Techstars, a startup accelerator providing mentorship-driven seed stage investment service based in the U.S. has announced the 10 startups that will take part in the second Barclay Accelerator.
The Barclays Accelerator is a three-month-long, intense startup acceleration focusing on innovations within the financial service. Now on its second year, the Accelerator was launched by RISE, Techstars, and Barclays.
The selected 10 startups taking part in the second leg of the Accelerator are from a broad range of FinTech background from different places on the globe. They are as follows:
|1. FOMO Travel
2. Byte Money
|1. Flexpay||1. Avenews-GT|
Barclays Accelerator MD Yossi Hasson said, “Each of the ten successful companies have an amazing founding team, and unique solution that we believe has the potential to become a significant and relevant player on a global scale. We are extremely impressed with the quality of this class’ founders, many of whom are on their second or third business.”
The 10 startups will have access to Barclays Africa Group’s network, and its footprint made up of up to 12 million customers across 10 different African markets. In addition to Techstars’ network of mentors and investors from across 13 locations who would be looking forward to helping the individual startups grow and expand globally.
Each startup will also get $45,000 and in exchange give up between 6-8% equity stake in their businesses. The Barclay Accelerator commences on May 9th, 2017, at RISE Cape Town. The climax of the event will be on August 2nd, 2017, during the Demo Day.