Kiwibank launches second FinTech accelerator

Kiwibank announced last week it would launch version two of its innovation programme that would bring another set of FinTech start-ups to the global stage via its growth accelerator

Kiwibank launches second FinTech accelerator
Kiwibank has partnered with Callaghan Innovation and Creative HQ to launch version two of its innovation programme.

Kiwibank chief executive officer Paul Brock said the success of the first accelerator had encouraged the bank and its programme partners, Callaghan Innovation and Creative HQ, to launch version two the innovation accelerator.

“The first accelerator saw exciting new Kiwi companies such as Sharesies, Accounting Pod and Tapi successfully launched to market,” Brock said.

“With the second accelerator, we’re looking to help even more start-ups capitalise on what is a $1 trillion global FinTech opportunity, and to further grow New Zealand’s FinTech ecosystem.”

Broke said this time we want to have a strong international flavour and we’re targeting exciting overseas ventures interested in basing their FinTech operations here in New Zealand.

There is strong interest from start-ups in China, Korea and elsewhere to take part – these will help take New Zealand’s FinTech ecosystem to the next level, Brock commented.

Creative HQ CEO Stefan Korn said being able to run another FinTech accelerator with Kiwibank and Callaghan Innovation is an excellent step in the right direction, to put Kiwi FinTech on the map globally and to establish Wellington as New Zealand’s hub for innovation in the finance sector.

Applications for the Kiwibank FinTech accelerator opens on October 2, and the 14-week programme will begin in February next year.

In 2016, $26.3 billion was globally invested into FinTech start-ups.


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