ACCESS Newswire
29 Apr 2021, 18:35 GMT+10
Program Participants Report High Success Rate With Funding, Customer Acquisition, Employment Growth and Revenue
BOSTON, MA / ACCESSWIRE / April 29, 2021 / FinTech Sandbox, a nonprofit that makes data and infrastructure available to early-stage fintech startups at no cost, today announced the results of its annual survey of current program participants and alumni illustrating the program's positive impact on startup performance, viability and ability to source funding.
Since launching over six years ago, FinTech Sandbox has accepted over 230 startups into its program, many have gone on to grow their businesses based on the support they received in the program. The nonprofit welcomes young companies from all over the world with current participants being 28 percent international and 72 percent U.S.-based. Between 2018 and 2020, the percentage of non-U.S. participants steadily increased from 21 percent to 33 percent.
'The results of our annual survey demonstrate the program's effectiveness in supporting startups at their early stage of growth when access to data is most vital to their long-term success,' said FinTech Sandbox Executive Director Kelly Fryer. 'We are fortunate to have the support of sponsors and data providers who understand the value of data and other resources for fintechs, which in time, ultimately benefits the entire financial services industry. We're pleased to see our continued, positive and lasting impact on the fintech startup ecosystem both in the U.S. and internationally.'
The survey, which was completed in Q1, 2021, and was directed at both current and alumni program participants, had the following results:
'FinTech Sandbox enabled us to access critical data sets when we needed them the most, and at a stage when it seemed most inaccessible due to its high cost,' said Aimeelene Gaspar, CEO & Co-Founder at LionX. 'But beyond data, we value the community of like-minded entrepreneurs, and the professional support we have received from both our fellow participants and the FinTech Sandbox team, which have truly made a difference for us.'
'When we launched FinTech Sandbox in Boston over six years ago, we were determined to support the global fintech community and help promising fintechs accelerate product development by providing free access to data when it would be most impactful,' said David Jegen, Co-Founder of FinTech Sandbox and a Partner with F-Prime Capital. 'Today, we have not only expanded our geographical reach and worked with startups from all over the United States, Canada, the United Kingdom, and continental Europe, but built a program which puts startups on the path for success. Looking ahead, we remain steadfast in our commitment to the startup ecosystem and will identify ways to further improve on our offerings, such as through expanded data sets and additional networking opportunities.'
For more information on joining as a startup, community member, or as data or infrastructure partner, please contact [email protected], or visit https://fintechsandbox.org.
About FinTech Sandbox
FinTech Sandbox is a nonprofit that promotes innovation in financial technology and financial services globally by providing FinTech entrepreneurs and startups with access to critical data and resources. FinTech Sandbox also organizes Boston FinTech Week, next taking place from September 27 - October 1, 2021. To receive regular updates, please visit: http://bostonfintechweek.org/. For more information, please visit https://fintechsandbox.org/ and https://www.twitter.com/FinTechSandbox.
CONTACT:
Philipp Jago
929-255-5652
[email protected]
SOURCE: FinTech Sandbox
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationBRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
(Photo credit: Darren Yamashita-Imagn Images) The American League and National League announced their lineups for Tuesday's All-Star...
(Photo credit: Chet Peterman / Special to The Post / USA TODAY NETWORK via Imagn Images) Former NFL quarterback Teddy Bridgewater...
(Photo credit: Rick Scuteri-Imagn Images) The Kansas City Royals placed right-hander Michael Lorenzen on the 15-day injured list...
(Photo credit: Petre Thomas-Imagn Images) The Memphis Grizzlies are re-signing guard Cam Spencer to a four-year, $10.5 million contract,...