Sound Credit Union and UWT announce FinTech Incubator winner – The Suburban Times

by James · July 19, 2022

Press release from Sound Credit Union.

TACOMA, wash. – Sound Credit Union (Sound) in collaboration with the Milgard Center for Business Analytics at the University of Washington Tacoma (UWT), announced Gaganjeet Singh and Arshdeep Mann as the winners of their FinTech Incubator Challenge. Singh and Mann are the founders of Incogify LLC, a company that aims to simplify insurance purchases by using a Software as a Service (SaaS) application (app).

In 2021, Sound and UWT created a competition seeking financial technology (FinTech) innovators interested in creating financial tools to help consumers build confidence in their financial decisions, while building a more affordable life. This year, Incogify was selected as the winner of the challenge after presenting its app designed to simplify shopping for insurance and protect consumers’ personal information to provide a truly anonymous shopping experience.

“Nobody likes to spend hours buying insurance every few months or years, and nobody likes spam,” said Arshdeep Mann. “Incogify offers protection for a user’s sensitive personal information; protects consumers’ privacy and provides a seamless shopping experience. We create an AI-powered car comparison tool to help consumers shop for insurance, and help them feel more secure in their purchasing decision without unwanted spam. “e-mails and phone calls. Our hope is that when you use Icogify, consumers will never have to buy insurance again. Our technology will automatically shop for them before their next renewal and give them the best possible value.”

The finalists in the competition presented their concept to a panel of judges. This panel was composed of representatives from the Sound Executive Management team, UWT executives and community partners, Quincy Henry – co-owner and Chief Experience Officer at Campfire Coffee, Dennis Joyce – Tacoma Venture Fund’s, Investment Director and Gilad Berenstein, founder of Brook Bay Capital , LLC.

“The feedback and trust in our product was very motivating, and being able to participate in this challenge has really helped us with our vision for Incogify. We would like to express our gratitude to Sound, UWT and its partners, as this was a wonderful experience for us. The support will help us make our idea a reality. We look forward to working with CoMotion Labs to further develop our idea, “said Gagan Singh.

This year’s winners received $ 10,000 in total cash prizes from Sound and a renewable 6-month membership for CoMotion Labs in Seattle. “We are excited to partner with Sound again this year to discover and activate the next generation of FinTech entrepreneurs in our region. Incogify will benefit greatly from the financial support from Sound and from the startup resources of UW CoMotion Labs,” said Michael Helser, Ph.D., Assistant Director, Milgard Center for Business Analytics at UW Tacoma.

“One of our top priorities in Sound is to provide our membership with the tools and resources needed to improve financial health and membership experiences,” said Nancy Sternitzky, SVP / Chief Information Officer, Sound Credit Union. “We enjoyed learning more about Icogify. We feel that Gagan and Arshdeep have a great concept. We are eager to see the next phase of their app and how consumers can benefit from using the tool itself.”