Apply | MassChallenge FinTech 2021

MCFT21 FAQs

What can I expect to get out of MassChallenge FinTech (MCFT)?

MCFT sets you up with meaningful partnerships– we’ve done the work and research to identify the most driven, informed change-makers in our partner organizations. We will work alongside you to facilitate those relationships and hit your milestones, so that you can capitalize on goals such as product validation, co-development, customer connections, and strategic investments. As a bonus, we provide equity-free program stipends, access to industry experts, and more.

Am I eligible?

It’s all about fit. General guidelines are less than $10M in total equity financing and less than $10M in revenue in the past 12 months. Note these are guidelines, not firm requirements. We know that entrepreneurs of all kinds can solve these massive challenges, and the startups that thrive in MCFT are “enterprise ready.” Enterprise-ready startups have the experience necessary to hit the ground running on day 1 of the program. Typically this means they have some traction in the market and a customer base, but early startups led by industry veterans can also be successful in MCFT.

Do I need to be based in Boston?

No, we accept applications from startups around the world, and we are fully prepared to conduct the program virtually if necessary due to COVID-19. Participation in the program requires at least 1 representative from your team at all 3 major touchpoint events (January, March, and June), as well as regular check-ins with MCFT team members. Any travel should be determined by you and your MCFT partner(s).

What does a typical day look like during MCFT?

MCFT is not your traditional accelerator. Our focus on partnerships means that most of your time spent in our program will be focused on building your relationship with your partner(s) while you continue to run your business. That being said, we’re a firm believer in continual growth-–so you’ll be introduced to experts in financial services, law, compliance and regulation, and technology throughout the program. Consider MCFT a dedicated resource throughout the 6-month program and beyond.

I'm interested in the partners, but what if I don't see a challenge that fits my business?

If you’re a startup solving issues in financial services (broadly defined), we encourage you to apply. We know that many of our partners are facing more challenges than they even realize, and that you, as innovators, are working to solve problems that they haven’t anticipated yet. You may work with multiple partners, too. This collaboration is the key to the future of financial services, and we want you involved.

How to Apply

1. Register here by creating your user profile

2. Create your startup profile

3. Submit the application fee or enter credit code to waive fee

4. Complete and submit your application

About MassChallenge FinTech

Launched in 2018, MassChallenge FinTech accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation. MCFT firmly believes that startups and incumbents can accomplish more together than they can alone, and we’re dedicated to transforming financial services through our results-focused, collaborative model.

Program Benefits

Results-driven partnership with one or more industry leaders
Growth support and in-kind resources
Tailored deep-dive sessions with industry experts to strengthen your enterprise-readiness as you scale
Equity-free program stipends, expert mentorship, and direct access to the Boston fintech and finserv ecosystem

Learn more about our 2020 impact here.


See MassMutual's 2021 Challenges	See Fidelity Investments' 2021 Challenges	See John Hancock's 2021 Challenges

See Citizens Bank's 2021 Challenges	See Putnam Investments' 2021 Challenges	See AARP's 2021 Challenges

See Columbia Threadneedle Investments' 2021 Challenges	See City of Boston's 2021 Challenges	See KPMG's 2021 Challenges

See BayCoast Bank's 2021 Challenges