Applications are being accepted for the 5th annual FIS Fintech Accelerator, which is conducted in collaboration with the Little Rock-based Venture Center and the state of Arkansas.
FIS, a global leader in financial services technology, has sponsored the program for the previous four years. Applications are being accepted through March 6, 2020 at this link.
Ten high-potential startups will be selected to take part in the 12-week program beginning June 3 that includes in-depth mentoring and training from FIS and the Venture Center, as well as a monetary investment. The goal is to identify new companies with growth potential that are innovating in the financial technology space.
During the program, selected firms will also receive feedback from leading bank and financial institution clients. At the conclusion of the program, the participants will pitch their solutions to investors and industry participants at the 2020 FIS Demo Day in August.
“The FIS Fintech Accelerator is a key element of our larger FIS Ventures program and is focused on identifying, mentoring and investing in promising startup firms that can bring disruptive, value-added fintech solutions to our clients,” said John Crawford, head of M&A and Ventures, FIS. “We are always excited to see the innovations that come through this annual program and we look forward to this year’s field of submissions.”
“Arkansas is the birthplace of fintech, and we continue to lead through the FIS Fintech Accelerator, in partnership with The Venture Center,” said Gov. Asa Hutchinson. “The Accelerator’s excellent results speak for themselves and show that collaboration and innovation go hand in hand. As Arkansas’s Governor, I’m excited to welcome the most promising fintechs in the world to our great state, where they will find the needed support for success.”
Past participants of the accelerator program have won numerous industry awards including Finovate’s Best in Show. They have also raised tens of millions of dollars in capital to advance their businesses and established partnerships with leading financial institutions to bring their solutions to market. Some have also gone on to sign reseller and investment agreements with FIS and receive industry recognition.
“Companies looking for exposure and collaboration with the largest fintech provider in the world should look no further than the FIS Fintech Accelerator,” said Wayne Miller, Executive Director of The Venture Center. “This year’s program will continue to build on what we have already accomplished in helping financial institutions gain better insights on their customer’s financial needs, improve their operations, and enhance the overall customer experience.”