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FinTech Sandbox Empowers the FinTech Ecosystem as Alumni Prosper with Strong Financial Performance, Annual Survey Shows
April 29, 2021 GMT
Program Participants Report High Success Rate With Funding, Customer Acquisition, Employment Growth and Revenue
BOSTON, MA / ACCESSWIRE / April 29, 2021 / FinTech Sandbox, a nonprofit that makes data and infrastructure available to early-stage fintech startups at no cost, today announced the results of its annual survey of current program participants and alumni illustrating the program’s positive impact on startup performance, viability and ability to source funding.
Since launching over six years ago, FinTech Sandbox has accepted over 230 startups into its program, many have gone on to grow their businesses based on the support they received in the program. The nonprofit welcomes young companies from all over the world with current participants bein
FinTech Sandbox Empowers the FinTech Ecosystem as Alumni Prosper with Strong Financial Performance, Annual Survey Shows
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Kelly Fryer, new head of FinTech Sandbox, said the non-profit which provides data and infrastructure to early-stage startups, will be focussing on financial inclusion, sustainability and expanding geographically.
She took over from Jean Donnelly as executive director of FinTech Sandbox in September last year after previously working at the Techstars’ FinTech accelerator program, the Barclays Accelerator powered by Techstars.
Fryer told Markets Media that FinTech Sandbox does not take an equity stakes in firms and so is not driven purely by financial returns.
Kelly Fryer, Fintech Sandbox
“Our six-month program provides a residency and free access to data which can be expensive for very early stage firms,” she explained. “We provide support for firms that are usually in the seed stage so they can bootstrap into early testing.”