Stellar.org, which works with Oradian to bring low-cost money transfer services to users in Nigeria and South Africa’s Sun Exchange, a crowd-financing platform that enables micro investing into solar projects in developing nations, from anywhere in the world are among the 24 startups that were selected to join the fourth batch of Plug and Play Fintech.
The selected companies will be a part of the twelve-week accelerator program designed for financial technology startups. During this time, startups will gain access to Plug and Play’s extensive network of top banks and financial institutions that have been specifically curated to work with them through this platform. Partners of the program include Deloitte, Bank of the West, BanRegio, BNP Paribas, Capital One Growth Ventures, Credit Suisse, Deutsche Bank, Finstar Labs, Intuit, JCB, MUFG, Santander, Sumitomo Mitsui Banking Corporation, TD Bank, USAA, and U.S. Bank.
“The program is meant to instill as many opportunities for our startups to engage with decision makers within the industry,” says Scott Robinson, Co-Founder & VP of Plug and Play Fintech. “We are incredibly excited at this opportunity to work with the leading minds of entrepreneurs and executives in the financial domain.”
Stellar.org connects financial institutions, payments systems, and people so that anyone can send money to anyone else quickly, reliably, and at almost no cost. The Stellar network reduces friction and fees for micropayments and remittances to make affordable financial services accessible to the world.
The Sun Exchange (SunEx) is a crowd-financing platform that enables micro investing into solar projects in developing nations, from anywhere in the world. We make distributed clean energy available to SMEs, schools, factories, community centers and other mid-size clients in places where access to affordable financing and reliable energy sources isn’t assured. SunEx uses digital currency, blockchain smart contracts, IoT, digital currency payment systems, and other new technologies to enable clients to see their ethical returns accumulate in real time, safely and transparently.
Plug and Play is a global innovation platform and connects startups to corporations, and invests in over 100 companies every year.
It has 22 locations across the world with success stories that include PayPal, Dropbox, SoundHound, and Lending Club.