London start-up accelerator Start Tank welcomes first five members

The first five UK start-ups to join Start Tank London; a new accelerator programme from PayPal and Braintree which looks to “drive success and growth”, have been announced.

Set to move into Paypal and Braintree’s offices for six months, the chosen companies include BarPass; a mobile app which allows you to view bar and restaurant menus, order and pay on your mobile device, and London delivery app Henchman and Co which brings anything from restaurants, grocery stores and retail stores in 60 minutes.

Having originally unveiled the initiative in July, Paypal and Braintree want the programme to build on the success of American counterpart Start Tank Boston and alongside office space, will provide mentoring and business opportunities with angel investors and venture capital firms (VCs).

The five early-stage tech firms will also receive access to PayPal’s tools to “help businesses grow” – the Startup Blueprint.

The progamme will conclude with a demo day where the businesses will share their business models and growth strategies.

The five start-ups joining Start Tank London are:

• BarPass
• Henchman and Co
• Localz – the recent winner of the John Lewis JLAB programme
• Megatransfert Finance
• Trendii

Discussing the programme on the PayPal blog, PayPal and Braintree develop relations senior director, John Lunn, said:

“The calibre of the entries to the programme was exceptional, and these start-ups represent some of the best examples of innovation in the UK at the moment. They are developing solutions and services that will change the way which business work and people live their lives, and we’re excited to see how they evolve in the next six months!”