St. Louis Group Launching Accelerator For Financial Startups

SixThirty, a St. Louis tech accelerator, is launching with plans to invest $800,000 into financial-based startups each year for at least three years. The program, backed by the St. Louis Regional Chamber and Cultivation Capital, will accept four startups in both fall and spring classes, providing those startups $100,000 investment and a four-month program that includes hands-on training and mentoring from business leaders in the area.

Jim McKelvey, whose credits include co-founding payments company Square, is managing director of SixThirty. He said the program aims to remove obstacles that commonly stand in the way of financial startups and to attract new companies to St. Louis. The first class begins in October in the T-REx space in downtown St. Louis, and applications will be accepted through Aug. 30.

Read more from the St. Louis Business Journal

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