Beyond just financial and technology centers like London, New York, Singapore and Silicon Valley, many cities and regions are seeing the potential in the fintech sector and opening up initiatives to support fintech startups. Among them include SixThirty, a St. Louis based fintech accelerator that provides support and investment to late seed stage fintech startups.
Announcing their Fall 2015 Cohort, SixThirty has accepted six firms into the program. Startups include Brigade Society, Ensygnia, Fluent, Investment POD, Rippleshot and Bandura. Interestingly, among the startups, only Investment POD, which provides services to the wealth management sector, would be considered a natural fit for St. Louis’s strong focus on asset management firms.
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Overall, the six firms have a strong focus in the payment sector. Businesses covered by the startups include point sale technology for merchants, mobile payments, blockchain ledgers, and credit card fraud analysis and prevention. As part of their participation, firms receive $100,000 in equity based funding from SixThirty.
Atul Kamra, Managing Partner at SixThirty, commented on the startups: “A record number of companies applied to participate in SixThirty’s Fall 2015 Cohort. The application pool was truly global and, of the over 150 startups that applied, a third were from outside the U.S.”