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SixThirty invests in 3 new firms, doubles down on 3 others

SixThirty invests in 3 new firms, doubles down on 3 others

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SixThirty announced six investments in financial technology firms Tuesday, but only three of them are new to the accelerator program.

The other three joined SixThirty last fall and will be back for a second stint, including a second investment of $100,000 in each.

The returning companies are Davo Technologies of Portland, Maine, which automatically collects and files sales tax for merchants; New Constructs of Nashville, Tenn., which combs through securities filings to find red flags for investors; and Public Funds Investment Tracking and Reporting of St. Louis, which provides accounting and analytics for government money managers.

SixThirty is making new investments in Bandura, a St. Louis cyber security company; FinLocker, a St. Louis company that gathers financial information electronically to speed the mortgage application process; and Rippleshot, a Chicago company that says it can detect payment-card data breaches.

Bandura, an offshoot of TechGuard Security, moved to St. Louis from Baltimore this year. Its founders are Suzanne Magee and David Maestas. FinLocker's founders are Peter Esparrago, a veteran of several technology companies, and Tim Stern and Barry Sandweiss, who co-founded the Lenders One mortgage cooperative.

SixThirty was launched in 2013 as the first accelerator program specializing in financial technology companies. It invests $100,000 in each company it selects and brings the founders together for four months of mentoring and introductions to St. Louis financial-services companies.

Atul Kamra, managing director, said the latest investments were chosen from among nearly 100 applicants.

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