups are transforming financial services and insurance, providing a new 401k platform for SMBs, a no-code platform to streamline financial onboarding, combination of AI and human financial advice, and tailored financial tools for modern couples. They’re also empowering institutions with AI-enhanced, personalized investing solutions, leading to a comprehensive approach to financial management and investment for customers and businesses.
gener8tor developed the OnRamp Insurance Accelerator in collaboration with Allianz Life and Securian Financial in 2019. Since then, the accelerator has conducted four successful programs with today’s announcement marking the fifth cohort of the program. These five companies were selected from nearly 500 insurtech and fintech startups from across the world that applied to the program, making the selection process extremely competitive.
“The OnRamp Insurance Accelerator is an important way for Allianz Life to support entrepreneurial growth and innovation in our industry,” said Chad Virgin, Managing Director, Allianz Life Ventures, corporate venture arm of Allianz Life. “These startups are playing a huge role in driving change and making insurance solutions more accessible to more people.”
“Securian Financial is proud to continue to support entrepreneurship, innovation and new ways of thinking in our industry by welcoming another cohort of fintech startups to the Twin Cities. We greatly value the insights we gain and relationships we build through the OnRamp Insurance Accelerator” said Jaime Proman, Second Vice President, Enterprise Strategy at Securian Financial Group, Inc.
The Minneapolis-St. Paul based OnRamp Insurance Accelerator is a hybrid accelerator, which includes both in-person and virtual elements. Each startup will receive a $100,000 investment and will work with gener8tor, Allianz Life and Securian Financial teams during the three-month accelerator. The program also provides hands-on and dedicated support for each startup, focusing on growth and scaling their impact, in addition to direct connections with experienced mentors, industry experts, corporate partners and investors.
“These startups are part of the driving transformation within insurance and financial services,” said Eddie Olson, Senior Managing Director of the OnRamp Insurance Accelerator. “Their innovative strategies and solutions are revolutionizing the landscape with their technology while introducing levels of efficiency and personalization that the market demands. We continue to experience significant industry shifts within insurance and financial services making for a very exciting time. I’m humbled to be working with such an amazing group of people.”
OnRamp Insurance Accelerator 2023 Cohort
|Dan Beck, Founder | firstname.lastname@example.org | 401GO.com|
|Sandy, UT, USA | LinkedIn|
401GO is enabling every hard working American to build the future they want through financial independence. Our human centric, advisor led platform is fully automated and affordable to the often overlooked small businesses and their employees. 401GO ignites and enables individuals’ desire to save for the future and puts them on the path to financial independence through our holistic platform that includes 401k, IRA, Brokerage and soon to be released HSA. 401GO is rated #1 in customer service with over 1,700 businesses relying on their 401k platform.
|Mohan Naidu, CEO | email@example.com | alphathena.com|
|Warrenville, IL, USA | LinkedIn | Twitter|
|Alphathena is building the next generation direct investing platform that empowers advisors and financial institutions to offer a highly personalized investment experience to their customers. Our platform enables the entire personalization lifecycle — from Direct Indexing and Automated Tax-loss Harvesting and portfolio balancing all customizable across all US equities .|
|Michelle Winterfield, CEO | firstname.lastname@example.org | usetandem.com|
|Chicago, IL, USA | LinkedIn | Twitter|
|Tandem is creating the infrastructure to capture the entire household’s financial product purchases from day 1. Relationship timelines have changed and financial products haven’t caught up. Therefore, we built Tandem to help millions of gen z + millennial couples navigate their first money milestones and ultimately their financial futures by introducing them to life-stage relevant financial products. In less than one year, Tandem has helped couples manage $40M+ of expenses, was featured as a top tech trend on the NBC TODAY Show, and has built an online community of 260k+ people.|
|Jeff Shea, Founder | email@example.com | under.io|
|Chicago, IL, USA | LinkedIn | Twitter|
|Under is a no-code software platform that helps financial services companies upgrade their onboarding capabilities with digital applications, identity management, credit underwriting and direct integrations. Under serves more than 30 financial institutions, helping them to process tens of thousands of applications. Financial Institutions rely on Under to modernize their user interface and backend infrastructure.|
|Jessica Chen Riolfi, Founder | firstname.lastname@example.org | uprise.us|
|San Francisco, CA, USA | LinkedIn | Twitter|
|Uprise is an AI-powered platform that empowers financial companies to embed fully personalized, actionable financial advisory into their offerings. Uprise works with companies ranging from fintechs, banks, credit unions, insurance providers, 401(k) and benefits providers. We enable them to build deep relationships with customers across their entire financial lives at a previously impossible scale. By pairing human experts with our technology, holistic financial advisory is now 20x more affordable and we’re on track to quadruple that in months. Today, Uprise partners with 9 financial companies, has over $350 million in assets under advisement, and was rated the #1 Personal Finance app on Product Hunt for 2022.|
gener8tor is a venture firm and national accelerator network that supports startups, founders, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate programs in more than 35 communities across 20 states. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022.
About OnRamp Insurance Accelerator
Each year, the OnRamp Insurance Accelerator, with Allianz Life and Securian Financial, invests in five insurtech startups who participate in a three-month, concierge accelerator program in Minneapolis-St. Paul (hybrid). Each startup receives a $100,000 cash investment, office space and access to gener8tor’s global network of mentors and investors.
About OnRamp Insurance Conference
The OnRamp Insurance Conference brings together the insurance industry’s leading corporations, investors and startups. The conference highlights innovations disrupting the insurance industry, the leaders making such innovations possible and how new technologies and business models will reinvent the industry.
About OnRamp Conference Series
The OnRamp Conference Series grew out of a desire to provide entrepreneurs at various stages of growth with access to high level corporate leaders and later stage investors. Started by gener8tor in 2013, OnRamp has evolved into vertical-specific events featuring conference programming and curated one-on-one pitch sessions between startups and corporate venture capital and innovation executives. OnRamp strives to be the premier gathering of corporate venture capital and innovation executives in each industry it serves.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® and one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2021, Allianz Life provided additional value to its policyholders via distributions of more than $10.6 billion. As a leading provider of fixed index annuities, registered index-linked annuities and fixed index universal life insurance, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.
About Securian Financial
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose of helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We provide insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most. For more information about Securian Financial, visit securian.com or follow us on Facebook, Twitter or LinkedIn.