Wells Fargo to invest in tech finance companies

The Wells Fargo Startup Accelerator will be a semiannual "boot camp" for tech startups in the areas of payments, deposits, fraud, operations, and other financial services areas. Wells Fargo (NYSE:WFC) will make a direct equity investment of $50K to $500K in each selected startup.

Applications are being accepted through October 1. "We need to expand our access to new ideas at the edges of our industry," says Steve Ellis, head of Wholesale Services at the bank. Three companies have already been selected and funded.

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Comments (1)
  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
    This is what banks should of been doing along time ago. I applaud wfc for this. I'm still unloading half my shares at around soon.
    20 Aug 2014, 12:09 PM Reply Like
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