Applications Open for 2018 VC FinTech Accelerator Sponsored by FIS and State of Arkansas
January 10 2018 - 8:00AM
Business Wire
Key facts
- Ten FinTech startups will receive in-depth mentoring and
feedback from FIS executive leadership along with a monetary
investment.
- The deadline for applications to the 2018 VC FinTech
Accelerator is Feb. 5.
FIS™ (NYSE: FIS), a global leader in financial technology and
services, in collaboration with the state of Arkansas and Little
Rock-based The Venture Center (VC), announced today that
applications are open for the 2018 VC FinTech Accelerator
program.
Now in its third year, the VC FinTech Accelerator seeks to
accelerate the development and growth of early-stage financial
technology ventures. Ten startups will be selected to participate
in a rigorous 12-week program in Little Rock starting on April 30.
In addition to monetary investment, each VC FinTech Accelerator
participant will receive in-depth mentoring and training from FIS
and The Venture Center as well as personal access to the FIS
C-suite and senior leaders.
“FIS is proud to sponsor the VC FinTech Accelerator program
again in 2018,” said Gary Norcross, FIS president and CEO. “The
Accelerator is part of our broader innovative strategy of investing
in and bringing to market disruptive new technologies to help our
clients unleash innovation in their organizations. We look forward
to discovering a new set of potentially game-changing innovations
in this year’s participant class.”
The 2017 program received 295 applications from startup
financial technology firms across the United States and 39 other
countries. Benefits for numerous past participants include:
- Reseller and investment agreements with
FIS
- Endorsement by the American Bankers
Association
- Raising a combined $20 million in
follow-on capital after completion of the program
- Finovate “Best of Show”
designation
Key focus areas of previous participants included artificial
intelligence, blockchain, regulatory, wealth and advanced
analytics. Some of the most successful companies also have been
selected for the FIS HiPo Network, a collection of high-potential
firms that develop innovative tools and technologies to better
enable financial institutions around the world.
Applications for the 2018 program will close on Feb.
5.
“We are excited to continue this collaboration with FIS to
facilitate the development and growth of financial technology
startups,” said Wayne Miller, managing director of the FinTech
Accelerator at The Venture Center. “Among financial technology
accelerator programs, the VC FinTech Accelerator stands out by
providing real-world training and mentorship from FIS and The
Venture Center, along with the ability to tap into FIS’ global
network. Additionally, The Venture Center brings to the table
hundreds of relationships with industry experts, banks from coast
to coast, and officials at governmental and regulatory bodies.”
FinTech startups can apply to the 2018 VC FinTech Accelerator at
www.f6s.com/vcfintech/apply.
To learn more about the VC FinTech Accelerator, visit
www.venturecenter.co/vcfintech.
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, 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 53,000 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.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
About The Venture Center
The Venture Center helps entrepreneurs turn their start-ups into
viable, high-growth businesses. By leveraging 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 three years, The Venture Center’s member companies have
created more than 445 jobs, generated $28 million in revenue and
have raised a combined $39 million in capital. For more
information, visit http://www.venturecenter.co.
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version on businesswire.com: http://www.businesswire.com/news/home/20180110005109/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.comorLaura
Chambers Waliski, 501.404.9875Marketing ManagerThe Venture
Centerlaura@venturecenter.co
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