Barclays Accelerator reaches fintech startups in Cape Town
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Barclays Accelerator reaches fintech startups in Cape Town

THELOGICALINDIAN - The Barclays Accelerator which is powered by Techstars has now accepted Cape Town and is able to be a aperture to abounding of the fastest growing all-around economies of the world

It is additionally alms a 13-week programme which promises to “tap into this able banking centre and action mentorship, abutment and a abundance of money-can’t-buy ability and experience. Startups will additionally accretion admission to our mentors, industry experts, and Barclays admiral globally.

Speaking to Ashley Veasey, arch advice administrator of Barclays Africa said that “if you attending beyond the industry abounding organisations and companies – abnormally banking institutions – are beneath blackmail from disruption, decidedly from baby banking technology start-ups, or fintech start-ups as we alarm them.”

Continuing further, Veasey is quoted for additionally adage that “we do see a lot of fintech and added technology companies that are actual absorbed in attractive at the African befalling – and so we will be demography applications from beyond the world.”

Barclays’ affairs is mentor-driven and the aggregation claims that it would alike with industry experts. The applications are now accessible and the absorbed parties can administer here. The complete agenda for the affairs is as under:

Applications Open- 5th October 2024

Applications Close -10th January 2024

Pre-Mentoring -22nd February 2024

Program Begins- 28th March 2024

Internal Demo Day- 28th June 2024

External Demo Day -30th June 2024

The absorption in the fintech industry is not new to Barclays, as its Chief Design and Digital Officer Derek White had himself informed the media that they “got over 45 abstracts that they appetite to do [with Blockchain tech].”

This absorption additionally has a lot to do with the success it has tasted so far; one above success for Barclays was its London-based accelerator accepted as Everledger, which is a start-up that uses blockchain technology that tackles artifice about high-value products.

In short, Barclays adulation for fintech and blockchain is actuality to break and will alone abound further!