Valuestream Expands Accelerator Program to Boost New York Fintech Sector
- Valuestream Labs has announced the expansion of their accelerator program to bolster opportunities in the New York fintech sector.
Arguably the largest financial center of the world, New York is also one of the most important hubs for Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term innovation. Many bulge-bracket banks worldwide are faced with upgrading their technology to keep up with regulatory requirements as well as changing consumer trends such as rising mobile usage. Working with startups and financial firms to assist the growth of fintech in New York is Valuestream Labs, an Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term program and advisor.
Valuestream has announced that they are expanding their accelerator program to provide more funding and to accept more companies. Greg Neufeld, Managing Partner and Founder of Valuestream Labs, explained to Finance Magnates that in the past the company had been providing funding on a case by base decision, but will begin to provide between $100,000 and $1.5 million in investments to firms that are accepted into the accelerator. Neufeld explained that they believe it is important to offer the flexibility to offer up to $1.5 million which is larger than a typical accelerator investment. “Most accelerators offer around a $100K," Neufeld said. "But we believe that it requires more capital to help companies reach break away success”. Looking ahead, Neufeld stated that Valuestream's goal is to add 6 to 9 companies to the accelerator program over the next twelve months.
Differentiating themselves, Valuestream doesn't operate a class system: new firms are accepted and participate in the program independently of each other. In terms of why they use this format, Neufeld explained that “Finance is built upon large interconnected networks, we believe our portfolio of companies should be the same. When we add a new company, we are aiming to strengthen the network effects of our companies, and help them built a defensibility around their business. To us the "network" approach makes more sense than the "class" structure.”
Arguably the largest financial center of the world, New York is also one of the most important hubs for Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term innovation. Many bulge-bracket banks worldwide are faced with upgrading their technology to keep up with regulatory requirements as well as changing consumer trends such as rising mobile usage. Working with startups and financial firms to assist the growth of fintech in New York is Valuestream Labs, an Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term program and advisor.
Valuestream has announced that they are expanding their accelerator program to provide more funding and to accept more companies. Greg Neufeld, Managing Partner and Founder of Valuestream Labs, explained to Finance Magnates that in the past the company had been providing funding on a case by base decision, but will begin to provide between $100,000 and $1.5 million in investments to firms that are accepted into the accelerator. Neufeld explained that they believe it is important to offer the flexibility to offer up to $1.5 million which is larger than a typical accelerator investment. “Most accelerators offer around a $100K," Neufeld said. "But we believe that it requires more capital to help companies reach break away success”. Looking ahead, Neufeld stated that Valuestream's goal is to add 6 to 9 companies to the accelerator program over the next twelve months.
Differentiating themselves, Valuestream doesn't operate a class system: new firms are accepted and participate in the program independently of each other. In terms of why they use this format, Neufeld explained that “Finance is built upon large interconnected networks, we believe our portfolio of companies should be the same. When we add a new company, we are aiming to strengthen the network effects of our companies, and help them built a defensibility around their business. To us the "network" approach makes more sense than the "class" structure.”