MassChallenge, a global network of zero-equity startup accelerators, will launch its newest vertical accelerator to support and grow startups in the financial technology (FinTech) industry. Headquartered in Boston, MassChallenge FinTech will match later-stage FinTech startups with industry leaders to accelerate the emerging products and services that have the power to transform the financial services ecosystem.
Startups selected for MassChallenge FinTech will participate in a six-month long, vertical accelerator where they will work closely with a leading partner on a range of activities from co-development and product validation to strategic investment and advisor introductions. At the end of the program, the enterprise-ready startups have the opportunity to win a portion of $250,000 in zero equity cash prizes.
To lead its newest program, MassChallenge has named Devon Sherman as Program Director of MassChallenge FinTech. Prior to joining MassChallenge, Devon was a global strategist at State Street Corporation in its Boston, New York, and London offices where she partnered with C-suite executives to source and evaluate FinTech startups for partnership opportunities, drove research for market entry and expansion opportunities, and developed competitive intelligence. Devon is a magna cum laude graduate of Harvard University and a graduate of Stanford Graduate School of Business’s Ignite program.Read Complete Article