Plug and Play Fintech announced on Monday that is has selected Los Angeles based financial technology startup, Netki, to be as one of only twenty four startups to join the fourth batch of its accelerator program.
As part of the twelve week accelerator program, Netki and the other selected companies will be able to engage closely with key decision makers from Plug and Play’s strong network of partner companies and financial institutions, including Bank of the West , BanRegio, BNP Paribas, Capital One Growth Ventures, Credit Suisse, Deutsche Bank , Finstar Labs, Intuit, JCB, MUFG, Santander, Sumitomo Mitsui Banking Corporation, TD Bank, USAA, and others. Plug and Play Fintech selected less than 3% of the over 800 fintech startups that applied for this elite program.
For Plug and Play’s partners, the program provides them with the ability to collaborate with the world’s top FinTech startups, and pioneer innovative new solutions that leverage the latest technologies to address common industry challenges and create new business opportunities.
Netki, Cofounder and CEO, Justin Newton, had this to say about being selected for this batch: “We at Netki are thrilled to be selected as one of the startups in Plug and Play’s latest fintech startup batch. One of the key barriers to wider deployment of new and innovative products in the financial services industry has been a lack of standards and solutions that can allow them to operate these services, and remain in compliance with current AML/KYC regulations while protecting the rights of end users. The combination of our new identity solutions, and Plug and Play’s incredible network of partners, will allow us to work together with clients to help them critically evaluate potential opportunities, and accelerate projects’ move from the proof-of-concept stage, to in-market services.”
Plug and Play Fintech’s Scott Robinson had this to say about the opportunities for both Netki and Plug and Play’s partners that will be fostered through the program: "Netki, and the founding team behind it, bring an exclusive history of expertise and success to their latest company in helping to expand blockchain infrastructure. We are very excited as both an investor and a partner in working with Netki through our current class and most certainly beyond."