MONTREAL, Aug. 5, 2020 /PRNewswire/ -- The Holt Fintech Accelerator today announces the launch of its 2020 cohort, the third in its history.
This year, Canada's only business accelerator devoted exclusively to all Fintech verticals has pivoted due to the ongoing pandemic. To accelerate competition in this space during Covid-19, Holt extensively analysed the current market conditions (see Holt's Fintech Magazine), and identified 4 key verticals for which Canada's ecosystem has shown a considerable appetite. This year's cohort will feature 8 companies from 7 countries focused primarily on:
Jan Christopher Arp, Founding Managing Partner said "In response to COVID and the world coming to a near halt, we felt that our society needed to accelerate the adoption of fintech solutions more than ever. In adjusting our focus to the needs of our society, we witnessed a record number of applications, alongside an increase in our Advisor engagement. This enabled us to find the best fintech startups that will provide direct benefits for Canadian consumers, financial institutions and service providers, while also enabling Canada to become more competitive globally."
The 2020 cohort is made up of the following fintech companies:
Holt's goal is to deliver cutting-edge solutions and facilitate opportunities for collaboration in order to help build innovative ideas, products, and services that ultimately raise the Fintech ecosystem to new heights. As such, for the third consecutive year, Fairstone Financial is Holt's official 2020 Corporate Champion, as they've proven multiple times their willingness to adopt fintech solutions.
"We have made great progress in that 3 of our 8 cohort companies include women as part of the core team either in Co-founder and/or C-level executive roles. This is 50% of our 2020 portfolio, beating out the more traditional ceilings of 13% that have plagued the fintech industry in funding women led opportunities. Proud to see Holt investing almost 4X above those odds" stated Elisabeth Laett, co-Managing Partner at Holt.
These companies were selected from more than 700 applications emanating from 87 countries. Selections were made following an extensive online consultation earlier this year with 125 of Holt's professional advisors. With 1,200 years of combined experience, they contributed over 1,000 hours combined to the selection process. The 2020 cohort begins July 27, online only.
The Holt-Dunn family is the direct legacy of Sir Herbert Holt, and one of Montreal's finest. Business people at heart, members of the family founded or owned over 300 companies locally and internationally. Sir Herbert Holt was inducted into the Canadian Business Hall of Fame in 1979 and remains the longest-serving chairman of RBC (from 1908 to 1934). Sir Holt's participation was crucial in turning RBC into the country's largest bank and the third largest in North America at the time.
Sam El Falah
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SOURCE Holt Accelerator