Each month it seems like a new accelerator, incubator, or bootcamp has sprouted in San Francisco or New York to help young startups break into fintech. While some like YCombinator have become famous for generating unicorns, there are many others that are just beginning to make a name for themselves. To help aspiring fintech entrepreneurs make sense of their options, we’ve compiled a list of 9 well respected accelerators, incubators and bootcamps active in fintech.
After partnering with Techstars back in 2014, Barclays expanded its fintech accelerator program to New York City. Each July they accept a cohort of 10 companies for a 13-week program, providing participants with access to decision makers at Barclays as well as a $120,000 investment from Techstars. Also, they’re our neighbors in NYC!
Offering both a 12-week/full time program or a 24-week/part time program, Byte Academy is the first full stack Python coding bootcamp in New York City. Whether you’re looking to broaden your coding skills or establish new ones, Byte Academy has you covered offering five industry focuses – including FinTech and Data Science.
Launched in 2009 and founded by Accenture and the Partnership Fund for New York, the FinTech Innovation Lab runs multiple 12-week programs in New York, London and Hong Kong. The New York program launches every spring and concludes with a demo day in front of nearly every big bank including Bank of America, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, and Wells Fargo. A great way to get exposure to fintech innovators in large firms.
Boston-based FinTech Sandbox is home to numerous FinTech companies and accepts startups from Boston, New York, Chicago, the Bay Area, and London. Lasting 6 months, the program provides participants with free access to a variety of industry leading APIs and datasets (including Quovo’s API). Additionally, FinTech Sandbox allows members of other incubators and accelerators to apply to their program as well, taking advantage of both sets of benefits.
Founded by Square co-founder Jim McKelvey and based in St. Louis, SixThirty partners with the St. Louis Financial Forum (Regional Chamber) and Cultivation Capital in backing a handful of startups with up to $100,000 each year. Focusing on late seed stage companies, SixThirty lends its expertise in business development to companies that have a product and are just starting to earn revenue. Shout out to our friends at Hedgeable, who are graduates of SixThirty.
StartupBootcamp began in 2010 and has since expanded around the globe. Their New York-based fintech program takes three months, includes a $20,000 investment, and culminates in a demo day in front of a panel of industry experts.
With a six month program that offers flexible starting dates instead of formal cohorts, ValueStream Labs invests between $100,000 and $1,500,000 in its startups. Based in New York City, the program admits a handful of participants each year and has helped to launch Estimize and Descartes Labs.
The Wells Fargo accelerator is unique in that its program is completely virtual, i.e. participants don’t need to relocate to enroll. The program runs for six months and invests up to $500,000 in startups directly from Wells Fargo. While the program is relatively early stage, it’s already developed a reputation for focusing on enterprise software solutions – and it can’t hurt to have the scale of Wells Fargo behind you.
It’s difficult to list accelerators without including San Francisco-based YCombinator. While they’ve helped launch unicorns like AirBNB, Dropbox and Zenefits, they’ve also helped launch multiple fintech behemoths including Stripe, WePay, and LendUp. YCombinator invests $120,000 into approximately 100 early stage startups; these companies move to Silicon Valley for three months to build their business before pitching their company on demo day in front of an exclusive invite-only crowd.
Think that we’ve missed a name or included one that doesn’t belong? Let us know about it! Send any comments or questions to firstname.lastname@example.org and we’ll get back to you as quickly as possible. And while you consider your accelerator/incubator options, here’s some tips to accelerate your fintech.
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