Categories: CryptoFinanceNews

Five Blockchain Startups Accepted into Plug and Play’s FinTech Accelerator

The world’s largest fintech accelerator Plug and Play, has announced the 23 startups to be accepted in its third batch of selections.

Five of the twenty three companies are blockchain-focused startups; mobile cryptocurrency remittance platform Abra; KYC blockchain identity verification platform BlockNotary; blockchain forensic analysis firm BlockSeer; supply chain tracking company Skuchain and bank-sponsored digital currency issuance platform Token.

The Plug and Play accelerator program is sponsored by some of the biggest names in finance and investment banking.

“The current corporate partners of the program include Assurant, Banco Original, Bank of the West, BNP Paribas, Capital One, Credit Suisse, Deloitte, Deutsche Bank, Finstar Labs, Intuit, JCB, MUFG, Santander, Sumitomo, TD Bank, USAA, and U.S. Bank.”

The Plug and Play fintech accelerator only accepts 20-30 new companies in two selection rounds, which are held twice per year. Entrants are selected by the program’s corporate sponsors and backers.

Startups that make it into the three-month program are given mentorship sessions, as well as assistance with “pilots, investments and even acquisitions”.

Scott Robinson, Director and Founder of Plug and Play FinTech, was pleasantly surprised at the the level of commitment this latest round has received from the VC and financial partners of the program, “This unprecedented level of support will result in new levels of innovation from our startups.” Said Robinson.

All 23 startups will be given the chance to present their innovative prototypes and proof-of-concepts at Plug and Play’s FinTech, Retail, and Materials EXPO, which will take place on the 25th of May.

 

 

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