Press release: Financial Venture Studio Seeks Next Class of Seed-Stage FinTech Startups
Monday, February 18, 2019
The Financial Venture Studio (FVS) is now accepting applications for its next class. Interested U.S.-based companies should apply today for the chance to be part of the nation’s premier program for seed-stage fintech startups. Selected companies will receive an investment of between $50,000 and $1M in capital from the Studio, and will participate in a bespoke six-month, non-residential program designed to help early stage fintechs navigate critical elements of the financial services industry. Applications are due March 24, 2019. More at: www.finventurestudio.com/apply-now/
Collectively, FVS partners have invested in and advised many of the fastest-growing and most successful fintech startups of the last decade. The Financial Venture Studio is designed to solve for fintech-specific issues the team has seen over the last several years.
“Getting it right in fintech is harder than practically any other startup vertical — and it’s much more painful when you get it wrong,” says FVS Managing Partner Ryan Falvey. “The Studio aims to reduce the friction inherent in this vertical, so that more startups succeed, and more innovation reaches the parts of the financial services industry that need it most.”
The Studio’s most recent class of fintech startups includes Atlas Health, HoneyBee, Joust,Roger.ai, Telescope Money, and Token Transit. “This is probably the most valuable program you can do as an early stage fintech startup anywhere in the world,” says Cathrine Andersen, co-founder and CEO of Roger.ai. “Our participation took us to where we wanted to get much quicker than we could have on our own, primarily through an incredibly strong network and valuable hands-on advice.”
FVS seeks technology companies in the financial services industry who are launching products that have the ability to transform the industry. When making investments, FVS prioritize firms that demonstrate rapid execution, strong initial product growth and user engagement. “We think our program is well suited to highly technical teams that need to learn more about some element of the financial services industry to be successful,” says Falvey.
Photo courtesy of Ava Systems.