A St. Louis accelerator that counts Square-co-founder Jim McKelvey among its founders, is doling out cash to several fintech startups.
SixThirty -- named after both the height and width of the citys Gateway Arch (630 feet) -- is being backed by the St. Louis Regional Chamber and Midwest investment firm Cultivation Capital. The fintech accelerator launched in early August.
Its mission is to make four $100,000 investments each spring and fall. As a part of the deal, those chosen will also receive training, mentoring and networking opportunities in the region.
SixThirty announced its first round of funding in early October. To find out about its first four startup picks, click on.
Hedgeable is an online investing portfolio service that, according to its website, charges fees that range between nothing and 0.8% of the total amount a user invests. The New York City firm says it creates risk managed products for retail investors.
Hedgeable said in a blog post that it was opening up a new office in downtown St. Louis, a move that coincides with its SixThirty investment.