Ten Startup Companies Selected for Global FinTech Accelerator - Empowered by FIS
May 11 2017 - 8:30AM
Business Wire
Key facts
- FIS and The Venture Center announce the 10 startups selected to
take part in the 2017 VC FinTech Accelerator, empowered by
FIS.
- Each company will receive in-depth mentoring and feedback from
FIS executive leadership along with a monetary investment.
- The second year of the VC FinTech Accelerator program draws
nearly 300 applicants from 40 countries.
FIS™ (NYSE: FIS), a global leader in financial services
technology, and The Venture Center have announced the 10 startup
companies selected to participate in the 2017 VC FinTech
Accelerator, now in its second year.
Arkansas Gov. Asa Hutchinson, U.S. Rep. J. French Hill, FIS
President & CEO Gary Norcross, The Venture Center President and
CEO Lee Watson and other community leaders were in attendance to
meet this year’s participants at a kickoff event held yesterday at
The Venture Center.
The 2017 program received 295 applications from startup
financial technology firms across the United States and 39 other
countries. The 10 chosen startups are:
- Alpharank - San Francisco
- Alto IRA – Nashville, Tenn.
- Bond.ai – New York City
- eGiftify – Little Rock, Ark.
- Hedge Hog – Detroit
- HTC Mobile Apps – Austin, Texas
- Omnetrium – Chicago
- Quotanda – Mexico City
- WalletFi – Chapel Hill, N.C.
- Xplanr – New York City
The selected companies will participate in a rigorous 12-week
program designed to accelerate the development of their financial
innovations. Each company will receive in-depth mentoring and
training from FIS and The Venture Center as well as a monetary
investment.
“FIS has always been about applying advanced technology to the
real-world challenges facing our clients,” said Gary Norcross, FIS
president & CEO. “This program is a great example of how we are
harnessing the spirit of entrepreneurship with the power of applied
innovation to bring breakthrough products and services to our
clients. Together with the state of Arkansas and The Venture
Center, we are helping to develop and foster innovations that will
make a difference for financial institutions around the world.”
The VC FinTech Accelerator, empowered by FIS, is focused on
identifying and accelerating the development and growth of
early-stage financial technology ventures.
“We are excited to continue this collaboration with FIS to
facilitate the development and potential growth of these
companies,” said Lee Watson, The Venture Center CEO. “Together, we
provide FinTech startups with proven go-to-market training, C-suite
level mentorship and access to top financial institutions.”
Following the 2016 program, six companies were selected to join
the exclusive FIS HiPo Network, and two companies relocated their
headquarters to Little Rock.
The 2017 program will culminate with a Demo Day on July 26 at
the Clinton Presidential Library, where leaders from each of the
participating firms will showcase their innovations to potential
investors, regional and local community leaders and successful
entrepreneurs.
About The Venture Center
The Venture Center is Little Rock, Ark.-based entrepreneur
support organization that helps startups become viable, high-growth
businesses. With the expertise of a world class team of mentors,
intensive programming and introductions to the investor community,
The Venture Center serves as an engine for economic growth in
Central Arkansas and beyond. In the first two and a half years, The
Venture Center’s member companies have created more than 280 jobs,
generated $12 million in revenue and have raised a combined $19
million in capital. For more information, visit
http://www.venturecenter.co.
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, consulting, and outsourcing
solutions. Through the depth and breadth of our solutions
portfolio, global capabilities and domain expertise, FIS serves
more than 20,000 clients in over 130 countries. Headquartered in
Jacksonville, Fla., FIS employs more than 57,000 people worldwide
and holds leadership positions in payment processing, financial
software and banking solutions. Providing software, services and
outsourcing of the technology that empowers the financial world,
FIS is a Fortune 500 company and is a member of Standard &
Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.
To learn more about the program, visit http://www.vcfintech.co
or follow us on Facebook (http://www.facebook.com/vcfintech) or
Twitter (http://www.twitter.com/vcfintech).
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version on businesswire.com: http://www.businesswire.com/news/home/20170511005371/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.comorJennifer
Thompson, 501.404.9875Director of Marketing & CommunicationsThe
Venture Centerjennifer@venturecenter.co
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