Intuit Announces the Second Cohort of the Intuit Prosperity Accelerator: AI
October 14 2021 - 06:21AM
Business Wire
Seven AI-focused North American startups to join effort to
inspire innovations that power prosperity for consumers and small
businesses
Intuit (Nasdaq: INTU), the global technology platform that makes
TurboTax, QuickBooks, Mint, and Credit Karma, along with Highline
Beta, a venture studio and venture capital firm, today announced
the second cohort of the Intuit Prosperity AcceleratorTM: AI. This
announcement follows the recent launch of Intuit Ventures, further
evolving the company’s strategy to drive future innovations by
supporting early to mid-stage startups.
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the full release here:
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The second cohort is comprised of seven early-stage startups
from top technology hubs including San Francisco, New York, Toronto
and Montreal. These companies were selected based on their ability
to leverage artificial intelligence (AI) to create solutions that
help consumers and small businesses overcome financial challenges.
Like the startups from the inaugural program in 2020, these
companies share Intuit’s value of being mission-driven.
Additionally, they focus on customer obsession to deliver
innovative products, ideas, and results.
“The rise of AI is fundamentally reshaping our world and as
global economies continue to reopen, Intuit is committed to
accelerating industry innovation,” said David Marquis, Country
Manager at Intuit Canada and executive sponsor of the Intuit
Prosperity Accelerator. “It takes a community to tackle a big
problem, which is why we’re excited to bring together this
promising group of AI innovators who share Intuit’s mission of
powering prosperity around the world.”
In an effort to fuel their growth and spur industry innovation,
Intuit will partner with the cohort over a five-month period. We
will coach them, provide product and technology expertise and
connect them to Intuit’s existing consumer and small business
customers.
“We’re thrilled to be teaming up with Intuit to welcome these
seven innovative founders and startups to this year’s program,”
said Hussam Ayyad, Chief Accelerator Officer at Highline Beta. “The
cohort addresses a wide variety of pressing challenges related to
marketing, customer engagement, financial audit, consumer credit
building and more. We’re ready to help accelerate their growth and
amplify their impact.“
Meet the Cohort:
Adaptive Pulse (Waterloo, ON) helps businesses keep a
pulse on every customer while predicting and prioritizing their
retention efforts, reducing churn and increasing revenues.
Aphrodite (San Francisco, CA) is a plug-n-play data
analytics platform intended to help users drive revenue by
providing financial clarity and data-driven insights to small
businesses.
Bankuish (New York, NY) is a marketplace that provides
gig workers and freelancers a simple way to access affordable
banking.
Beam.city Inc (Toronto, ON) is an advertising automation
platform that helps businesses optimize their performance and
skyrocket profits automatically.
Boom (New York, NY) is on a mission to level the playing
field for the 110 million renters in the US by making housing more
flexible, affordable, and attainable.
QuoteMachine (Montreal, QC) is a software that brings
humans back to digital commerce by helping independent retailers
close more deals through simplified and personalized sales
processes.
Stamped AI (Quebec City, QC) is an AI platform that
streamlines and automates accounting data certification, making
small businesses year-end ready, all year round.
The Intuit Prosperity Accelerator: AI is a five-month-long
initiative, in which the selected startups will work with Intuit
and Highline Beta teams to identify and test growth opportunities
using Intuit’s design thinking methodology, Design for Delight
(D4D). The cohort will also have access to an exclusive network of
mentors, investors and founders as well as the opportunity for
follow-on investment from Highline Beta.
For more information on the program, visit:
www.intuit.com/ca/prosperity-accelerator.
About Intuit: Intuit is a global technology platform that
helps our customers and communities overcome their most important
financial challenges. Serving approximately 100 million customers
worldwide with TurboTax, QuickBooks, Mint and Credit Karma, we
believe that everyone should have the opportunity to prosper. We
never stop working to find new, innovative ways to make that
possible. Please visit us for the latest information about Intuit,
our products and services, and find us on social.
About Highline Beta: Highline Beta is a venture studio
and venture capital firm helping big companies grow outside of
their core through organic venture development and inorganic
startup partnerships. Highline Beta is Intuit’s partner in the
Intuit Prosperity Accelerator. Highline Beta designs, executes, and
oversees the program, as well as advises on the selection of
startups to participate. Learn more at Highline Beta.
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version on businesswire.com: https://www.businesswire.com/news/home/20211014005329/en/
Nora Hickey, Edelman Canada (for Intuit) nora.hickey@edelman.com
705-772-6672
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