21 October 2019

AWS launches ‘FinTech Loft’ in Stockholm

Written By FinTech Alliance

AWS launches ‘FinTech Loft’ in Stockholm

Amazon Web Services has partnered with VC firm WellStreet to launch a FinTech loft in Sweden.

In Brief:

  • Wellstreet invests in early stage ventures of which some have a FinTech focus.

  • The loft involves a twoyear program for early stage startups within the FinTech, RegTech and InsurTech space.

  • Startups can expect between €50200,000 as well as access to mentorship and office space.

What does this mean?

The initiative also includes a banking partner which is soon to be announced. It will start with up to 10 investments in 2020. According to Wellstreet, the program aims to set itself apart from other incubators by being in “the driver’s seat”, helping FinTech build their minimum viable product and secure further investment.

Read more here.

 

Up Next ...
23 February 2024

Zilch launches 'Pay over 3 months' BNPL product

The new product has already been made available to around ...

23 February 2024

TD Bank introduces Tap

Tap is used to Pay small businesses on iPhone.In brief:- ...

23 February 2024

Napier AI raises £45mn in Funding

The company intends to use the funds to accelerate its ...

22 February 2024

Former Virgin Money CEO appointed to chair Ozone API’s Board

Dame Jayne-Anne Gadhia selected as new Chair of the Board ...

More in Accelerator

BNY Mellon announces new FinTech graduates of its Ascent programme

29 January 2024

BNY Mellon today announced a new expansion of its earlier ...

Inicio AI selected to be part of Morgan Stanley’s 2023 global cohort of the Inclusive Ventures Lab

21 September 2023

Morgan Stanley (NYSE: MS) announced the 2023 global cohort of ...

Visa launches African FinTech startup accelerator programme

15 June 2023

Visa is launching a fintech accelerator programme for African startups ...

Barclays Eagle Labs launches project to scale green startups

02 November 2022

Barclays Eagle Labs has entered into a five-year partnership with ...

Videos Accelerator

The Launch of Accelerate and Mastercard's Fintech Journey

03 June 2019

Mastercard speaks at Money20/20 Europe about the changing fintech landscape, the launch of Accelerat...

There are no Events in this category