Seven early-stage ventures have been selected for an annual program backed by Accenture that works to help startups develop platforms for the financial services industry.
The FinTech Innovation Lab London program offers senior-level mentoring services to guide entrepreneurs in commercializing their innovations and attracting prospective customers, Accenture said Monday.
“In the past nine months, the startups involved in the 2013 FinTech Innovation Lab London have collectively raised over $10 million in investment and have increased employees by 41 percent,” said Richard Lumb, Accenture group CEO of financial services.
This year’s participants include Erudine, FinGenius, Logical Glue, PhotoPay, PixelPin, Squirro and uTrade.
Those companies are developing technologies such as analytics and collaborative tools, open source trading software and financial management systems.
Industry executives mentor FinTech startups through a series of workshops, panel discussions and networking events, Accenture says.