Wells Fargo & Company (NYSE:WFC) announced today that OpenRisk Technologies Inc. has joined the Wells Fargo Startup Accelerator, bringing the total number of companies in the portfolio to 21.
“Helping to advance innovative fintech startups plays an important role in our efforts to deliver the financial experiences of tomorrow that customers demand,” said Lisa Frazier, head of the Innovation Group at Wells Fargo. “We welcome OpenRisk to the Wells Fargo Startup Accelerator program and applaud the passion, agility and focus they bring to create innovative solutions and unique customer experiences. Innovation is critical within financial services, and we’re excited to invest in and collaborate with these companies, and all our accelerator companies, to reimagine financial services.”
The Wells Fargo Startup Accelerator program began in 2014 to advance emerging technologies in pursuit of breakthroughs for financial services. Startups are eligible to receive up to $1 million in funding, along with guidance from Wells Fargo business and technology leaders to help refine the launch of their ideas.
The virtual, six-month, non-exclusive program has received nearly 2,400 applications from innovative companies in 91 countries since the program’s inception. Applications can be submitted throughout the year at www.wellsfargo.com/accelerator.