There is no use in circling around the matter any longer – FinTech is hard! Healthcare and e-commerce entrepreneurs thought they had it tough? Try competing in a highly regulated industry with pockets deeper than the ocean led by some of Wall Street’s brightest minds.
FinTech is not for wallflowers. The days are over when an app with a beautiful interface, blockchain, or a lower commission rate could turn into a successful startup. Large players watched and learned, and now they’re making beautiful apps, cutting commissions and packaging new products. So what now?
A FinTech entrepreneur needs to see things more broadly, zoom in quicker, and build faster. Here is where the New York City Barclays Accelerator, powered by Techstars is of note. As the most active early stage FinTech investor in the world, we propel FinTech startups to success. Since 2014 we’ve invested in 170 FinTech startups, of which 84.7% are active and valued at $1.43B today.
Check out a few of our portfolio companies that are blazing through the financial sector:
We dare to go both broad and deep in FinTech. Our startups cover just about every FinTech corner – personal and business banking with lending, mortgages, loyalty, risk management, capital markets, payments processing, wealth and asset management, trading/exchanges, insurance and big data, real estate, regtech, blockchain and cyber-security.
What we do
Every year we invest in 10 FinTech companies and help them get to the next level. The founding team of each startup moves to the New York City area for the 13-week program (September – December) for an intensive hands-on, mentorship-driven experience. During the program we dive into an intense combination of presentations and mentorship with two goals in mind: 1) Refine/confirm your business concept based on rapid feedback from users and “what-if” insights from mentors. 2) Get ready to raise capital.
Our mentors are experienced entrepreneurs, venture capitalists and executives from financial services companies. We teach you how to pitch, prepare for industry partnerships, create momentum with investors, and negotiate solid investment terms.
What we are looking for
We are looking for 10 relentless teams working on FinTech or Enterprise Tech ideas in just about any corner of the financial sector, from anywhere in the world. If your team wants to join a community of other passionate founders and access the networks of Barclays and Techstars, come join us in New York this fall – apply here.
Over the next 12 weeks, we will be visiting cities across the globe to meet the most promising FinTech founders for 1:1 conversations. If you would like to meet with us in your city, request a 1:1 meeting with Kelly Fryer & Olga Bartnicki.
You can also join us for one of our upcoming virtual AMA (ask me anything) sessions. You will have a chance to chat directly with founders who have been through the Barclays Accelerator, hear from Barclays on how they think about FinTech, and ask any questions on top of mind about the program.
March 4th @ 1 PM EST – Save your spot
April 9th @ 10 AM EST – Save your spot
May 4th @ 12 PM EST – Save your spot
We are excited to see what you are building in FinTech!
Today, I am excited to announce that I am joining Techstars as Managing Director of the Barclays Accelerator, powered by Techstars, in New York City. As an experienced entrepreneur with a passion for turning ideas into revenue-generating businesses, I’m thrilled to come on board to give back (and #givefirst) to the entrepreneurial community that has been the lifeblood of my success throughout my career.
Over two decades ago, I left Russia with nothing more than a tourist visa and a couple hundred dollars, eager to earn a college degree in the US. It was during this time that, through a combination of luck and fate, I met Duane Pearsall, a venture capitalist who saw part of himself in my passion for entrepreneurship. He offered to pay for my college tuition if I promised to, one day, help someone else down the road.
I attended the University of Colorado at Boulder, graduating with a Masters of Sciences degree, spent two years launching new ventures at a large Swedish media conglomerate, attended Harvard Business School to earn my MBA, and ultimately took a role on Wall Street at Allen&Co., executing M&A transactions in the media sector and leading venture capital investments. After three years in the corporate sector, I decided I had acquired enough professional and life experience to start on an entrepreneurial journey of my own.
I will be the first to tell you that entrepreneurship is not for the faint of heart. My first two companies failed, which was very, very challenging to navigate, both personally and professionally. But, I got back on the horse and co-founded a third company, LiveLook, an e-commerce screen sharing startup, that successfully raised Series A funding and was acquired by Oracle. The fourth company, LiveAuctioneers, a live auction marketplace, after a business model pivot, more than doubled its revenues in 18 months, and was acquired by Bessemer Ventures. With two successful acquisitions under my belt, it was my time to pay back what I promised Mr. Pearsall. In 2016 I launched a Startup Accelerator at a university, enabling students to launch their startup ideas with over $400,000 invested in more than 80 startups.
When I first learned of the opportunity to join the Barclays Accelerator in New York, it felt like the perfect next step to continue helping entrepreneurs reach their goals. Fintech is the bread and butter of New York City’s tech landscape, and this program already has an impressive list of high-quality mentors and successful alumni. With the knowledge I gained as a former investment banker, I have a deep understanding of Barclays and the complexities within the industry. In my new role as Managing Director, I look forward to deepening the partnership between Barclays and fintech entrepreneurs to propel innovation in the financial sector.
Applications for the 2020 Barclays Accelerator in New York are open from February 17 through May 10. If you are an entrepreneur who is passionate about fintech, ask me anything via email@example.com.
After an extensive selection process, we are pleased to announce that nine phenomenal companies are joining the 2019 Barclays Accelerator, powered by Techstars in New York.
Taking place in the heart of New York City, the program was created by Techstars and Barclays and allows us to pursue a shared goal of supporting entrepreneurs inventing the next generation of financial services. Together, we’ve built a model that reimagines corporate innovation and has resulted in tremendous value for Barclays and our 160+ FinTech portfolio companies. The bottom line is this: Since being established in 2014, the program has become one of the industry’s leading FinTech Accelerator programs, which is supported by the collective value of our alumni companies that has now reached over $1 billion to date.
Opportunities to invest in FinTech have never been greater, and I couldn’t imagine a more ideal partner than Barclays to run this program. Together with Mariquit Corcoran, Managing Director, Group Innovation at Barclays, we’re thrilled to welcome these nine companies to our program, and look forward to working with them to accelerate their businesses over the next 13 weeks. Mariquit notes, “This year’s New York class spans across a diverse and exciting set of sectors addressing challenges faced by the financial services industry including accounting, lending, travel, payments, data and analytics, personal finance and savings, and wealth management.”
Without further ado, here are the nine companies that will form the 2019 class:
Hubly is building technology to power the future of financial advice
Lance is empowering freelancers to navigate their financial future.
Lifesaver empowers young consumers with financial literacy resources and matches them to financial institutions in their community.
Revelio Labs provides an in-depth view into the workforces of companies around the world.
Swipedom maximizes cash flow for startups by splitting their invoices into installments.
Taptrip is a self-serve business travel and expenses platform for small and medium sized businesses.
TomoCredit helps millennials get credit cards they deserve by analyzing their alternative data sets.
Trio is an all-in-one brokerage and checking account that lets you earn investment returns on your checking balance.
Vestive is a digital investment advisor creating solutions that are better for the environment, our society, and our user’s financial futures.
Applications are now open for the fifth Barclays Accelerator powered by Techstars in New York.
Over the last 6 years, Techstars and Barclays have become two of the most active FinTech investors in the World.
So what’s behind the success? Because let’s be honest… FinTech is really (really) hard.
The program creates an unfair advantage by marrying the banking expertise and unparalleled distribution of Barclays with Techstars’ proven track record of accelerating technology companies.
Now, this program is not for the faint hearted. You have to be tenacious, resilient and – most importantly – you have to be pushing the known boundaries in capital markets, consumer banking, insurtech, risk management, payments/credit, lending, regtech, credit solutions, blockchain, and more.
Starting in March, we’ll be hosting a series of webinars, office hours, and AMA sessions. These will help you to get to know the community and provide information on Techstars’ approach to entrepreneurship.
Do you have questions about the program and what we look for?
Register for an upcoming interactive webinar & AMA session to learn more:
- March 5th, 11:00am EST
- April 11th, 12:00pm EST
- May 2nd, 9:00am EST
Request office hours if you want to meet us one-on-one to receive mentoring and advice on your startup, business model, and product. If we’re not coming to a city near you, you can always select a virtual meeting when applying.
Open Office Hours:
- Vancouver, Canada | March 12
- Boston, USA | March 20
- Toronto, Canada | March 25
- Washington, DC, USA | March 28
- New York, USA | April 2
- Chicago, USA | April 17
- Atlanta, USA | April 24
- New York, USA | April 30
- London, UK | May 1
- Tel Aviv, IL | May 6
- San Francisco | May 10
- Virtual Meetings | Anytime!
We’ve also designated specific dates dedicated to office hours for founders from underrepresented groups (women, people of color, veterans, founders over age 50, LGBTQ, etc.). If you’re an underrepresented founder, we’d love to hear from you! You can request virtual or NYC-based office hours with us on March 22nd or April 16th.
Techstars, the worldwide network that helps entrepreneurs succeed, today announced that applications are now open for 2019’s Q4 mentorship-driven accelerator programs. These programs that are officially receiving applications:
- Barclays Accelerator, Powered by Techstars – NYC (New York)
- Techstars Montreal AI Accelerator
- Techstars Energy Accelerator in Partnership with Equinor (Oslo)
- Techstars Paris Accelerator
- Colliers Proptech Accelerator Powered by Techstars (Toronto)
- The Heritage Group Accelerator Powered by Techstars (Indianapolis)
- UnitedHealthcare Accelerator Powered by Techstars (Minneapolis)
- EPS MaritimeTech Accelerator powered by Techstars (Singapore)
- Alexa Accelerator, powered by Techstars (Seattle)
These nine programs include three new accelerators that will be celebrating their inaugural classes in 2019. The Heritage Group Accelerator Powered by Techstars is digging into technologies across construction, materials, environmental and recycling, and energy and refining. The UnitedHealthcare Accelerator Powered by Techstars is focusing on health care innovations supporting payer and care provider efforts. The EPS MaritimeTech Accelerator powered by Techstars is geared towards technologies with applications to the maritime industry including regulations, fuel efficiency, vessel operations, digitalization, and navigation. Together with our corporate partners, we can’t wait to find the first Techstars classes of startups that are going to transform these industries.
Barclays Accelerator, Powered by Techstars heads into its fifth year of program having achieved amazing success, with notable alumni such as RealBlocks, Sigma Ratings and Novo. Alexa Accelerator, powered by Techstars is going into its third year of program looking for the next class of companies focused on voice technology innovation. Colliers Proptech Accelerator Powered by Techstars, Techstars Energy Accelerator in Partnership with Equinor, Techstars Montreal AI Accelerator and Techstars Paris Accelerator are all gearing up for their second year of program after strong performances in 2018—the companies from these classes are securing funding rounds and growing fast.
Techstars mentorship-driven accelerator programs attract the best startups and founders, who then #DoMoreFaster—participants often say that they accomplish more in the three months of the program than they would in a year and a half, working on their own. We’re proud of our record of success: check our our top 50 Techstars alumni companies and their funding raised to date. Of the nearly 1600 companies that have come through our accelerator program, nearly 90% are active or have been acquired, and between them they have raised over $6.5 billion!
Our alumni entrepreneurs agree that the Techstars experience has been essential to their success: watch these founders talk about exactly how we helped them grow.
We are excited to announce the ten companies that will be joining Techstars Class 147 for the 2018 Barclays Accelerator Powered by Techstars in New York. We kick things off today and are looking forward to a lifetime of knocking down barriers to entry.
This year applications streamed in from 68 countries illustrating the increasing globalization of both FinTech disruption and of the entrepreneurial spirit. And while many firms across the financial ecosystem now consider themselves technology firms, we see a future in which artificial intelligence permeates every facet of the product stack. This year’s class is leveraging artificial intelligence to reimagine everything from how recruiters source top talent to how modern couples manage their finances.
“Barclays has been heavily invested in utilizing AI for a number of years. We are integrating AI and decision support technologies across our company in order to create better experiences for our customers and clients. I look forward to seeing how these ten startups evolve their business propositions and how they leverage AI in doing so,” said John Stecher, Chief Innovation Officer at Barclays.
Techstars is the worldwide network that helps entrepreneurs succeed, and the steadfast support to drive innovation from Barclays and the tireless support of our mentor community help make this happen. We’re grateful for your support over the last few of years and your continued time and guidance.
We love this calling Gotham home and know 2018 is going to be an amazing year for both the Barclays Accelerator and FinTech.
Without further ado, here is the next generation of FinTech disruption:
Applica | Applica replaces humans in business processes that require interpretation of text. |
FairFrame | FairFrame combines AI and behavioral “nudge” science to enhance managers’ thinking about diversity, right when it matters. |
Fintros | Fintros is the world’s most accurate Talent Acquisition Software that helps strategic HR teams instantly hire previously unreachable passive talent. |
Harvest | Harvest helps consumers get refunds on negotiable bank fees.|
Honeyfi | Honeyfi helps couples integrate their finances and work toward their financial goals, together. |
Pluto | Mobile financial wellness platform for Gen Z college students |
ResonanceX | ResonanceX is a multi-issuer digital platform using technology to transform and optimise ways to create, distribute and invest in Structured Investments. |
SendFriend | SendFriend uses blockchain technology to dramatically reduce the cost of cross-border consumer payments. |
Vector.AI | Trade Finance. Made Simpler. |
Waffle | Personalized insurance, protecting everything and everyone a person cherishes.
Meet the Barclays Accelerator powered by Techstars in New York team for 1:1 office hours in Atlanta.
Join us onMonday May 7 at 10am EST to learn more about the accelerator program and get your questions answered!
Meet the Barclays Accelerator powered by Techstars in New York team for 1:1 office hours in New York City.