KeyBank and JP Morgan Chase backing Ohio fintech accelerator
Bringing brio to Ohio
KeyBank, Fifth Third Bank and JP Morgan Chase are funding and backing a new Ohio-based accelerator, Fintech71 – a nod to the cross-state highway I-71 connecting Ohio via its three largest cities, Cincinnati, Columbus and Cleveland.
The accelerator will focus on growing entrepreneurial activity in Ohio and offer mentor and partnership options. Finalist teams will get a stipend of $100,000 each and access to “millennial talent”.
Ken Gavrity, head of KeyBank’s commercial payments group and a FinTech71 board member, says it spends “significant time helping to establish and support the start-up ecosystem, and being a part of Fintech71 enables us to concentrate some of our efforts here in Ohio with a nexus of strong partners”.
Fintech applicants can apply from 15 May to 15 July here.
The inaugural class of up to 12 companies will start on 10 September this year, and will be based in Columbus, Ohio.
