Columbus, OH– FintechAccel | CU launched in 2019 with the support of the CUSO, Sherpa Technologies, and a number of leading credit unions and experts within the financial services/fintech industry. FintechAccel | CU’s inaugural year was an outstanding success, in both identifying the issues facing the credit union industry and showcasing a diverse portfolio of innovative fintech startups to solve problem statements identified by the program participants. Due to the tremendous success experienced interacting with the first cohort of fintechs, FintechAccel I CU is launching the application process for the second cohort of fintech startups.
Through this unique collaboration of progressive credit union industry executives and serial fintech entrepreneurs, FintechAccel | CU’s innovation platform will be able to increase engagement opportunities, scale new solutions faster, and create a unique competitive advantage for participating credit unions. Initial sponsoring participants of FintechAccel | CU are Corning Credit Union, Gulf Winds Credit Union, Kemba Credit Union, KEMBA Financial Credit Union, Northrup Grumman Federal Credit Union, One Nevada Credit Union, Virginia Credit Union, and Connect Financial Software Solutions (ConnectFSS).
“The need for innovation and digital customer experiences just went into warp speed due to the unforeseen situation that hit us in the first half of 2020, and FintechAccel |CU is the perfect platform for Credit Unions to find and partner with fintech startups to help them accelerate innovation,” says Kevin Pohmer, Managing Director of FintechAccel.
Startups who participate in the 2020 cohort will be invited to Sherpa’s FintechAccel |CU virtual one-day Fintech Showcase this November. The Showcase will include mentoring from the FintechAccel I CU participants and Fintech Advisors, an opportunity to pitch to Credit Union industry leaders, and access to potential Credit Union partners and prospective customers. Interested startups can apply at fintechaccelcu.com. The application process for fintech startups will begin on July 22, 2020, and conclude August 24, 2020.
“The level of engagement between the first cohort of Fintechs and the FintechAccel I CU program participants was outstanding. Program activities included an in-depth review of user experiences and opportunities to engage directly with program participants to discuss their unique solution requirements. We look forward to evaluating an outstanding group of Fintech solutions in the second cohort, and providing the program participants with access to an expansive global Fintech network aligned with their specific digital transformation and innovation initiatives”, says Keith Riddle, President & CEO of Sherpa Technologies.
FintechAccel is a platform that creates ecosystems for financial services organizations to engage in external innovation; specifically with fintech startups and solutions. Led by a team of serial entrepreneurs, FintechAccel leverages their knowledge and networks to operate fintech accelerators, showcases, events, and its unique Venture Studio model. Learn more at fintechaccel.com.
ABOUT SHERPA TECHNOLOGIES
Sherpa Technologies is leading credit unions on a journey of digital transformation to provide integrated, seamless, and personalized member experiences. Their team’s extensive knowledge is leveraged to complement their partner credit unions with the desired insights so that they can successfully serve their members in a dynamic digital financial marketplace. Sherpa’s flagship digital business platform, Mosaic, provides a comprehensive application development framework, integrating an ever-expanding suite of solutions with credit union systems and applications, and optimizes data to drive personalization and credit union growth. Sherpa Technologies is a credit union service organization (CUSO) of Corporate One Federal Credit Union. Learn more at sherpatech.org.