December 14th, 2017

XTC Announces Ally Ventures & Plug and Play as Joint Sponsors for FinTech Vertical and Official Event Sponsors

With the world’s largest startup competition drawing near, Extreme Tech Challenge (XTC) is proud to announce Ally Ventures & Plug and Play as joint sponsors for the FinTech vertical in addition to running an XTC FinTech competition with the best FinTech companies from XTC. The winner of the FinTech contest will have the opportunity to present on-stage at the CES Semi-Finals! This exciting competition will unfold in the startup hub of Silicon Valley at Plug and Play, this December 18th, 2017.  

Through their global innovation platform, Plug and Play has been connecting startups to corporations and continue to invest in over 150 companies every year, since their inception in 2006. Cultivated in the heart of the Silicon Valley, startup companies are given the necessary resources to succeed, providing entrepreneurs with an intensive platform to scale their business. By hosting more than 365 networking events annually, which includes 6,000+ startups and 180 corporate partners, Plug and Play has created the ultimate startup ecosystem across several industries. Plug and Play’s current portfolio includes global companies, Danger, Dropbox, Lending Club, PayPal, SoundHound and Zoosk.

On their involvement in XTC 2018, Plug and Play founder Scott Robinson says:

“As a global innovation platform we strive to see our startups succeed and connect them to world leading corporations that place innovation in the heart of their strategy. The Extreme Tech Challenge is the perfect environment to meet top tier startups and we’re thrilled to be a part of it.”

Co-sponsor Ally Ventures is the strategic investment division of Ally Financial, a leading digital financial services company with a robust portfolio of offerings for consumers, businesses, auto dealers and corporate clients. Ally Ventures is focused on identifying new technologies and developing relationships with startup companies and entrepreneurs. Ally Ventures helps companies grow through investment, commercial relationship and mentorship, with an array of resources to ensure business success.

On their involvement in XTC 2018, Peter Greene, Managing Director, Corporate Strategy and Head of Ally Ventures said:

“Ally is a company that is highly focused on technology and innovation, so we are proud to be supporting XTC 2018 and helping to bring together some of the world’s brightest minds in this tremendous competition. As we continue to enhance our products and services, and diversify and expand our offerings, it’s important to continuously evaluate the new business models and ideas that will shape the future of financial technology.”

Reflecting on this groundbreaking joint sponsorship, XTC CO-Founder, Bill Tai says: “It is extremely exciting to have two fantastic sponsors collaborate together to create a FinTech competition and sponsor XTC. Plug and Play epitomizes what XTC is about, connecting start-ups to corporations and is a true driving force for innovation. This is shown with the joint sponsorship with Ally, an incredible company renowned for leading the way in Financial Services technology and continually differentiating.”

About Ally Ventures

Ally Ventures is Ally Financial’s investment arm focused on identifying key strategic start-ups for both investment and to enhance or diversify our company’s core capabilities. Continuing to grow Ally as a leading digital financial services company is our number one goal. For more information visit

About Ally Financial Inc.

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally’s legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (Ally Bank Member FDIC, Equal Housing Lender) offering deposits, credit card and home loan products, one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.

The company had approximately $164.0 billion in assets as of September 30, 2017. For more information, visit the Ally press room at or follow Ally on Twitter: @AllyFinancial.

About Plug and Play

Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.​​