If you’re a startup with a ready-for-market solution that can be used by large FIs or scaled to millions of customers, then Columbus, Ohio’s newest fintech accelerator, Fintech 71, may be just what you’re looking for.
But don’t just look. The application deadline for Fintech 71 is less than one week away on July 17th. For more information – and to apply today – check out Fintech71’s registration page .
All of the companies selected will receive a $100,000 stipend in exchange for participation within Fintech71’s Accelerator. Fintech71 is a non-profit organization and will take a small percentage of equity, from 0-6%, that will be stage-appropriate. The accelerator will bring on up to 12 fintech startups for its first class that starts September 10, 2017.
Fintech71’s ideal fintech startup will have a product that is ready for the market and to be utilized by a large financial service company or scaled to millions of consumers—allowing the corporate sponsor, partner, mentor network of Fintech71 to bring tremendous value to the startups selected. Fintech71 is focused on startups across the spectrum of fintech verticals including:
- Digital banking
- Insurtech
- Payments
- Personal finance and investing
- Institutional finance and investing
- Lending
- Regtech
Fintech 71 is also interested in startups using technologies like data analytics, artificial intelligence/machine learning, and security authentication to build financial services solutions.
Fintech71 continues to build momentum with more and more corporate financial services companies jumping on board to support this statewide initiative. The alignment of the public sector, private sector, and fintech entrepreneurs within Ohio has created a world class fintech hub that is sourcing fintech startups globally to join their inaugural accelerator class. The current corporate Sponsor/Partner list includes a host of companies with a presence in Ohio such as Visa, Key Bank, JPMorganChase, Grange Insurance, Huntington Bank, Silicon Valley Bank, and a host of other corporations.
What is unique about Ohio is that it is the home of one of the largest financial service ecosystems, combined with an incredible millennial talent base and a ton of great universities, centered around Ohio State University. In addition, Ohio enjoys an extremely attractive cost of living and “cost of doing business” environment which is ideal for startups during their early growth years. The state’s attractive business and living environment combined with access to some of the top financial service brands in the world is a recipe for success.
Check out fintech71.com to apply. And remember the deadline to get applications in for consideration is July 17.