October 3, 2016
Charlotte, NC – Queen City Fintech begins accepting applications for its 2017 accelerator program Monday from October 3, 2016. Hundreds of financial technology, or FinTech, startups are expected to apply. All will be hoping to earn a place in the program’s just ten slots to have the opportunity to be mentored by industry leaders in Charlotte, NC, one of the nation’s second-largest financial services hubs.
Last year more than 150 companies applied from across the US and 30 other countries, said Dan Roselli, Queen City Fintech Managing Director. Queen City Fintech companies have raised nearly $6M in funding to date, and that number continues to grow.
This year’s applicants will apply to the Queen City Fintech program via a platform provided by their partners at MEDICI, a global research company that focuses exclusively on the financial services technology sector. The MEDICI platform is powered by Let’s Talk Payments, the #1 destination for global FinTech insights that reaches 100,000 innovators in FinTech ecosystems around the world every day. Because of MEDICI’s broad reach and Let’s Talk Payment’s strong ties to the FinTech industry, Queen City Fintech expects the competition for program slots to be the fiercest yet.
Queen City Fintech is a year-long accelerator program; the first 12 weeks take place on-site in Charlotte and are designed to mature post-revenue startups through intense mentorship from leading banking executives, business development professionals, venture capitalists and attorneys, among others in the city’s robust business community. Accepted companies also receive a $20K minimum capital infusion from the program with the potential for follow-on funding for the top performers in the program.
We were blown away by the access the program provided us to financial industry leaders and other top-level professionals, said Jad Chahine, Founder of Class 5 company, Moulah. That, combined with the low cost of living and high quality of life in Charlotte, made launching our company so much easier and more successful.
Queen City Fintech has received overwhelming support from Charlotte and its business community, including sponsors international consulting firm North Highland and Womble Carlyle, an AmLaw 200 law firm, as well as Bank of America, Ally Bank, Wells Fargo, BB&T, Synchrony Financial, Babson Capital, MassMutual and EY. Roselli and the program’s executive committee also work closely with the city’s Charlotte FinTech Initiative, a coalition of top financial services executives, civic leaders, and FinTech entrepreneurs to make Charlotte the global hub of FinTech innovation.
For additional program details, please visit http://www.qcfintech.co/.