US-based financial services firm Commerce Bank has formed a strategic partnership with financial technology-focused venture capital fund SixThirty.
Commerce Bank will supply training and mentorship for participants in SixThirty’s business development scheme while also getting the chance to invest in startups unearthed by the fund.
Bob Holmes, chairman and CEO for Commerce Bank in the St Louis region, is part of SixThirty’s investment committee along with chief information officer Dave Roller.
John Kemper, Commerce Bank’s president and chief executive, said: “Partnering with an organisation like SixThirty is a natural fit for Commerce and our culture of innovation.
“This relationship gives us an opportunity to look beyond our organisation to identify strategic innovations to best serve our customers and solve the challenges of today and tomorrow – all while supporting the fintech community and the St Louis region.”
