JACKSONVILLE, Fla.–(BUSINESS WIRE)–Monetary know-how chief FIS® (NYSE: FIS) and The Enterprise Heart have introduced the ten firms chosen to take part within the 2020 FIS Fintech Accelerator program.
In its fifth 12 months, the FIS Fintech Accelerator program is targeted on figuring out and fostering startup monetary know-how companies with promising, high-potential applied sciences that advance the way in which the world pays, banks and invests. The 2020 program obtained functions from fintech firms within the U.S. and 29 different nations.
The ten chosen startups and their areas of focus are:
- Cirrus Safe (Evergreen, CO) – lending automation
- Cobbler Applied sciences (Little Rock, AR) – software growth
- Dasceq (Dallas, TX) – accounts receivables and collections
- Mall IQ (San Francisco, CA and Istanbul, Turkey) – location intelligence
- Sequretek (Mumbai, India) – cyber safety
- Silot (Singapore) – small enterprise providers
- Stratyfy (New York, NY) – risk-based decision-making
- Surfly (Amsterdam, The Netherlands) – co-browsing and video chat know-how
- TrustStamp (Atlanta, GA) – safe authentication
- XpenseOne (Spokane, WA) – expense administration automation
As a result of COVID-19 pandemic, the 2020 program will likely be performed completely just about. The standard 12-week program has additionally been prolonged by six weeks to supply further alternatives for in-depth mentoring and coaching for the startup companies from FIS, The Enterprise Heart and collaborating banks and monetary establishments. Every firm can even obtain a financial funding.
“The FIS Fintech Accelerator is a key a part of our total funding technique at FIS to develop and convey to market essentially the most modern, modern know-how improvements for our shoppers,” mentioned Asif Ramji, Chief Progress Officer at FIS. “The ten firms chosen for the fifth 12 months of FIS’ Accelerator program deliver a wealth of promising concepts and applied sciences. We stay up for working with these companies to deliver their concepts to life.”
“The FIS Fintech Accelerator program has a demonstrated historical past of accelerating extremely profitable firms and increasing monetary entry in all corners of the world,” mentioned Wayne Miller, Govt Director of The Enterprise Heart. “With our companions at FIS and the State of Arkansas, we’re honored to be part of bringing cutting-edge applied sciences to the locations and individuals who want them, notably on this second of monumental technological development.”
The 2020 program will culminate with a Demo Day on October 14th, the place leaders from every of the collaborating companies will showcase their improvements to monetary providers leaders and influencers, potential buyers and profitable entrepreneurs.
Previous graduates of the FIS Fintech Accelerator have gone on to safe further capital funding, win trade awards, and in some instances type partnerships with FIS to deliver their improvements to market. For instance, FIS not too long ago built-in know-how from 2016 Accelerator graduate Flutterwave to permit Worldpay from FIS retailers to course of on-line funds in Africa.
FIS is a number one supplier of know-how options for retailers, banks and capital markets companies globally. Our greater than 55,000 individuals are devoted to advancing the way in which the world pays, banks and invests by making use of our scale, deep experience and data-driven insights. We assist our shoppers use know-how in modern methods to unravel business-critical challenges and ship superior experiences for his or her prospects. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® firm and is a member of Customary & Poor’s 500® Index. To study extra, go to www.fisglobal.com. Observe FIS on Fb, LinkedIn and Twitter (@FISGlobal).