Wells Fargo picks startup accelerator participants

Wells Fargo picks startup accelerator participants

Wells Fargo has unveiled the three early-stage companies that have battled through a crowd of nearly 300 applicants to make it to the spring class of its startup accelerator programme.

The San Francisco-based bank revealed at Finextra Future Money in London that Bracket Computing, which harnesses the public cloud to run enterprise applications; Context360, which interprets and predicts mobile application behavior to help firms engage users; and MotionSavvy, maker of the world’s first two-way communication software for the deaf, have made it onto the programme.

For six months the three firms will be given support to develop and refine their products, access to potential customers, and a direct equity investment of between $50,00 and $500,000.

"We guide startups through commercializing and marketing their ideas to financial services companies or other enterprises," says Braden More, head, enterprise payment strategy, Wells Fargo. "We get them ready to plug in to enterprise systems and become part of the corporate stack."

Applications are already being accepted for the programme's autumn class.

Finextra caught up with Bipin Sahni, head of innovation and R&D at Wells Fargo at the Future Money conference in London, where he expounded on the aims, ambitions and achievements of the programme.

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