The Venture Center Now Accepting Applications for
Global FinTech Accelerator, Powered by FIS
The Venture Center announces applications are now open for The VC FinTech Accelerator Powered by FIS (Applications open today, January 27 and close March 31 at 11:59 p.m. CST).
The VC FinTech Accelerator is delivered by The Venture Center with mentorship provided by FIS, a global leader in financial services technology.
The VC FinTech Accelerator will bring disruptive, FinTech startups and entrepreneurs to Little Rock, building on a strong history of financial services and data management and data science innovation in Central Arkansas and leveraging the power of FIS.
Little Rock, Ark., Jan. 27, 2016 – The VC FinTech Accelerator, powered by FIS—a global leader in financial services technology --, today announced that it is accepting applications for its global financial technology (FinTech) accelerator summer program. Applications open January 27th and close March 31st at 11:59 PM CST.
All entrepreneurs who are poised to disrupt the FinTech space are encouraged to apply. In addition to working with early stage companies in Core Banking, Payments, Mobile, and Fraud & Security, we are interested in supporting and potentially partnering with startups leveraging emerging technologies like cognitive computing, neural networks and blockchain innovating in financial services.
About The VC FinTech Accelerator
Intense. Aggressive. Focused. The VC FinTech Accelerator is a 15-week rigorous program designed to accelerate the growth of early stage startups. The highly selective program will admit up to 10 leading startups poised to challenge the status quo in the financial services sector.
Through a new fund established and directed by The Venture Center, portfolio companies will receive an initial $50,000 investment. In addition, the companies are eligible to pitch for up to $100,000-300,000 additional investment for selected winner(s) at the end of the program.
“Powered by FIS” is more than a slogan. One of the biggest advantages of The VC FinTech Accelerator is the access that cohort members have to leverage the power of mentoring by FIS--55,000 employees, 20,000 clients and $9+ billion in revenue (2016 pro-forma). FIS serves the largest players in FinTech, processing 27 billion transactions and $9 trillion annually. Founders have the opportunity to not only work with and receive advice from FIS leaders, but they also have the opportunity to pitch their businesses to the FinTech community.
“FIS has a strong track record in innovation that allows our clients to achieve their objectives, while empowering them with the tools necessary to stay competitive in the rapidly-changing financial technology industry,” said Rob Lee, chief product officer, Global Banking and Payments, FIS. “This collaboration with The Venture Center is an excellent opportunity to promote innovation earlier in the life cycle. Little Rock is a natural fit for this initiative given FIS’ history and large employee presence in the market.”
As the birthplace of early FinTech innovators like Systematics (now FIS), Arkansas Systems (now Euronet Worldwide), ABC Financial, Stephens Inc., Mainstream Technologies, and Acxiom and the home of the only FinTech Accelerator powered by the world’s leading financial technology company, Central Arkansas is the place for startups seeking to disrupt the FinTech space. Period.
“Startups innovating in analytics, cognitive computing, cybersecurity, bank back office, investment management, wearables, wallets (among others) should apply for this highly competitive and unique program. There exists no other place on earth where a founding team can gain unparalleled access to leaders within the largest financial software company in the world,” said Lee Watson, President & CEO of The Venture Center.
About The Venture Center
As the front door for entrepreneurism in Central Arkansas, The Venture Center’s multi-stage process is the engine which drives the development of scalable, investable businesses. The Venture Center’s best-in-class Mentorship Network along with a comprehensive Pre-Accelerator program supports and guides startup founders to viability. Corporate, Industry-focused Accelerator Programs leverage The Venture Center’s expertise in innovation to serve member startups, corporate partners, and the investment community. The Venture Center provides expertise and solutions for partners in business, government and education to bolster the economic development of Central Arkansas. As a clear leader, The Venture Center is shaping the economic development of the state and region. For more information about The Venture Center, visit http://www.venturecenter.co
FIS™ (NYSE: FIS) is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
For More Information
Steve Rice, 501.404.9875
Director of Marketing
The Venture Center
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications