FIS Selects Ten Startups for 2020 Fintech Accelerator Program
June 30 2020 - 8:00AM
Business Wire
Key facts:
- FIS and The Venture Center announce the ten startup companies
selected to take part in the 2020 FIS Fintech Accelerator
program
- Each company will receive in-depth mentoring and feedback from
FIS leadership along with a monetary investment.
- The fifth year of the FIS Fintech Accelerator program drew
applicants from 30 countries.
Financial technology leader FIS® (NYSE: FIS) and The Venture
Center have announced the ten companies selected to participate in
the 2020 FIS Fintech Accelerator program.
In its fifth year, the FIS Fintech Accelerator program is
focused on identifying and fostering startup financial technology
firms with promising, high-potential technologies that advance the
way the world pays, banks and invests. The 2020 program received
applications from fintech companies in the U.S. and 29 other
countries.
The ten selected startups and their areas of focus
are:
- Cirrus Secure (Evergreen, CO) – lending automation
- Cobbler Technologies (Little Rock, AR) – application
development
- Dasceq (Dallas, TX) – accounts receivables and collections
- Mall IQ (San Francisco, CA and Istanbul, Turkey) – location
intelligence
- Sequretek (Mumbai, India) – cyber security
- Silot (Singapore) – small business services
- Stratyfy (New York, NY) – risk-based decision-making
- Surfly (Amsterdam, The Netherlands) – co-browsing and video
chat technology
- TrustStamp (Atlanta, GA) – secure authentication
- XpenseOne (Spokane, WA) – expense management automation
Due to the COVID-19 pandemic, the 2020 program will be conducted
entirely virtually. The traditional 12-week program has also been
extended by six weeks to provide additional opportunities for
in-depth mentoring and training for the startup firms from FIS, The
Venture Center and participating banks and financial institutions.
Each company will also receive a monetary investment.
“The FIS Fintech Accelerator is a key part of our overall
investment strategy at FIS to develop and bring to market the most
innovative, leading-edge technology innovations for our clients,”
said Asif Ramji, Chief Growth Officer at FIS. “The ten companies
selected for the fifth year of FIS’ Accelerator program bring a
wealth of promising ideas and technologies. We look forward to
working with these firms to bring their ideas to life.”
“The FIS Fintech Accelerator program has a demonstrated history
of accelerating highly successful companies and expanding financial
access in all corners of the world,” said Wayne Miller, Executive
Director of The Venture Center. “With our partners at FIS and the
State of Arkansas, we’re honored to be a part of bringing
cutting-edge technologies to the places and people who need them,
particularly in this moment of monumental technological
advancement.”
The 2020 program will culminate with a Demo Day on October 14th,
where leaders from each of the participating firms will showcase
their innovations to financial services leaders and influencers,
potential investors and successful entrepreneurs.
Past graduates of the FIS Fintech Accelerator have gone on to
secure additional capital funding, win industry awards, and in some
cases form partnerships with FIS to bring their innovations to
market. As an example, FIS recently integrated technology from 2016
Accelerator graduate Flutterwave to allow Worldpay from FIS
merchants to process online payments in Africa.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500® company and is a member of Standard & Poor’s
500® Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20200630005067/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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