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
Hedgeable said
miiCard
The online verification service recently announced that it is working with PFM provider Yodlee to offer its technology to banks.
The company says online miiCard IDs can be used to secure instant loan approvals, real-time credit approvals and authorizations for high-dollar transactions.
Upside
The company said it is temporarily moving its team from San Francisco to St. Louis for four months in order to work more closely with SixThirty.
XYverify
The mobile banking security company says it uses its Know Your Customer databases and software to hedge against fraud.