JACKSONVILLE, Fla.--(BUSINESS WIRE)--Financial technology leader FIS® (NYSE: FIS) and The Venture Center have announced the ten companies selected to participate in the 2020 FIS Fintech Accelerator program.
In its fifth year, the FIS Fintech Accelerator program is focused on identifying and fostering startup financial technology firms with promising, high-potential technologies that advance the way the world pays, banks and invests. The 2020 program received applications from fintech companies in the U.S. and 29 other countries.
The ten selected startups and their areas of focus are:
Cirrus Secure (Evergreen, CO) – lending automation Cobbler Technologies (Little Rock, AR) – application development Dasceq (Dallas, TX) – accounts receivables and collections Mall IQ (San Francisco, CA and Istanbul, Turkey) – location intelligence Sequretek (Mumbai, India) – cyber security Silot (Singapore) – small business services Stratyfy (New York, NY) – risk-based decision-making Surfly (Amsterdam, The Netherlands) – co-browsing and video chat technology TrustStamp (Atlanta, GA) – secure authentication XpenseOne (Spokane, WA) – expense management automation Due to the COVID-19 pandemic, the 2020 program will be conducted entirely virtually. The traditional 12-week program has also been extended by six weeks to provide additional opportunities for in-depth mentoring and training for the startup firms from FIS, The Venture Center and participating banks and financial institutions. Each company will also receive a monetary investment.
“The FIS Fintech Accelerator is a key part of our overall investment strategy at FIS to develop and bring to market the most innovative, leading-edge technology innovations for our clients,” said Asif Ramji, Chief Growth Officer at FIS. “The ten companies selected for the fifth year of FIS’ Accelerator program bring a wealth of promising ideas and technologies. We look forward to working with these firms to bring their ideas to life.”