© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Wells Fargo Announces New Startup Accelerator Class
Posted 17th November 2015

Wells Fargo Announces New Startup Accelerator Class

Three Bay Area startups seek to shape the future of financial services.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Wells Fargo Announces New Startup Accelerator Class
Image

Three Bay Area startups seek to shape the future of financial services.

Wells Fargo has announced that it has selected three early stage companies – Gridspace, Roostify, and Splice Machine – for investments of up to $500,000 for the fall 2015 class of the Wells Fargo Startup Accelerator, a semiannual boot camp for innovators who seek to shape the future of financial services. Companies join Wells Fargo’s accelerator to refine their potential breakthrough technologies for financial services and other applications. Wells Fargo also is now accepting worldwide through Dec. 16 applications for its spring 2016 class at https://accelerator.wellsfargo.com.“Our Startup Accelerator expands our vision of the future of financial services beyond the boundaries of Wells Fargo and banking, introducing us to innovators who want to shape how our customers handle their financial needs in the future,” said Steve Ellis, head of Wells Fargo’s Innovation Group, a company-wide organization that leverages emerging technologies to deliver customer-inspired products and services. “Our business and technology leaders work closely with accelerator members to test concepts, validate technologies, identify market opportunities, and guide them through the process of bringing their ideas to market.”

Fall 2015 Class:

  • Gridspace of San Francisco – a collaboration between SRI International, the lab behind Siri, and a multidisciplinary team of engineers that creates software that harnesses the power of voice communications by making them searchable, organized, and accessible. “Connectivity isn’t the issue anymore,” said Evan Macmillan, CEO of Gridspace. “It’s making sure the content contained in each call is cataloged and analyzed. Working with Wells Fargo allows us to learn from its leadership in financial services and to discover new use cases for voice technology.”
  • Roostify of San Francisco – a developer of automated real estate transaction technology that seeks to improve the customer experience and conversion rates. “Technology that automates any lengthy process, such as the process of purchasing a home, is a welcome addition to both lenders and consumers who are looking for efficiency in a daunting process,” said Rajesh Bhat, CEO and co-Founder of Roostify. “We are thrilled to have been accepted into the Wells Fargo Accelerator program and look forward to working with the bank to further enhance our technology platform for lenders and consumers.”
  • Splice Machine (@splicemachine) of San Francisco – provides the Hadoop RDBMS, a next-generation database that is 5-to-10 times faster at one-fourth the cost of traditional databases. “We are proud to be selected for the Wells Fargo Accelerator program,” said Monte Zweben, co-founder and CEO at Splice Machine. “It validates the Splice Machine RDBMS value proposition to the financial services industry, where the need to more quickly manage rapid data growth to make more in-the-moment, data-driven decisions is growing.”

Wells Fargo’s Accelerator looks to explore big ideas with startups that provide technologies in fintech areas, such as analytics, big data, credit, deposits, marketing, mobile, payments, security, robotics, wealth management, and wearables, among others. Since its inception in 2014, the Wells Fargo Startup Accelerator has received applications from innovative companies in 23 countries.

Accelerator participants are paired with a Wells Fargo business leader that also is a potential customer for the startup. The mentoring executive introduces the startup to technology leaders inside the bank, and helps them work through the due diligence that’s required before an emerging technology results in a purchase order with the company. Wells Fargo is investing up to $500,000 in each participant in the fall 2015 class.

The newly selected Wells Fargo Startup Accelerator startups follow the spring 2015 graduates that have completed the program and are growing rapidly in multiple industries. They are:

  • Bracket Computing of Sunnyvale, California – a company that harnesses the public cloud to securely and reliably run enterprise applications;
  • Context360 of San Mateo, California – a company that interprets and predicts mobile application behavior, combining those insights with sensor data and machine-learning algorithms to power better decisions around when, where, and how to best engage mobile application users; and
  • MotionSavvy of Rochester, New York – a company that has developed the world’s first two-way communication software for the deaf, utilizing the latest innovations in gesture and voice technology.

Categories: Finance, Innovation


You Might Also Like
Read Full PostRead - Eye Icon
Fashion Startup: How to Market Your Brand and Acquire Customers
News
19/02/2024Fashion Startup: How to Market Your Brand and Acquire Customers

Starting a fashion brand in today’s competitive market requires more than just a keen eye for style. With countless emerging designers and established brands vying for attention, effective marketing strategies are essential for standing out and acquiring

Read Full PostRead - Eye Icon
Real Estate Investment Strategy 2023
News
23/02/2023Real Estate Investment Strategy 2023

Investing in real estate allows for the diversification of portfolios and the generation of passive income. You can start as a beginner in real estate investing and become a successful investor.

Read Full PostRead - Eye Icon
Push the Boat out  – Deliver the Impossible!
Innovation
26/06/2017Push the Boat out – Deliver the Impossible!

Since it’s dawn in 2001, Three Lines Shipping L.L.C (TLS) has been on a constant growth path by continuous learning and improvising how they approach their work. As recipient of the Arabian Excellence Awards 2017 from the UAE, we invited Rafeeq.K. K to profi

Read Full PostRead - Eye Icon
Why Copy Trading is Not a Sure Win Strategy
Finance
09/05/2022Why Copy Trading is Not a Sure Win Strategy

Novice investors often look to copy trading as a sure win strategy to get a good return on investment (ROI). By following the market movements of successful traders with high-performing investments, they hope to be as successful as the traders they follow on c

Read Full PostRead - Eye Icon
The Post-COVID Recovery is Facing Hurdles
Finance
29/04/2022The Post-COVID Recovery is Facing Hurdles

High inflation is the overriding theme in the markets currently. The US, EU, UK, and some emerging markets like Turkey are witnessing a rise in prices not seen in years or decades.

Read Full PostRead - Eye Icon
Eight Common Tech Business Terms That Are Often Misunderstood
Innovation
12/05/2023Eight Common Tech Business Terms That Are Often Misunderstood

Business leaders within UK SMEs have been told the eight most commonly misunderstood technological terms to avoid misinformation negatively impacting performance.

Read Full PostRead - Eye Icon
What works best: HTML email marketing or plain text?
News
15/06/2022What works best: HTML email marketing or plain text?

Email marketing is a powerful tool to reach more people, increase engagement, and generate more leads. There are two ways to send an email to your marketing list, one is to spruce it up using HTML and the other is to keep is simple with plain text. Which one w

Read Full PostRead - Eye Icon
2016’s Leading Debt Advisory Firms
Finance
10/05/20162016’s Leading Debt Advisory Firms

Penningtons Manches’ corporate finance team in London is headed by Matt Martin who specialises in debt and capital advisory work

Read Full PostRead - Eye Icon
LinkedIn Outbound Sales Tactics
News
08/04/2024LinkedIn Outbound Sales Tactics

The battle for the customer is never-ending. If your company used to be inbound-only but could use some help, appending outbound sales tactics will infuse fresh ideas into your strategy.   With the slight difference in who initiates the sales process (whe



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow