We are thrilled to announce and welcome the next twelve companies to the 2017 Barclays Accelerator powered by Techstars. This programme has become, arguably, the most selective Fintech Accelerator in the world with a growing list of alumni that are literally changing the face of financial services. Today is the first day of the programme that will run for the next thirteen weeks.
The programme brings together two powerful networks: Barclays, a global bank at the forefront of change and digitization, and Techstars, a 1.5 million person ecosystem that literally helps entrepreneurs from innovation to IPO. Our nearly 900 portfolio companies have raised over $2.7 billion in capital and 100 have had been acquired.
In addition to being selective, this programme is remarkably global and diverse. Incredible British founders will be joined by entrepreneurs from France, Sweden, Ireland, Tunisia, Israel and the USA. They were selected from an applicant pool focused on next generation technology for the financial services industry. Companies in this class are working on solutions in artificial intelligence, regulation-technology, simulation-as-a-service, payments, identity, banking API’s, alternative data-sets and blockchain.
I’d like to thank our mentors, sponsors, partners and alumni for their generous support. We look forward to another great class this winter!
Here are the companies:
Shieldpay – Simple Secure Escrow.
Courtsdesk – Courtsdesk is the ultimate legal reporting service, extracting new information from the legal system for up-to-the minute news, legal and financial risk research, and business insight.
Alyne – We enable organisations to painlessly comply with standards, laws and regulations and measure compliance and cyber security risk.
Citizen – Citizen is an identity-as-a-service company using encryption and tokenisation for the frictionless and secure exchange of identity, ownership and reputation.
Bokio – Your digital controller always at hand for you and your business, free of charge.
HaloTrade – HaloTrade is an application to drive sustainable and transparent global supply chains, combining blockchain technology, mobile apps and supplier financing.
Bean – Bean is the simple way to find, track and manage all your bills and subscriptions.
Barac – We help financial institutions, telecoms and retailers detect and predict fraud in real-time across their network.
Homeppl – Homeppl is an intelligent risk assessment tool for landlords about tenants.
Nevis – Creating the future of open banking through secure and trusted instant messaging.
Flux – Flux solves the problem of keeping track of receipts by automatically linking them to payment cards whilst making use of key receipt data.
Simudyne – Artificially intelligent simulations for financial institutions.
The program will start on 23rd of January and the Demo Day will be on the 19th of April.
We are looking for exceptional founders who are tackling difficult problems and are going after big opportunities. We are specifically looking for founders working on applications of AI/machine learning, blockchain, payments, cyber-security and big data. Our definition of fintech includes insurance-tech and regulatory-tech as well as “traditional” fintech. As financial services is a global sector and Barclays is a global partner, we welcome applications from anyone and anywhere.
Ready to apply? Click here to start your application.
We are holding office hours in London, Cologne, New York, Paris, Stockholm, Dublin and remotely through Skype. If you’d like to meet with us, please fill out this meeting request form.
Throughout August-October: London
Throughout August-October: Remote Skype meetings
Sept 1: Berlin
Sept 6 & 7: Cologne (Pirate Summit)
Sept 12 & 13: Dublin
Sept 15 & 16th: NYC
Sept 22nd: Stockholm
Sept 28 & 29: Paris
We’re hosting two drinks events in September for interested startups to hear all about the programme from our alumni and executives from Barclays and Techstars.
Sept 8th @ 6pm – London: register here.
Sept 12th @ 6pm – Dublin: register here.
We’ve created this webinar to answer some of the questions that you may have about our programme. Please ensure that you watch it before you meet with me so that we can make the most out of the time we have.
Also, I’ll be hosting two live, group information sessions. These are interactive sessions, participants will be able to ask questions and hear more about the specifics of the programme.
Information session 1 – August 25th 5pm GMT: Register here
Information session 2 – September 26th 5pm GMT: Register here
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Why Apply to the Barclays Accelerator powered by Techstars?
Another Techstars MD has written about Top 10 Reasons to Join (or not Join) an Accelerator. In addition, here are the things that are particularly great about the Barclays Accelerator powered by Techstars London programme:
Reason #1: You get access to AMAZING mentors
Our mentors are a diverse and amazing collection of financial services executives, successful entrepreneurs, city power-brokers, top angel investors and venture capitalists, as well as amazing mentors with backgrounds in product, engineering, legal, marketing and finance. In addition, you get instant access and mentorship to senior Barclays team members who define success as you being successful. Most of our mentors have been with us for years and are trusted, connected and effective as evidenced by the qualitative and quantitative feedback we get back from our founders.
Reason #2: You really grow & accelerate your business
The program is rigorous and results driven. We help the companies make tangible progress and help grow and accelerate their business. 80% of the companies that joined were able to announce a proof-of-concept with Barclays on Demo Day and 100% announced partnerships with at least one large corporate that they met during the programme. At Demo Day, companies present their business to a curated group of investors and partners. Our last Demo Day was held at Indigo at the O2 Arena and over 850 people were in attendance, of which over half were VC’s or angels. The companies announced various deals, partnerships and proof of concepts that were initiated and agreed during the programme. These included deals with Barclays, Thomson Reuters, Swiss Re, Unicredit, Capita and many others.
Reason #3: Companies have gone on to raise very successful funding rounds
Having paying customers helps generate investor interest, and this interest has translated into very successful funding rounds. Companies such as Post Quantum, Ravelin, Do Pay and Cutover are just a few examples. Globally, Techstars has the highest success rates for follow-on funding, over 90 successful portfolio company exits and $2.4 Billion of combined portfolio financing.
Reason #4: You get a network for life
Techstars is not just an intensive programme. It is one of the largest and fastest growing networks of entrepreneurs around the world. Once you are a part of Techstars, you are a part of Techstars for life, and you get to be part of the network that helps you go faster and accelerate your current and future businesses. For instance, Techstars has a team of five people in the Valley that run partnerships and M&A which companies tap into many months or years after they finish the programme.
Reason #5: In London, you are at the centre of the global FinTech scene
London has become a great place to build a startup. You will be located within minutes of many of the world’s largest banks, asset management and wealth management businesses. What’s more, a supportive government, forward thinking regulator and Europe’s largest VC ecosystem are all nearby (not that you’ll need to visit them as many of them treat our accelerator as a hub and regularly meet startups here)!
What Founders say about us and the program
Founders appreciate and value our work. We received an incredibly high, 91 Net Promoter Score (NPS) score from the latest Techstars Barclays London Autumn 2016 programme. Here is what founders are saying about our program:
Freddy Macnamara – CEO, Cuvva:
“The Techstars program was a truly transformational experience for Cuvva; we were able to expand our network of supporters by a factor of ten, re-align the direction of the company and eventually partner with the second biggest global re-insurer, all in the space of 12 weeks! Would recommend.”
Ky Nichol – CEO, Cutover:
“The Barclays Techstars Accelerator is a tremendous platform of growth for us. Having been selected, we were fortunate to move from two proof of concept uses of our software to 15 uses across the bank. Barclays gave us unparalleled access to senior technologists and opened itself up, in a safe way, as a sandbox so we could experiment. We went on to raise a financing round post programme and then signed a Global Framework Agreement with Barclays. We are really thankful to have taken part.”
Sasa Sarunic – CEO, AgentCASH:
“The main motivation for us at AgentCASH to apply for the programme was to access FinTech investors and high-profile industry experts – something that completely paid off. It would have taken years to accomplish this if we had tried to build the network on our own. Some of the Techstars mentors, like Gary Turner, Managing Director of Xero, become big supporters of our company, not only with advice, but also by actively promoting our business, as evidenced here.
Mickey Costa – Co-MD, Atlas:
“Atlas started with a big vision of banking the unbanked when they joined TS Barclays in London during 2015. 3 of the technical associates immediately gravitated towards Atlas and joined us in Senegal. Now, all 3 work for us full time and live with us in Ghana! Having access to this talent pool allowed us to initially test and grow our product as we had a small team with many holes to fill, but it more importantly, it resulted in us establishing a family culture early on that we are now adding to as we rapidly grow. Of the many values of the program, the access to talented people was by far and away the best value add we could have hoped for.”
Leanne Kemp – CEO, Everledger:
“Being part of the Barclays London Techstars program has allowed us to accelerate beyond any normal ramping for an early stage startup. The program has opened doors to a global network of connections and resources that has helped build and scale a business that would typically take five years to establish. Techstars has also integrated us into a larger community of startups, allowing us to extend the fabric of our technology. It’s like an all you can eat buffet – with butler service”
Anderson Cheng – CEO, Post-Quantum:
“We entered the Techstars/Barclays Accelerator as a company with 6 years of R&D behind it and a team comprised of founders at an older age than your average founder. Through the expert mentoring and privileged access offered, we were able to move quickly towards commercialisation.”
Check out the full re-cap and pitches from our recent Demo Day.
We look forward to reading your applications!
We are thrilled to announce and welcome the next eleven companies to the 2016 Barclays Accelerator in London. This will be the third class in London and the fourth of the global Barclays Accelerator program. Today is the first day of the session that will run until our demo day on April 18th.
The select group of companies come from a diverse pool of applicants from 77 countries and across a variety of verticals in the financial services space. The Barclays Accelerator continues to support incredible founders with teams that are focused on the next generation of technology for the financial services industry. Companies in this class are working on solutions in machine learning prediction, compliance-as-a-service, smart insurance, IoT, payments, social impact investing, underbanked savings, and cyber security.
We’d like to thank our Techstars team supporting the program, the 32 Barclays Accelerator alumni companies, and the 300+ Techstars and Barclays mentors for their generous support. We look forward to a great session this winter.
Here are the companies:
|AgentCASH is a platform for merchants to manage their retail business with seamless payments, inventory, and accounting.|
|Barclays’ Smart Contract Templates is developing a technology for capital markets that enables financial products to be defined in a novel way, permitting both legal contracts and executable business logic to be generated.|
|Cuvva lets you instantly insure your car by the hour.
|DigiSEq transforms any IoT or wearable into a contactless payments device.|
|Forwardlane is bringing cognitive computing from IBM Watson to wealth managers everywhere.
|Helm is a compliance-as-a-service platform automating legal and regulatory processes for governments and the enterprise.|
|MARK Labs allows wealth managers to optimize social impact investing for their clients.
|Seldon helps enterprises quickly deploy real-time machine learning recommendations and predictions.
|Swift is a mobile personal savings tool for unbanked consumers in emerging markets.
|Tallysticks is a blockchain-based invoice automation and financing platform.
|Zighra is a cyber-security company that prevents account takeover and automated attacks by using cognitive analytics to monitor user interaction with smart devices.