NEWS: UCI-Affiliated Startup Recognized by Money20/20 USA

A startup incubating at the Cove, the home of UCI Applied Innovation has been selected to be part of the Top 100 Newest Startups by Money20/20 USA. Applied Innovation is UCI’s innovation center.

Money20/20 is a website with various geographic editions that focuses on payments, creating a forum for “visionaries and innovators from across the spectrum who are inventing new ways to spend, manage, save, borrow, share and protect money.”

It also hosts events and Alcazar, the UCI-affiliated startup, will now receive complimentary passes to Money20/20’s October event in Las Vegas, along with a chance to be chosen for the Startup Pitch, where 24 of the top 100 startups will pitch to attendees, VC’s and a “renowned” panel of judges.

Alcazar, in residence at Applied Innovation’s Wayfinder incubator, is developing a digital “robo-adviser” system. Robo advisers are digital platforms that provide automated, algorithm-driven, financial planning services with barely any human supervision.

Alcazar says its digital platform is designed to increase the efficiency of professionals in the mortgage and real estate industries by providing “pinpoint analytics and insights on client portfolios to create new business opportunities.”

The company claims that this helps brokers in these industries spend less time on the sales cycle and more time on lead generation and customer retention.

Money 20/20 is an event where the payments, fin-tech and financial services ecosystems come together to create and explore the “disruptive ways in which consumers and businesses manage, spend and borrow money,” according to its website.

Along with its VC advisory board, Money20/20 selects startups that are working to transform the future of money.

“Being selected to be as one of the Top 100 is a great boost for our team,” Jaideep Singh, co-founder of Alcazar said. “We are using the resources at UCI Applied Innovation to help us prepare for the event and make sure we are focused on displaying our product effectively.”

About The Author

Deirdre Newman is a long-time journalist, who's covered OC startups for a few years.

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