January 28, 2015
Jim McKelvey’s SixThirty financial tech accelerator program is currently accepting applications for their next class of startups through February 6, 2015. SixThirty will accept up to five startups in both its fall and spring classes, and the current selections will most likely be made at the end of February.
SixThirty invests up to $800,000 per year in later stage financial-based tech startups with working products. Each of the startups participating in the accelerator program will receive up to a $100,000 investment in exchange for a negotiated percentage of equity, usually between three percent and ten percent.
In October 2014 the accelerator named four new companies to its portfolio: DAVO Technologies, MyMoneyButler, New Constructs, and PFITR: these companies are set to graduate from SixThirty’s program later this week. There’s already been tremendous traction on the program which has only been around since August 2013.
The accelerator focuses on business development between the selected companies and the St. Louis ecosystem’s financial institutions like MasterCard, Wells Fargo, and Scottrade.
“They’ve structured the program very intelligently and their team is extremely high caliber,” says David Trainer, founder of New Constructs – a current SixThiry participant. “SixThirty has helped me accomplish more than I thought possible in 14 weeks.”
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