- Program will provide capital and consulting services to finance, technology companies with positive social impact
- First two companies have received more than $250,000 in capital, consulting
Vested, a new communications agency for a new financial industry, today announced the launch of Vested Ventures. This new division of Vested will make strategic investments in and provide communications services to startup companies in the finance and technology space.
Vested Ventures made its first capital investment in an artificial intelligence company, Remesh, that uses machine learning, artificial intelligence and natural language processing to help companies including financial institutions better understand their customers and key constituents by allowing organizations to instantly gather, rank, and filter the collective opinion of crowds. By combining elements of crowdsourcing, machine learning, and qualitative market research, the Remesh platform enables users to have a conversation with a group of people as if it were one person, in real-time.
“Vested Ventures will create strategic, long-term partnerships with companies that create a positive impact, whether that be by promoting financial literacy, helping bring underbanked people into the financial system or promoting transparency in financial services," said Dan Simon, CEO of Vested and a mentor at Techstars, Barclays’ startup accelerator.
He continued, “Remesh is a revolutionary technology platform that helps companies including major financial institutions better understand the needs of its customers. The firm has enormous disruptive potential, a stellar founding team and an important industry impact, and we are thrilled to help them grow.”
Another successful Vested Ventures company is SPARE, an app that helps people automatically round-up their dinner bills to feed the hungry.
Vested Ventures is accepting rolling applications and interested startups can apply at vested.ventures/apply. Y Combinator and Techstars graduates are encouraged to reach out.
After review, qualifying companies may receive the following support and services:
- A direct seed investment in the firm
- Pro-bono branding, marketing and growth hacking solutions
- Connections with Vested Ventures’ extensive network of fintech VCs, incubators and partners
- A combination of the above
“Vested Ventures’ unparalleled network in the space combined with a capital investment has already been transformative in the way we think of our branding and business goals,” said Andrew Konya, co-founder and CEO of Remesh. “We have gained an invaluable long-term partner that adds daily value to our business.”
Vested is a new strategic communications firm for a new financial industry. The agency’s integrated approach merges deep, institutional expertise in finance and technology with creative and dedicated people to deliver strong results to clients.
The firm operates an investment practice called Vested Ventures and is a founding member of the Global Fintech PR Network.
Vested Ventures’ strategy is to create long-term partnerships via equity positions and consulting services with startups that complement the agency’s current client base, which consists of transformative companies that operate across the financial services industry, and to help those companies grow by using the agency’s expertise in strategic communications. Vested Ventures was founded and is run by a team of veteran financial communications consultants at New York-based firm Vested.