BCF Ventures, a Montreal-based investment fund launched by BCF Business Law partners, has announced a strategic venture capital partnership with Holt FinTech Accelerator.
Led by tech entrepreneur and Founder Institute managing director Sergio Escobar, BCF Ventures aims to invest in pre-seed startups in Canada. The fund’s goal is to drive growth for tech startups and invest $500,000 by the end of 2018.
According to BCF, the partnership will focus on supporting startups operating in the FinTech space. Specifically, the partnership will allow BCF Ventures and the Holt FinTech Accelerator to target and provide funding to early-stage companies.
With this partnership, BCF Ventures gets access to potential investments from the Holt FinTech accelerator, while Holt has connections to a fund can back its companies.
“At BCF Ventures, we are looking for FinTech startups that are developing technologies that respond to the changing and complex needs of financial institutions, particularly with regards to big data analysis, artificial intelligence, and cloud computing,” said Escobar. “The partnership with Holt FinTech Accelerator is providing us with an excellent platform to identify, track, fund, and support disruptive startups changing the current financial services competitive landscape.”
The Holt FinTech Accelerator, which is currently accepting applications, said the partnership will allow FinTechs to access its services and program.
“At Holdun, we are very honoured and humbled to announce this partnership with BCF Ventures. By merging our experts and our specialties together, more startups will be able to benefit from our services and our council in their development,” said Brendon Holt Dunn, founder and managing partner of the Holt FinTech Accelerator Program. “This will help make our program the ideal infrastructure to integrate fintech and exponential technologies industries.”
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