11:FS is planning to launch its personal enterprise agency and accelerator programme below the banner of 11:FS VC, AltFi can completely reveal.
It’s a daring transfer to take the challenger consultancy past simply constructing know-how and in direction of investing and supporting the following era of fintechs.
Jamie Campbell, the founding father of Fronted and former senior chief at Bud, has been recruited as the primary head of 11:FS VC which is on a mission to construct “one of the best monetary providers startup incubator on the planet”.
The enterprise arm will be capable to faucet into the groups, tech and attain of 11:FS and use these to assist the startups it invests in or who be part of its accelerator programme.
“Whereas most accelerators are simply present and pony parades to let huge organisations ‘really feel’ progressive, we’re right here to attach the dots with individuals who have already formed the trade globally, not simply produced powerpoints about it,” David M. Brear, group CEO and co-founder of 11:FS, mentioned.
“I’m eager to seek out that candy spot of what the likes of A16Z and Y-Combinator have achieved while bringing our personal model of no-nonsense FS views to handle the gambit of challenges for constructing a enterprise.”
Whereas particulars of the accelerator programme and the sorts of investments that 11:FS VC will look to make are nonetheless unknown, Brear mentioned 11:FS has “a string of large banks taking a look at co-investment with us”.
Campbell mentioned on the launch of 11:FS VC: “All fintech founders face challenges: go-to-market planning, buyer acquisition, scaling with companions, know-how sourcing and constructing, accessing good market intelligence, navigating regulation, and accessing funding. 11:FS VC is the place the answer to all these pinch factors converge.”
“Graduates of our program will go away with some severely unfair benefits.”
