Techstars, the worldwide network that helps entrepreneurs succeed, and Western Union Company (NYSE: WU), a leader in cross border, cross currency money movement, have come together to spur the next generation of disruption in the fintech sector with a focus on payments and seamless global money transfer, and are pleased to announce the Western Union Accelerator Powered by Techstars. This is the third mentorship-driven accelerator program for Techstars in the Denver-metro area, following Techstars Boulder Accelerator and Techstars Sustainability Accelerator in Partnership with The Nature Conservancy.
Entrepreneurs in the program will create innovative solutions to some of the industry’s latest challenges including ML/AI, crypto and blockchain technologies, analytics and omni-channel platforms while leveraging both the start-up industry’s leading minds complemented with the corporate experience of Western Union’s executives.
Western Union and Techstars encourage all fintech, payments and related field startups addressing digital customer experience, point-of-sale solutions, fraud prevention, global identification, cross border transaction processing, digital wallets, and related technologies to apply to the accelerator program.
By partnering with a global company like Western Union, Techstars can foster the right connections for a multitude of startups and help them gain access to the mentorship and resources they need to succeed. Colorado is already one of the leading technology centers in the world, led by companies like Western Union. This partnership will foster innovation and help change the fortunes of young innovators locally and globally by bringing their ideas to life for people around the world.
Applications will open in December 2018 with the program kicking off in June 2019. Companies interested in applying are encouraged to check out the Techstars Application Toolkit.