Three startups working on blockchain-related products and services have been selected to join Barclays Accelerator in London this spring.
Enrolled in the 90-day mentorship-driven program, which began today, are bitcoin exchange Safello, bitcoin-based debit card creators Atlas Card, and Blocktrace, which aims to provide blockchain solutions for the insurance industry.
“The selection of Safello, Atlas Card and Blocktrace by Barclays Accelerator, at the very least, signals increased curiosity in the cryptocurrency space,” said Frank Schuill, CEO at Safello, adding:
“That is already a major improvement from when we first started with Safello in 2013. We are moving from dismissal to curiosity. Now it is our job to take it to the next level.”
The fintech-focussed startup incubator is powered by Techstars, which was founded in 2006 and is backed by over 75 VC firms.
Startups from more than 60 countries applied to be part of the program, but only 10 were selected.
Schuill said Barclays was “heavily involved” in the selection process, with the final round comprising a question-and-answer session with 20-30 members of the Barclays team.
The chosen companies will receive $20,000 seed funding from Techstars and will also benefit from