The intensive programme is designed to fast-track the next generation of fintech businesses, while also bringing innovation and application opportunities to Barclays.
Michael Harte, Barclays’ Head of Group Innovation, said: “Our partnerships and experiments uniquely allow us to foster entrepreneurship inside and outside Barclays, and across our customers and clients.”
Emphasising the collaborative nature of the accelerator “to enable growth and value creation together”, Harte said the programme would “bring fresh insights, new technologies, and vibrant talent. We expect new customer services and real commercial value for our business.”
Chris Adelsbach, Managing Director, Techstars, said: “This programme has become, arguably, the most selective fintech accelerator in the world, with a growing list of alumni that are changing the face of financial services.”
Magdalena Krön, Head of Rise London (where the programme is based) and Vice President of Open Innovation at Barclays, said: "The new cohort is settling in very well. The first week is an introductory week, where they’re familiarising themselves with the programme, getting to know each other and getting to know the key stakeholders. This week they started 'mentor madness', which is a month of intense mentoring where they try to identify valuable connections that can help them accelerate the growth in the programme. It’s like speed dating with mentors.”
This year’s cohort includes founders and entrepreneurs from the UK, France, Sweden, Ireland, Tunisia, Israel and the USA. They comprise 11 independent companies and one internal Barclays team: