BNY Mellon is pleased to announce the graduation of its inaugural Accelerator Program participants and to welcome the incoming class of 2022. As part of the Bank’s focus to serve the full needs of our clients, present and future, the Accelerator Program facilitates a collaborative environment for the testing and validation of leading-edge solutions alongside some of the most promising start-ups from around the globe.
“Our approach is innovation through collaboration. We believe in working with the most cutting-edge companies across the industry, which allows us to innovate faster,” said Roman Regelman, CEO of Asset Servicing and Digital at BNY Mellon. “Programs like the Accelerator have enabled BNY Mellon to work with start-ups in a way that simplifies the engagement model while promoting a highly collaborative experience. Our focus is to maximize value for our clients, and we are able to do that by opening our doors to emerging businesses and building pathways to working with the best technology companies around the globe, no matter their size.”
2021 program graduates, BondIT and Three+One, successfully completed their respective proof-of-concepts that provided valuable insights and aided strategic decisions for the start-up teams.
“The BNY Mellon Accelerator Program provided us with broad access across the company and streamlined our ability to navigate the organization. Now we are happy to be engaged as a vendor,” said Etai Ravid, CEO of BondIT. “Ultimately, we expect a 10x ROI on the resources used for the proof-of-concept during the Accelerator Program.”
With strong early outcomes, the BNY Mellon Accelerator Program is excited to announce the commencement of the 2022 cohort, and spotlight a few participants:
- Genesis Global: a low-code platform that powers application development for financial institutions with highly composable and customizable components that provides speed, performance and flexibility. Genesis Global recently announced its $200 million Series C, led by Tiger Global Management.
- Boosted.ai: leveraging proprietary, machine learning algorithms, Boosted.ai helps institutional investors uncover opportunities in the global capital markets through a simple, point-and-click user interface. Boosted.ai recently announced its $35 million Series B, led by Ten Coves Capital and Spark Capital.
- Valkyrie Investments: a leading digital asset focused investment manager based in Nashville, Tennessee. The firm oversees a number of products including Bitcoin-adjacent ETFs, protocol trusts, a DeFi hedge fund, and more.
- Verituity a verified disbursement platform that connects banks, businesses, and payees to faster, smarter, safer payouts and pay-by-anything experiences. In early 2021, Verituity announced its $10 million Series A, led by Forgepoint Capital and Ardent Ventures.
About the BNY Mellon Accelerator Program
The BNY Mellon Accelerator Program was established to facilitate innovation and collaboration with the fintech ecosystem and its emerging leaders. The Program offers a streamlined approach for testing and validating new technologies and their use cases. With a proof-of-concept based approach, participants focus on real business problems with the objective of addressing the evolving needs of BNY Mellon’s clients. Underpinned by the spirit of entrepreneurship, founders and their teams benefit from opportunities to inform their product roadmaps and better scale their businesses with insights from BNY Mellon leadership, top venture capitalists, and exposure to BNY Mellon’s larger ecosystem. The BNY Mellon Accelerator program is focused on providing exceptional leadership to the technology and financial ecosystem, and supporting companies founded by diverse entrepreneurs.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
