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Plaid accelerator announces inaugural cohort of fintech startups

Plaid has announced the inaugural cohort of startups in its new accelerator program, FinRise.The equity-free and capital-free program has chosen five early-stage fintech startups out of 100 applications to join its cohort. The accelerator is explicitly focused on backing underrepresented founders in tech.

While participants don’t get funding, FinRise has collated a number of “capital access partners,” which basically means investors who are committed to meeting with these companies and potentially writing a check. This network includes Accion, Acrew, Amex Ventures, Flourish, Harlem Capital, Kapor, Matrix, Village Capital, Visible Hands and First Round.

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payments, banking