Barclays announced on Monday the ten startups selected to participate in the 2018 New York Barclays Accelerator, powered by Techstars, which is described as an intensive program for fintech startups designed to help businesses accelerate their strategy and deliver breakthrough innovations.
According to Barclays, the selected companies will be working closely with a team of Barclays executives, the Techstars worldwide network, and other industry leaders to refine and validate their business models over the next three months. At the end of the program, each business will highlight their progress and showcase their innovative fintech propositions at a demo day in New York City. The ten companies of the 2018 New York class of the accelerator are the following:
- Applica: a model that replaces humans in business processes requiring an understanding of text
- FairFrame: an application that enables Artificial Intelligence-enhanced thinking about diversity in the workplace
- Fintros: a finance career discovery platform that anonymizes candidate profiles and introduces them to top employers
- Harvest: a personal finance platform that helps consumers identify and negotiate bank fees
- Honeyfi: a platform that helps couples integrate their finances and save for goals together
- Pluto Money: a financial wellness app for Gen Zs, which allows users to save for their goals and improve their money habits by completing challenges tailored to their finances
- ResonanceX: a digital marketplace for structured investments trading
- SendFriend: a platform that aims to be the leading-edge blockchain remittance provider
- Vector: a platform that creates research-led Artificial Intelligence solutions for companies involved in international trade
- Waffle Insurance: a digital platform that offers holistic insurance protection through one, single, personalized policy covering every aspect of the customer’s need
Mariquit Corcoran, Director of Partnerships and Programs at Barclays, then added:
“The Barclays Accelerator, powered by Techstars, truly helps participating companies advance their business development strategy and provides enterprise-ready feedback to the program participants. With 13 completed programs, the Barclays Accelerator, powered by Techstars, is presently one of the largest single-bank-powered portfolios globally, with more than 130 companies currently valued at over $650 million.”