Capital One launches tech accelerator to “shape future of finance”
10-week programme will give six high-growth businesses the chance to develop innovative technologies and bid for investment
Credit card firm Capital One is to launch an early-stage start-up accelerator programme to discover high-growth businesses with the capacity to “shape the future of finance”.
Ran in partnership with L Marks, the Nottingham-based Capital One Growth Labs will offer support and advice to start-ups developing innovative technologies for the financial sector.
Successful applicants will also have access to mentorship from experts inside the company and from the wider tech industry.
The accelerator is looking for applicants in six categories: unstructured data insight, security and fraud prevention, money management tools, enabling healthy financial habits, agent technologies and an open category which could include payment solutions and tracking.
Around 25 applicants will be invited to attend a pitch day on 6 July, with six finalists then selected to take part in the 10-week programme which will culminate with an investor pitch finale in August.
Stuart Marks, chairman at L Marks, said: “It’s very difficult for start-ups working in or with the financial services industry to navigate its complex regulatory environment.
“Capital One Growth Labs will give teams dedicated business support focused on education, strategy and partnership – all essential to becoming successful in this field. We are excited to be partnering with Capital One and introducing our proven labs model into this dynamic sector.”