Smartria selected for largest cohort of Charlotte-based RevTech Labs
Knoxville-based Smartria® has been selected as a member of RevTech Labs‘ 17th fintech and insurtech cohort which also happens to be the Charlotte-based program’s largest group.
“Major insurance companies are consistently becoming more involved in the Registered Investment Advisor (RIA) space as a significant channel growth strategy for selling their products,” said Mac Bartine, Smartria’s Chief Executive Officer. “Combined with Smartria’s continuing growth in enterprise compliance management, that growing insurance industry involvement creates an exciting opportunity for Smartria to grow.”
The latest cohort for the hybrid program includes 13 start-ups from around the world that offer a range of solutions across both the financial and insurance industries. According to the news release announcing the cohort, the RevTech Labs team connected with close to 4,000 companies from around the world, narrowing the numbers down to 61 through an internal screening process and selecting 13 final companies after hosting a “Selection Week” with program partners and sponsors.
When it was first launched, RevTech Labs offered the twice-a-year program on-site in Charlotte, but has shifted to a hybrid platform.
As noted in previous teknovation.biz articles, Smartria is a compliance Software-as-a-Service platform for financial services, initially targeting RIAs. In late June, we posted our most recent update (click here) after the company secured a strategic investment from The Compound Capital Fund I LP. Managed by AngelList Advisors LLC, the fund invests directly in technology companies serving RIAs.
You may have also noted a new logo from the company. In an email exchange, Bartine explained, “As we move outside the RIA space exclusively, we needed to have a more generic brand. Smartria was an easy switch and a good name.”