21 October 2017
Register now

Barclays Bank kicks off fintech accelerator programme

09 December 2013  |  12199 views  |  0 Barclays signage 4

The UK's Barclays Bank is inviting ten start-up companies to take part in a 15-week fintech accelerator programme in conjunction with Techstars

Successful applicants will get a seed investment of £12,500 from Techstars - in return for a six percent equity stake in the finished product - and office space at Barclays Mile End Road, east London, within the Tech City boundaries.

The chosen start-ups in the first wave will be challenged to create new apps using Barclays APIs and support from developers and designers who worked on the bank's successful Pingit mobile platform.

There will be two waves each year, adding up to 60 start-ups over the length of the three-year programme.

Top-level mentoring will be provided by executives from Barclays, including Group CIO, Darryl West, and chief design officer, Derek White, alongside those from Techstars, including MD Jon Bradford, and founder and CEO David Cohen.

"We're not looking for experts in our systems, just creative startups with a visionary attitude and radical ideas," says Barclays. "You'll get access to our APIs and support from developers who've designed and built some of our most successful products and services, so you can learn how we work when you start the programme."

Applications are open now, with the chosen finalists notified in early May. The three-month accelerator programme will kick off in mid-June culminating in two investor demo days in September 2014 - including an internal presentation to Barclays executives and another to an invited audience of VCs and angel investors.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays boss hints at branch closures as customers go mobile

Barclays boss hints at branch closures as customers go mobile

31 October 2013  |  7873 views  |  0 comments | 5 tweets | 4 linkedin
Barclays crowdsourcing site asks customers for better banking ideas

Barclays crowdsourcing site asks customers for better banking ideas

17 September 2013  |  15235 views  |  4 comments | 18 tweets | 19 linkedin
Barclays revamps Pingit for mobile commerce play

Barclays revamps Pingit for mobile commerce play

16 September 2013  |  9705 views  |  0 comments | 14 tweets | 7 linkedin
Barclays takes another payments hackathon crown; Holvi and Azimo talk disruption

Barclays takes another payments hackathon crown; Holvi and Azimo talk disruption

03 June 2013  |  9884 views  |  0 comments | 8 tweets | 6 linkedin
Barclays takes the crown at Digital Wallet Foundry

Barclays takes the crown at Digital Wallet Foundry

22 March 2013  |  14197 views  |  0 comments | 11 tweets | 7 linkedin
Barclays preps social enterprise hackathons

Barclays preps social enterprise hackathons

06 February 2013  |  10779 views  |  0 comments | 16 tweets | 6 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.fivedegrees.nlvisit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9868 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8929 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8595 views comments | 17 tweets | 19 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8021 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7677 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job