Capital One UK is urging start-up and high-growth companies interested in its accelerator program to get their applications in – the deadline is this Sunday (June 12).
Growth Labs, in partnership with corporate innovation specialist and tech investor L Marks, aims to discover innovative new businesses and give them cutting-edge support to develop technologies for the financial sector.
Working out of Capital One’s Nottingham headquarters, selected start-ups can rapidly accelerate product development inside the walls of a digital leader in financial services.
Chris Owen, programme leader, said: “We’re delighted with the strong level of entries so far, but there has been a huge interest from the FinTech sector – we have been inundated with inquiries. I want to urge all those interested to get their application form in so they don’t miss the deadline.”
Applications are being invited to the programme in any of six categories:
• Unstructured data insight
• Security and fraud prevention
• Money management tools
• Enabling healthy financial habits
• Agent technologies
• Open category
The ‘Open’ category is available to any start-up with a potential offering to Capital One and could include; payment solutions, tracking, new lines of business or the physical/digital bridge.
Around 25 applicant companies will be selected to attend a pitch day on July 6, from which up to six will be accepted.
During the ten-week programme, successful businesses will have direct access to Capital One in order to refine and test their products as well as receiving close mentor support from the company’s extensive panel of experts as well as those from the wider tech industry.
The programme will conclude with a final presentation to a panel comprising business experts and investors.