0 FinTech Program for Burgeoning Boston Financial Services Startups

FinTech startup bootcampEntrepreneurs: do you have an idea focused on the Financial Services sector?  Look no further, Fidelity and Amazon would like to help back fledgling Boston startups through a new program, tagged the Fintech Sandbox.

A Boston Globe editorial highlights the target:

“Fintech entrepreneurs have a unique problem, which is the high cost of data to help them build applications,” said David Jegen, managing director of Devonshire Investors, the private investment arm of the Johnson family, which controls Fidelity. “They raise $2 million of venture capital funding, and then spend $500,000 of it buying market data from Bloomberg or Thomson Reuters. Or they show up to customers, who say, ‘Nice app, but it hasn’t been tested on robust data sets.’ We think that is a problem we can help solve.”

 

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