Amazon Web Services (AWS) today announced the launch of its first Global Fintech Accelerator, a six-week program designed to help fintech startups bring smarter financial services solutions to market by leveraging the power of AI/ML and the cloud.
The AWS Global Fintech Accelerator will select 150 fintech startups from across North America (NAMER), Europe, the Middle East, Africa (EMEA), and Latin America (LATAM). Selected startups will receive one-on-one business and technical mentorship covering funding, scaling, and go-to-market strategies, as well as AWS technical fundamentals, cloud, AI/ML adoption, and much more.
“We are making big bets on the potential of generative AI to significantly change every customer experience out there, especially as it relates to financial services,” said Howard Wright, Vice President (VP) and Global Head of Startups at AWS. “In the long term, we expect generative AI to usher in the era of self-driving money, when every consumer with a smartphone can have access to an affordable, trusted financial advisor that will help them improve their financial health. These solutions will leverage what the cloud does best: it democratizes access for everyone.”
Cohort members will also receive a package of tailored benefits, including up to US$ 25,000 in AWS Activate credits and a range of other benefits provided by accelerator partners across fintech, venture capital (VC), and financial services.
At the end of the six weeks, the top 15 companies in the program will be invited to participate in a demo day with a curated list of VCs, financial services institutions, potential customers, and other key market players. They will receive up to US$ 75,000 in additional AWS Activate credits.
“The AWS Global Fintech Accelerator is a great opportunity for fintech startups to get the support they need to grow their businesses and reach new customers,” said Matt Lintz, Managing Director of AWS Activate. “We are excited to work with these startups to help them bring their innovative solutions to market and make a positive impact on the financial services industry.”
Applications for the AWS Global Fintech Accelerator are open here until August 14.
Why You Should Apply to the AWS Global Fintech Accelerator
The AWS Global Fintech Accelerator is a great opportunity for fintech startups to:
- Get one-on-one mentorship from AWS experts and industry leaders
- Learn about AWS cloud technologies and how to use them to build and scale their businesses
- Network with other fintech startups and investors
- Gain exposure to potential customers and partners
If you are a fintech startup that is looking to grow your business and reach new customers, then the AWS Global Fintech Accelerator is a great opportunity for you. Apply today!