News

A Montgomery-based insurance technology startup is adding to its C-suite months after the company completed an eight-figure capital raise.

Financial technology is a broad term. It encompasses just about anything involving finances, which touches any number of industries. But for entrepreneurs in Cincinnati, home to financial institutions like U.S. Bank and Fifth Third, that broad industry provides a world of opportunities.

Tokenism, which aims to increase access to real estate investing through technology, will soon be known as Akru, officials announced this week. The full rollout of the new brand is expected to take place March 25 at the upcoming Security Token Summit, where founder and CEO Mohsin Masud is slated to speak.

Honeycomb, whose crowdfunding platform allows small businesses to borrow money directly from their own customers, just closed a $1.75 million seed.

Finix, which previously dubbed Cincinnati a “second HQ,” announced Wednesday the hiring of three C-suite executives from leading Bay Area companies, while also creating an avenue for 80 Black and Latinx investors to participate in the company’s latest round.

When Cincinnati payment processing entrepreneur Ryan Rybolt helped launch Payload a year ago, he and his co-founder planned to embed payment processing into companies’ software but, early this year, the leaders of Blue Ash-based Payload hit on an idea that has quickly paid off.

Pay Theory, a Cincinnati-based family tech company that provides payment solutions for school districts, childcare, and families, is proud to announce that Brad Hoeweler, its CEO, has been tapped as an advisor to Fintech Frontier.

A Greater Cincinnati insurance technology startup keeps adding to its fundraising total. Coterie Insurance has brought in an additional $11.5 million in Series A-1 funding, the Montgomery-based firm announced in a release. That brings the two-year-old company’s fundraising total to $25 million.

Honeycomb Credit, which facilitates crowdsourcing loans for small businesses, beat out eight other companies – including four from Cincinnati – to take the top prize in the contest, held during StartupCincy Week Oct. 29.