Techstars welcomes 10 companies into latest accelerator

Techstars and Barclays have welcomed the next ten companies into the 2018 FinTech accelerator.

The 2018 Barclays Accelerator includes businesses using technology to address opportunities in options trading, compliance, cyber-security, open banking, supply chain, legal, payments, insurance, property management and lending.

Companies in the latest cohort include Audit XPRT, which harnesses the power of AI, natural language processing and machine learning to automate compliance and auditing assurance.

Its iXPRT platform is an AI solution to automate regulatory compliance assurance auditing of financial statements and financial data against international auditing standards such as IFRS as well as local auditing standards such as UK-GAAP. Based in Middlesex, England Audit XPRT also provides solutions for AML/KYC due diligence.

Oathello, a startup which helps busy solicitors and legal teams by giving them a tool to find, book, and pay for witnessing and notary services on demand, is also included in latest accelerator. The company claims to be ‘the simplest way to ensure compliance’ with best practice and jurisprudence of the High Court.

The 2018 Barclays Accelerator also includes Dev/ Con, a provider of cybersecurity software which eliminates advertising fraud by detecting, fixing, and monitoring both technical and organisational vulnerabilities.

In the FinTech space, the cohort includes Nimbla, a provider of insurance and financial products for SMEs, UniZet, which allows international students to open a bank account prior to leaving home, and Crowdz, the creator of blockchain-based business-commerce transaction networks & ecommerce marketplaces.

Cyber Productivity, an automated accounting platform to help SMEs manage cashflow and allows banks to offer products based on real client’s needs, is also included.

Sitata, an app that connects travellers to trusted doctors, Keybot, which helps property managers automate access for rental showings, maintenance, and short or long-term renters, and Gatsby, an app that makes option trading accessible to everyone, complete the list.

The 1300 portfolio companies of Techstars have raised over $4.6bn in capital and 139 have had been acquired. Barclays and Techstar’s programme will run for the next thirteen weeks.

Copyright © 2018 RegTech Analyst

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