Commerce Bank has announced a new partnership with SixThirty, the St. Louis-based venture fund and accelerator program for startups in the fintech sector.
The Kansas City-based bank will offer training and mentorship to companies in SixThirty’s accelerator program, and Commerce will have the opportunity to make direct investments in those startups, according to a press release.
With the partnership, Commerce becomes the latest Missouri-based bank to support a program for fintech startups. Earlier this year, Kansas City’s NBKC Bank teamed with the LaunchKC grants competition to start the Fountain City Fintech accelerator.
“Partnering with an organization like SixThirty is a natural fit for Commerce and our culture of innovation,” John Kemper, Commerce president and CEO, said in a press release. “This relationship gives us an opportunity to look beyond our organization to identify strategic innovations to best serve our customers and solve the challenges of today and tomorrow – all while supporting the FinTech community and the St. Louis region.”
Commerce executives Bob Holmes and Dave Roller are members of the SixThirty investment committee, which chooses startups that SixThirty invests in and brings into its accelerator.