SixThirty, a global fintech venture firm, announced on Tuesday it is now seeking fintech entrepreneurs to join its Spring 2018 portfolio and participate in the go-to-market program, SixThirty 2.0. According to the firm, selected startups will receive up to a $250,000 investment, up from $100,000, in tandem with focused mentoring from a dedicated team of experts and executives from large global financial services companies.
“SixThirty’s mission is to attract the most innovative and promising B2B FinTech ideas, and work with like-minded corporate and civic partners to mentor and grow them into great businesses. This year, SixThirty will add several new corporate partnerships and collaborations with a network of companies that cuts across payments, banking, wealth management, transaction services, life and p&c insurance, technology and professional services. The partners will work with SixThirty to guide the startups in which it invests. This builds on the momentum of multi-year partnerships with existing corporate partners including UMB, Twain Financial, Reinsurance Group of America and State Farm.”
SixThirty also reported as part of its investment, each portfolio company undergoes an eight-week intensive program with mentorship and coaching from leadership at the company’s corporate and community partners, including operations and venture experts, academics and professional services firms. The program includes modules on business development fundamentals, pricing strategies, channel partnerships, effective storytelling, vendor management, and sales strategies. Atul Kamra, Managing Partner at SixThirty, then stated:
“SixThirty 2.0 presents an enriching opportunity for us to fund, mentor, and connect promising early-stage FinTech companies with some of the biggest names in financial services. As the financial technology sector evolves from a focus on disruption to a focus on collaboration, our St. Louis roots and deep relationships with industry leaders have allowed us to build an ecosystem and national network that drives innovation and provides a platform for us to tackle some of the biggest issues in financial services.”
The deadline for fintech companies to apply for participation in SixThirty 2.0 is February 9