18 August 2017
Find out more

Barclays Bank kicks off fintech accelerator programme

09 December 2013  |  12072 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  |  7798 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  |  15106 views  |  4 comments | 18 tweets | 19 linkedin
Barclays revamps Pingit for mobile commerce play

Barclays revamps Pingit for mobile commerce play

16 September 2013  |  9614 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  |  9794 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  |  14065 views  |  0 comments | 11 tweets | 7 linkedin
Barclays preps social enterprise hackathons

Barclays preps social enterprise hackathons

06 February 2013  |  10681 views  |  0 comments | 16 tweets | 6 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.abe-eba.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real Time Payments is...
A Finextra member Finextra Member Commented on: Real Time Payments is...

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10382 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8557 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7974 views 0 | 1 tweets | 9 linkedin
Hong Kong fintech accelerator sets up shop in MalaysiaHong Kong fintech accelerator sets up shop...
6935 views comments | 9 tweets | 3 linkedin