Tuesday, February 28, 2017

2017 VC FinTech Accelerator Doubles Applications Over 2016

February 17, 2017 [Little Rock, Ark.]— Applications for The Venture Center's 2017 VC FinTech Accelerator - Empowered by FIS have closed. The application pool doubled over the previous year, boasting applicants from 295 early stage financial technology businesses. 

This year’s accelerator received applications from India, Philippines, UK, Kenya, Nigeria, Columbia, Mexico and all over the United States.

The Venture Center is currently conducting interviews to narrow down the applicant field and will begin due diligence on selecting the final 10 portfolio companies invited to Little Rock for its rigorous 12-week program. Through a fund established and directed by The Venture Center, portfolio companies receive an initial $50,000 investment. In addition, the fund will invest up to $100,000-300,000 in additional capital into top performing companies at the end of the program.

The VC FinTech Accelerator is a designed to accelerate the growth of early-stage startups. The highly selective program will admit 10 leading startups poised to challenge the status quo in the financial services sector. The program culminates in July with VC FinTech Demo Day, which will bring investors and financial services executives from all over the US to Little Rock, Ark.

Akouba, a member of the inaugural VC FinTech Accelerator – Empowered by FIS in 2016, recently received a huge endorsement from the American Bankers Association. 

“The Venture Center’s relationship with FIS and the executives that came into further validate our business model and bring real customers to us was a huge opportunity,”  said Akouba CEO Chris Rentner.

The Venture Center helps entrepreneurs turn their start-ups into viable, high-growth businesses. By leveraging the expertise of a world-class team of mentors, intensive programming and introductions to the investor community, The VC serves as an engine for economic growth in Central Arkansas and beyond. In the first two and a half years, The VC’s member companies have created more than 280 jobs, generated $12 million in revenue and have raised a combined $19 million in capital. For more information, visit http://www.venturecenter.co.

For More Information
Jennifer Thompson, 501-404-9875
Director of Marketing & Communications
The Venture Center

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