FOR IMMEDIATE RELEASE
Contact: Sarah Smith, Queen City Fintech
QUEEN CITY FINTECH SPRING 2017 ACCELERATOR CLASS KICKS OFF
SPONSORS AND MENTORS WELCOME TWELVE COMPANIES TO THE QUEEN CITY
CHARLOTTE, N.C. – More than 100 people, from banking executives to entrepreneurs to civic leaders of Charlotte, gathered at HQ Charlotte at Packard Place to welcome Queen City Fintech’s Class 6 to Charlotte. The Welcome Party celebrated the start of this spring’s Queen City Fintech class, which began work March 27.
The Welcome Party provided sponsors, mentors and companies in the spring 2017 class the first opportunity to network and connect with each other. Mentors provide Queen City Fintech companies coaching and guidance throughout the program and beyond. Wednesday marked the start of the mentor matching process between Class 6 companies and mentors in the Queen City Fintech community.
Dan Roselli, managing director of Queen City Fintech, knows the accelerator program would not be able to find success without the support of the mentor network the organization has built over the last six years. “This event rolled out the civic red carpet to these fintech founders who have just moved to Charlotte for 12 weeks,” said Roselli. “The goal is to have them fall in love with the Queen City and all it has to offer from both a quality of life perspective as well as the business advantages of Charlotte.”
Queen City Fintech runs a highly competitive, yearlong accelerator program. The first 12 weeks take place on-site in the heart of uptown Charlotte, with remote support for the remaining nine months. Banking executives, business development professionals, venture capitalists, attorneys and other supporters of Charlotte’s entrepreneurial community sponsor the program, provide comprehensive mentorship, assist in the curriculum and help build cohort company’s network while on-site. In addition, cohort companies receive a $20,000 capital infusion upon arrival with the potential for follow-on funding for the top performers in the program.
Class 6 companies enjoyed the event, where they were able to meet sponsors and connect with mentors, and are excited to join the Charlotte fintech community. “The event really underscored why we chose Charlotte and the Queen City Fintech program,” said Byron Sorrells, CEO and Co-Founder of Courier. “We were offered spots in several fintech accelerators around the world, but we chose Queen City Fintech because of Dan Roselli and the Charlotte community.”
Queen City Fintech has received overwhelming support from Charlotte and its business community. The program is driven by the largest sponsor and mentor network of any fintech accelerator in the world, which includes international consulting firm North Highland and Womble Carlyle, an AmLaw 200 law firm, Bank of America, Ally Bank, Wells Fargo, BB&T, Synchrony Financial, Barings Capital, MassMutual, LPL Financial, DC74 and Ernst & Young.
“Charlotte is a major financial hub and as such, collaborating with Queen City Fintech is a great way for Ally Financial and its peers to advance technology capability in our city,” said Drew Lockhart, Chief Information Officer for Consumer & Commercial Banking Technology at Ally Bank.
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.
Keva Walton, Charlotte Chamber Chief Growth Officer Economic & Talent Development, welcomed the current Queen City Fintech class and addressed the sponsors and mentors. “Talented individuals aren’t just hired by companies; they also create them,” said Walton. “Entrepreneurial thinking, action, and innovation are foundational to Charlotte’s growth and emergence as an economic powerhouse; and the chamber is excited to partner with the existing entrepreneurial community to cultivate these efforts.”
The Queen City Fintech Spring 2017 Class is:
Amicus (Charlotte, NC) – Streamlined process for global aid
RegSmart (Durango, CO) – BSA and cyber security risk management and governance “in a box”
Catapult (Charlotte, NC) – Streamlined web platform for RFPs
Commandiv (NY, NY) – Smarter stock trading platform with personalized trade suggestions
Curu (Washington, D.C.) – Robo-advising for credit
Edquity (NY, NY) – First of its kind financial planning app for high school and college students
Envudu (Springville, UT) – Cash envelopes on a debit card to prevent overspending
Finsophy (San Francisco, CA) – The world’s first platform for Quadruple Bottom Line (QBL) focused personal finance
Courier (NY, NY) – Predictive marketing for retail banks to better engage existing customers with personalized messages
Quartix (Tel Aviv, Israel) – Secure cloud platform connecting the full supply chain into one ecosystem
Saffe (São Paulo, Brazil) – Payment authorization through facial recognition
Zikher (San Francisco, CA) – Singular, white-labeled loan platform for customers of small banks
About Queen City Fintech:
Queen City Fintech is a startup accelerator and seed fund focused on financial services technology (fintech) companies. Our corporate sponsors support Queen City Fintech year after year for strategic access to innovative fintech startups, and opportunities for employee engagement, talent attraction, and economic development in the city of Charlotte. For fintech startups, we serve as the gateway to hundreds of potential clients, advisers, and investors.
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