Ten growth-stage fintech companies have been selected to participate in the FIS Fintech Accelerator program 2022, which allows participants to develop their solutions through mentoring, training and a cash investment.
Presented by FIS Impact Ventures and The Venture Center, this year’s cohort represents Green Banking, Buy Now, Pay Later, P2P Payments, Debt Management, Privacy Automation, Cryptocurrency Risk Management, Fraud Transaction Monitoring, Cloud-Based Compliance, Access Earned Wages and more solutions to comply with legal regulations.
Companies founded by women make up thirty percent of the 2022 cohort.
All ten startups meet with hundreds of bankers, leading financial services firms and venture capital firms during the accelerator program.
JACKSONVILLE, Fla. Aug. 10, 2022–(BUSINESS WIRE)–Financial Technology Leader FIS® (NYSE: FIS) and The Venture Center have announced the ten companies selected for the 2022 FIS Fintech Accelerator program, offering these growth-stage fintechs mentoring, training and a financial investment to develop their solutions.
The FIS Fintech Accelerator program focuses on identifying and promoting startup financial technology companies with promising high-potential technologies. Graduates of the program have later secured additional capital, won industry awards and formed partnerships with FIS to bring their innovations to market. FIS is currently integrating technology or actively collaborating with nine of the ten Accelerator graduates of 2021.
In its seventh year, the Accelerator is a key strategic pillar of FIS Impact Ventures, FIS’ corporate venture investment arm that identifies and develops emerging technologies. With 30% of this year’s cohort being female founders, the ten selected companies and their technologies are:
connect earth – Green Environmental Impact Banking
equipment – Buy now, pay later
Neural Payments – P2P payments (peer-to-peer).
nickel – Credit card debt management for financial wellbeing
privacy lock – Automation of data protection
sardine – ACH money movement and risk management for cryptocurrencies
sygno – Monitoring of fraudulent transactions
blackenable – Cloud-based compliance
tap check – Access to earned wages for employee financial well-being
theme – Regulatory compliance solutions
“FIS’ Accelerator provides fintech startups with executive and subject matter expert guidance, access to developers and customers, and a strategy to find a way forward with FIS,” said Elaine Duff, Head of FIS Impact Ventures Fintech Advocacy, FIS. “We are very excited to have these ten companies on board to explore their ideas and technologies while providing them with incredible tools and resources to build their businesses.”
“Arkansas is recognized worldwide as a financial technology hub. FinTech was created here and we continue to innovate with programs like the FIS Fintech Accelerator,” said Governor Asa Hutchinson. “The future is coming, so banking and finance must evolve to accommodate advancing technology and provide better opportunities for customers. Arkansas looks forward to hosting the next group of minds that will move as we move in entering our seventh year of partnership with Venture Center and FIS the coals of innovation.”
“We are excited to begin the seventh year of our partnership with FIS and the State of Arkansas to produce the 2022 FIS Fintech Accelerator,” said Wayne Miller, executive director of The Venture Center. “Our work with FIS is more important than ever as digital transformation continues to revolutionize everything we do. This year’s cohort shows what a fintech partnership is all about, and the program is sure to grow even further as we partner with the President of FIS Impact Ventures. Rob Lee and his team, whose commitment to fintech advocacy, diversity and inclusion perfectly aligns with our own goal of making a meaningful impact.”
The public is invited to learn more about these companies at the VenCent Fintech Summit on August 15 at 8:00 am CST. Register here to take part. A video recording of the showcase will be available after the event.
The 2022 program will culminate with a Demo Day on November 9, where executives from all participating companies will showcase their innovations to leading financial services providers and influencers, potential investors and successful entrepreneurs.
FIS is a leading provider of technology solutions to financial institutions and businesses of all sizes and industries worldwide. We enable the movement of commerce by unlocking the financial technology that powers the global economy. Our people are committed to advancing the way the world pays, banks and invests through our proven innovation, system performance and flexible architecture. We help our customers use technology in innovative ways to solve business-critical challenges and deliver best-in-class experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500 member® and the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005058/en/
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications