Barclays Accelerator in New York welcomes nine fintech startups

After three months of mentorship, the companies will highlight their progress and showcase their innovative propositions at a demo day in April

0
319
Barclays Accelerator in New York welcomes nine fintech startups

Nine fintech startups are joining the 2021 New York Barclays Accelerator, powered by Techstars.

Established in 2014, the intensive 13-week programme is designed to fast-track the next generation of fintechs companies.

Participating companies will collaborate with a team of Barclays executives, the Techstars worldwide network, and industry leaders to fine-tune their business propositions and solve problems at the cutting edge of financial technology.

After three months of mentorship, the companies will highlight their progress and showcase their innovative propositions at a demo day in April.

Mariquit Corcoran, chief innovation officer at Barclays, says: “We’re thrilled to welcome our sixth New York Barclays Accelerator class. With 18 programmes completed, we have a strong history of delivering a best-in-class experience for our chosen startups, thanks to our extensive network and expertise.”

“In these exceptional times, we are committed more than ever in supporting entrepreneurs who are continuing to transform the future of financial services, and we look forward to helping them achieve their goals.”

The 2021 New York class of the Barclays Accelerator, powered by Techstars

Avenify is building better financial and career services for people in healthcare, starting with income share agreements for student financing.

Floodlight is a data platform that enables financial advisors and asset managers to understand non-financial values of their clients, and align assets accordingly.

GravityAI is a platform for enterprise product teams to explore, test, procure, and integrate third-party artificial intelligence algorithms.

Humanitru is a customer relationship management and fundraising platform for non-profits so that they can run their operations more effectively.

Julius Tech is a flexible data and analytics platform that automates the development, deployment and support of data science and machine learning applications.

LittleNewt is a tax preparation and practice management platform for firms that utilises artificial intelligence to instantly create tax returns and accurate, real-time estimates.

Migrations.ml uses machine learning to produce the next generation of financial data for the bond market.

Nossa Data is a platform for corporations to carry out environmental, social and governance reporting, data management and analytics.

Smash is a financial wellness app that creates personalised payment plans for individuals who want to free themselves of credit card debt.

The 2021 founders have ‘expertly navigated’ Covid-19 challenges

With more than 180 alumni companies and 18 programs completed to date, the Barclays Accelerator, powered by Techstars, is one of the largest single-bank-powered portfolios globally, with a valuation of more than $1.8 billion.

The companies will also be eligible for Barclays Rise Growth Investments, a fund of follow-on investment capital solely focused on accelerator participants.

The funds allow Barclays to invest up to £10 million of follow-on investment capital per Accelerator class.

Jennifer Jordan, managing director at Techstars, says: “The world has deeply changed over the past year and founders have had to pivot in unexpected and new ways.”

“The founders of our 2021 class have expertly navigated the challenges brought on by Covid-19 and continue to exhibit tenacity and focus in building their businesses. Many of them are building solutions designed to meet the needs of consumers and banks facing a rapidly evolving economic recovery. We are excited to be working alongside these founders to accelerate their growth over the next 13 weeks.”

The mentoring and advice received during the programme has led to the success of alumni companies such as Cutover, Finch and Sigma Ratings.