FinTech
FinTech
MassChallenge FinTech accelerates outcomes-driven partnerships between startups and enterprises to fuel innovation across banking, insurance, asset management, and other financial sectors. Our partners’ challenges have C-Suite support, budget, and resources, and now they need YOU to help them tackle these issues. In turn, you’ll benefit from their deep subject matter expertise and explore avenues that further validate your solution.
Program Benefits
- Warm introductions to our global investors – with zero equity taken.
- One-on-ones with our industry experts to strengthen your enterprise readiness as you scale.
- Outcomes-driven partnerships between enterprises and startups.
- Solutions to the challenges that startups and enterprises face are backed by corporate C-Suite support, budget, and resources.
Eligibility Requirement
While MassChallenge supports a wide array of early to late stage startups – the FinTech program is designed to support mid-late stage companies that possess a validated product/solution ready for scaling. See a more thorough breakdown of the criteria below:
- 10 or more employees (preferred)
- Validated product/solution for scaling – has enabled at least 2 proof of concepts (pilots)
Please note these are guidelines, not firm requirements. While funding and revenue are important factors in enterprise readiness, we also look at team strength, product/market fit, customer traction etc.
2023 MassChallenge Statements available here.
Key Dates
“What I’ve loved about our interactions so to speak has been how [our MC partner] challenged each other. The past 6 months have been a huge boon to our understanding of the business and what you do but more importantly an understanding of our customers which we both want to help.”
“Meeting the startups, learning their stories and sharing ideas – I’ve always looked forward to my time spent in the discussions where we share ideas and think through various different topics they’re facing – but also frankly I’m learning just as much from them. [-] It’s really been a great two-way relationship.”
“The quality and caliber of partners and companies is top-notch, and the innovation and level of innovation is what you should expect but what I was happily surprised to experience and participate in.”
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FAQs
If you’re a startup solving issues in financial services (broadly defined), we encourage you to apply. We know that many of our partners are facing more challenges than they even realize, and that you, as innovators, are working to solve problems that they haven’t anticipated yet. You may work with multiple partners, too. This collaboration is the key to the future of financial services, and we want you involved.
No, we accept applications from startups around the world. Any additional travel should be determined by you and your MCFT partner.
You can apply to our Fintech program via our Accelerate platform. For more information go to How to Apply page of the website under About.
Our accelerator program is mostly remote – however we do host in-person networking opportunities – all of which are optional attendance.
Most of your MCFT time will be spent working with your partner(s) while you continue to run your business. That being said, we’re a firm believer in continual growth-–so you’ll be introduced to experts from industries such as financial services, law, compliance and regulation, and technology.
Participation in the program requires at least 1 representative from your team to be present for the Bootcamp which kicks off February 2nd and completing various assessments on your startups progress throughout the program. On average, startups dedicate at least 4 hours per week to the program. This includes meetings with partners, partner deliverables, and networking events.