Sydney Australia-based Fintech accelerator H2 has recently accepted its new round of startups, including the sports trading game FanTrade and personal chef delivery app DishMe. These companies differ from H2’s typically financial focus.
This new company approach can be explained by a January blog
post by Toby Heap, one of H2’s co-founders.
“We like the potential of prediction markets or futures markets that are applied to alternative industries such as digital advertising inventory. We especially like these when they are delivered in a decentralised way.”
Each of H2’s seven new startups will give up 10% of their company equity in exchange for $100,000 and six months at the accelerator in Sydney’s Central Business District. These new ventures will look to follow in the footsteps of H2’s 25 other startups, which feature names such as Edstart, Equitise, Hashching, and Stockpot.
Joel Robbie, founder of the financial advice startup Nod, raved about the accelerator.
“[H2 was] the best possible platform from which to solve the problem of equitable access to great advice about money for young people”.
The other five startups accepted in this round of applicants are the bill-splitting app Divi, good-business investment tech Goodments, networking assistant InsideSherpa, and customer relations aid Reji.
“We are once again delighted with the quality of applicants received for this round of the accelerator and have chosen seven fantastic teams, of passionate founders who are driven to change the world,” said Toby Heap.
This graduating class will be showcased in June at H2’s fintech Expo Day. Applications are now open for the next wave of startups, which will start in the accelerator in August.
H2 has also added an interesting twist to their program. The accelerator has recently announced the launch of the H2 Intern Program, specifically designed to support women who are interested in working in Fintech and or Venture Capital. Going forward, H2 will invite a number of candidates to participate in the Program from Australia or abroad to spend up to 12 weeks working with the H2 Team in its Sydney offices.