Earlier this week, Charlotte-based Queen City Fintech announced ten fintech companies were selected for its inaugural Fall Cohort. The twelve-week accelerator program is set to begin with Class 7 on September 6th and conclude with the inaugural Southeast Fintech Venture Conference on November 20th. The program’s description reads:
“Queen City Fintech is a year-long accelerator program. The first twelve weeks take place on-site in Charlotte and are designed to mature post-revenue startups through intense mentorship from leading banking executives, business development professionals, venture capitalists and attorneys, among others in the city’s robust business community. Accepted companies also receive a $20K capital infusion from the program with the potential for follow-on funding for the top performers in the program.”
While sharing details about the new class, Dan Roselli, Managing Director of Queen City FIntech, stated:
“We are especially excited that Class 7 Demo Day will be held in conjunction with the Southeast Fintech Venture Conference in Charlotte on November 20th. We expect this conference to be the largest Fintech Venture gathering in the Southeast and it will be a great showcase for our Class 7 companies.”
Queen City Fintech also shared that Class 7 marks the program’s expansion to two cohorts a year and is the next step on the path to solidifying Charlotte as a top fintech innovation hub. Current fintech hubs such as Singapore and Atlanta are well represented in Class 7. Seven of the ten companies have a minority, female or non-white, founder represented on their team. The program is driven by the largest sponsors network of any Fintech accelerator in the world, including North Highland, Womble Carlyle, Bank of America, Ally Bank, Wells Fargo, BB&T, Synchrony Financial, Barings, LPL Financial, Zenmonics, Grant Thornton, AIG, and Ernst & Young.