CO-WESTERN-UNION-COMPANY
14.7.2020 14:32:11 CEST | Business Wire | Press release
Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, and Techstars, the global platform for investment and innovation, today announced the launch of its second class of the Techstars & Western Union Accelerator . From machine learning and artificial intelligence, to cloud services, digital banking and advanced analytics, the common thread across the portfolio of 10 companies is their commitment to leveraging technology and innovation to create greater access to global and local economies, through inclusive finance.
The 2020 Accelerator companies are led by founders originating from across the world, including the Philippines, Egypt, Gambia, Hong Kong, Indonesia, India, Israel, Nigeria, Singapore, Spain, South Africa and the United States. They share Western Union’s commitment to inclusive innovation by developing products and services that accelerate access for a more equitable global financial system.
The concept of financial access served as the North Star throughout the 2020 Accelerator selection process, as program leaders contemplated the question: In the face of a global health crisis, which companies are best positioned to accelerate and expand financial access in a post-COVID world?
The startup founders will participate in an intensive 13-week virtual program during which they will focus on growing and evolving their companies with the mentorship, entrepreneurial expertise, business strategy and marketing guidance of fintech subject matter experts in a range of areas, including compliance, mobile wallets and settlement.
“The Western Union team is tremendously impressed with this diverse group of founders and entrepreneurs who are actively addressing challenges across the financial services ecosystem,” said Western Union President of Product and Platform, Shelly Swanback. “I am confident that the breadth of perspective, experience and technologies represented in this year’s portfolio will drive us to be even more disruptive as we endeavor to develop more inclusive financial services and payment technologies in a rapidly changing global economy.”
Swanback added, “I am especially proud of the fact that many of the companies in the accelerator are led by founders from many different countries, which nicely reflects the global diversity of our employee, customer and partner base. A global lens is critical as we look to create opportunities for billions of people to access the latest innovations in finance, innovate opportunities for businesses and customers, and help close the growing inequality gap.”
According to the New American Economy, a U.S.-based bipartisan research and advocacy organization focused on federal, state, and local immigration policies, in 2019 approximately 45% of Fortune 500 companies were founded by immigrants or their children.
“We are proud to announce the companies selected to participate in the 2020 Techstars & Western Union Accelerator,” said Ethan Austin , Managing Director of the Techstars Western Union Accelerator. “Each of these companies is tackling systemic industry obstacles with innovative and original solutions using leading edge technologies. We are excited to support their continued growth over the next 13 weeks of our program and beyond.”
The 2020 Techstars & Western Union Accelerator will culminate with a Demo Day on Oct. 8, where startup founders will pitch their products and services to potential investors. This year, the program has shifted from an in-person to virtual program due to the impact of the COVID-19 pandemic.
Since 2006, Techstars has worked with more than 2,000 startups, forging deep and meaningful relationships between young startup companies and global corporations. The competitive selection process for the Techstars & Western Union Accelerator began in early 2020 with hundreds of entrepreneurs vying for one of 10 coveted spots.
Techstars and Western Union extend a hearty congratulations and a warm welcome to the 2020 Techstars & Western Union Accelerator companies.
2020 Techstars Western Union Accelerator Roster
|
||||
AidBanc Little Rock, AR | USA and LA
AidBanc empowers NGOs with digital banking and spend management tools to seamlessly disburse aid in an increasingly cashless world.
|
Plentina San Francisco, CA | USA Cloud services provide alternative credit scoring and lending for global financial inclusion. |
|||
Gig Wage Dallas, TX | USA Gig Wage is a payments platform specializing in independent contractors. Their technology makes it simple, fast and easy to pay, manage, and support contractors. |
Rise Capital Lagos, Nigeria A technology-driven finance company connecting everyday Africans with the best dollar-denominated investment opportunities around the world. |
|||
Heights Labs New York, NY | USA AI and network analytics platform for risk, fraud, compliance, and AML/CFT to mitigate risks and threats across the compliance, intelligence, and national security landscape. |
Robbie AI Boston, MA | USA Facial recognition technology through real-time streaming in natural settings. |
|||
Line San Francisco, CA | USA
AI-powered technology helps qualified and banked individuals establish credit and access to affordable financial services.
|
Vested Finance Berkeley, CA | USA Investment advisory platform promoting sustainable wealth creation by empowering local Indian investors to go global. |
|||
Logicluster San Francisco, CA | USA An Artificial Intelligence powered pricing engine to enable businesses to grow revenue through optimized pricing. |
Yunit Oakland, CA | USA Allows users to save money with their friends. |
|||
WU-G
About Techstars
Techstars is a global platform for investment and innovation. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and Techstars Community. Techstars accelerator portfolio includes more than 2,200 companies with a market cap of more than $26 billion. www.techstars.com
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2020, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts.
Additionally, westernunion.com , our fastest growing channel in 2019, is available in over 75 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005456/en/
Link:
Social Media:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
IQM Named Among Quantum Collaborators in HPE's New Hybrid Quantum-HPC Platform22.6.2026 15:22:00 CEST | Press release
The collaboration will advance practical and scalable hybrid classical-quantum applications. This follows IQM's first on-premises quantum computer installation in the United States, at Oak Ridge National Laboratory. IQM has sold 23 quantum systems globally to date and intends to list on Nasdaq in the United States by mid 2026. Hewlett Packard Enterprise has named IQM Quantum Computers among the companies collaborating on its hybrid classical-quantum computing platform, announced at HPE Discover Las Vegas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260622035759/en/ IQM Radiance quantum computer at HPE Discover Las Vegas 2026 IQM, a global leader in full-stack superconducting quantum computers, is contributing superconducting quantum processor technology to the effort, in which HPE is integrating multiple quantum modalities with its Cray supercomputing infrastructure. This collaboration strengthens IQM's global expansion p
Return Abuse Goes Mainstream as Nearly Half of Consumers Use AI in Return Claims, New Riskified Research Finds22.6.2026 14:30:00 CEST | Press release
New global study shows normalization of strategic returns, widening regional differences, and rapid AI adoption reshaping ecommerce post-purchase risk Riskified (NYSE: RSKD), a global leader in ecommerce fraud detection and risk intelligence, today released a new global report, “Rewriting the Rules on Returns”, exploring how consumer attitudes and behaviors around ecommerce returns are evolving in the age of artificial intelligence (AI). The Riskified-commissioned study, conducted by eTail Insights, is based on a survey of 2,091 consumers across seven countries, alongside in-depth interviews with senior leaders from many of the largest retail companies in the world. The research finds that return abuse behaviors are increasingly normalized, while nearly half of consumers already use generative AI tools to assist with return or refund claims. At the same time, merchants are responding by tightening return policies, shortening return windows, and deploying advanced AI detection to better
Forrester Unveils Agendas For 2026 Technology & Innovation Forums In North America And EMEA22.6.2026 14:00:00 CEST | Press release
The Forums will equip technology leaders with the capabilities needed to operationalize AI and build high-performing IT organizations that deliver measurable business outcomes Forrester (Nasdaq: FORR) today announced the full conference agendas for its Technology & Innovation Forum Central (Austin, September 14–15, 2026), Technology & Innovation Forum EMEA (London, September 30–October 1, 2026), and Technology & Innovation Forum East (New York City, November 4–5, 2026). This year’s theme, “The IT Singularity,” dives into the new AI era in which AI has become ubiquitous and no longer a competitive advantage on its own. To succeed, technology leaders including chief information officers, chief data officers, and chief AI officers need to integrate AI into their operating models, modernize software development and IT operations, strengthen data and governance practices, and align technology investments with business strategy. Across the Forums, tech leaders and their teams will learn how
AdvanCell Establishes U.S. Global Headquarters and Secures Flagship Manufacturing Facility in Greater Boston to Drive Growth Strategy22.6.2026 14:00:00 CEST | Press release
New 128,000-square-foot facility in Andover will serve as U.S. global headquarters and future manufacturing center supporting the development and commercialization of ADVC001 and the Company’s pipeline of Lead-212 targeted alpha therapies Expanding U.S. operations complement the Company’s established Australian R&D and manufacturing capabilities to create a global, vertically integrated platform for radiopharmaceutical development and commercial supply AdvanCell, a clinical-stage radiopharmaceutical company developing innovative targeted alpha therapies for cancer, today announced the establishment of its U.S. Global Headquarters in the Greater Boston area, and the lease of a new 128,000-square-foot facility that will become the Company’s U.S. flagship manufacturing center supporting its long-term growth and commercialization strategy. The expansion marks an important milestone in the Company’s evolution into a U.S.-based radiopharmaceutical company with integrated operations spanning
Print Creates an Enterprise Dark Data Problem. VasionⓇ Innovated Again to Find the Solution.22.6.2026 14:00:00 CEST | Press release
Intelligent Print Automation Turns the File > Print Workflow Into an AI-Ready Data Pipeline Every time employees click File > Print to send documents to printers, save them to PDFs or scan them to unmanaged folders, enterprise data becomes unstructured and quietly goes dark. Dark data escapes compliance controls, bypasses AI workflow and quickly becomes a liability. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260622562749/en/ Vasion is the Intelligent Print Automation leader making digital transformation attainable for all by eliminating print servers, consolidating print environments, digitizing and automating workflows. Gartner® reports that “roughly 80% of enterprise information is unstructured, spread across documents, files, and rich content in dozens of systems.” Gartner® also predicts that “by 2028, large enterprises will triple their unstructured data capacity across their on-premises, edge and public cloud locati
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom