UK-based financial services firm Barclays has teamed up with US-based accelerator Techstars to create a fintech accelerator programme in New York.
The Barclays Accelerator is set to open in July 2015 and will select 10 companies to benefit from 13 weeks of mentoring, networking and business development. The accelerator is open to applications from fintech startups across the world.
Barclays previously ran the programme in London last year.
The selected startups will be based at newly custom-built premises in Manhattan, and will be able to access Barclays’ data to refine their technologies.
Techstars previously partnered with automobile manufacturer Ford Motor Company, auto parts supplier Magna International and Verizon Telematics, a connected car subsidiary of telecom company Verizon, in December 2014 to launch a 10 month accelerator programme.