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Standard Bank partners with INV Fintech accelerator, here’s how you can apply

With the deadline for the next cohort just a week away, global fintech accelerator INV Fintech has announced that Standard Bank has joined its programme as a partner.

In a press release on Tuesday (19 September) the accelerator said as part of the partnership, Standard Bank will provide mentorship and assist in conducting market trials. In addition, the bank will also be able to invest and acquire startups in the accelerator. The application deadline for the next cohort is on 28 September.

The US-based post-seed stage accelerator was launched in 2015 in a partnership between fintech news service Bank Innovation and financial services company Fiserv.

The application deadline for INV Fintech’s next cohort, Class 4, is on 28 September

Jennifer Ruther, a researcher at INV Fintech, told Ventureburn that although the programme had in previous cohorts not worked with any African startups, it is open to applications from African startups.

She said that the accelerator is likely to admit seven or eight startups into its next cohort.

The organisers are in search of startups that are involved in developing solutions that have the potential to disrupt financial services, particularly around big data, analystics, alternative lending, risk management, security authentication and enterprise collaboration.

Although the acceleration programme runs remotely (via the internet), those startups that are accepted into the accelerator can benefit from a host of services including financial, legal and marketing support.

In addition, startups can expect direct feedback from financial institutions as well as access to application programming interfaces (APIs) and bank services.

Want to apply? You can do so here.