Social Lender, a lending solution based platform on social reputation on mobile, online and social community platforms has taken a step closer to winning Connecticut’s $5 million global venture challenge.
The fintech company today advanced to the semifinal stage of the 2018 VentureClash competition.
VentureClash, managed by Connecticut Innovations, is a $5 million global venture challenge for early-stage companies in digital health, financial technology, insurance technology and the Internet of Things.
The competition that has attracted nearly 300 applications from more than 20 countries around the world has Social Lender as the 34th companies selected to advance to the next round.
The CEO of Connecticut Innovation, Matt McCooe said that the application pool gets stronger and stronger for VentureClash, and this year is no exception.
“We’re extremely excited about our semifinalists this year and look forward to getting to know Social Lender during the process.”
Matt said that Connecticut Innovations is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies.
“CI provides venture capital and strategic guidance for early-stage technology companies and connections to its well-established network of partners and professionals”
VentureClash 2018 finalists will be announced on September 7, and those chosen will compete at the VentureClash finals event, to be held on October 18, 2018, at the Yale School of Management in New Haven, Connecticut.
Social Lender uses its own proprietary algorithm to perform a social audit of the users’ online, on mobile, on social media and other related platforms and give a Social Reputation Score to each user.