Trade body Association of International Certified Professional Accountants (the Association) has joined its accounting resources subsidiary CPA.com to open the second cohort of an accelerator for accounting and finance startups.
Participants in the six-month accelerator will receive up to $25,000 in funding in addition to expertise from the Association and affiliated accounting firms. The scheme is divided into two streams, concentrating on financial information and professional competency applications.
The accelerator is open to companies worldwide that can demonstrate a functional product or service aligned with its objectives, though it will mainly accept seed or pre-series A stage businesses. Four startups took part in the scheme’s initial cohort earlier this year.
Erik Asgeirsson, president and CEO of CPA.com, said: “The Association and CPA.com can offer startups a huge boost to their strategic engagement with the accounting profession. And for us, this is a great opportunity to see what disruptive technologies are emerging in accounting and finance.”