Safello, a bitcoin spending platform based in Stockholm, Sweden, has signed a proof of concept (PoC) with Barclays to explore how the financial services sector can harness block chain technologies. The agreement marks one of the highlights of the Barclays Accelerator Demo Day in London. It also marks first PoC that a U.K. high street bank has announced with a bitcoin company. Safello has already enrolled more than 20,000 users in Europe.
Safello is among 10 businesses that showcased their innovative Fintech propositions at a Demo Day in London, as the second cohort of the Barclays Accelerator concludes.
The Barclays Accelerator, powered by Techstars, is a startup program designed to support new businesses to deliver their breakthrough innovations in Fintech.
Demo Day Draws 400
An audience of more than 400 entrepreneurs, senior executives and corporate partners heard from the 10 companies to understand how they plan to help their businesses and ultimately help shape the future of financial services.