Inc. magazine last year named “fintech” one of the most promising industries of 2015, fintech being a term that’s come to represent the financial technology industry and its emerging startup ecosystem.
This spring, global banking technology services provider FIS will kick off its first fintech startup accelerator program in partnership with the Venture Center in downtown Little Rock. The VC FinTech Accelerator powered by FIS will debut May 13 from the Venture Center. The 15-week startup accelerator will give participants access to FIS leadership. Applications will be accepted through March 31 at VCFinTech.co.
FIS, based in Jacksonville, Florida, can trace its origin back to Systematics of Little Rock. Its west Little Rock campus, acquired in 2003 when FIS bought Alltel Information Services for $1.05 billion, is home to roughly 1,300 employees.
The accelerator will take up to 10 fintech startups from across the globe and provide a $50,000 initial investment with up to $300,000 in additional investment possible. Demo Day for the program is scheduled for Aug. 25.