Australia’s leading independent fintech accelerator Stone & Chalk welcomes Verrency as its latest resident member
Verrency is pleased to announce that it has been accepted into fintech accelerator Stone & Chalk in Sydney, Australia. As one of the top fintech innovation hubs globally, Stone & Chalk has created a formidable fintech community with 24 Australian and International corporate partners, over 90 start-ups – of which 13 of them are scaling globally – 325 residents and 32 graduating alumni.
Verrency Group Chairman and CEO David Link said: “We are pleased to come on board as a resident member of Stone & Chalk. To be recognised for our high-growth potential by one of the foremost fintech communities in Australia and globally within the first year of our operations is a positive indication of things to come for us. As we expect to soon be opening our platform to be able to connect payment-related fintechs to banks, joining Stone & Chalk was a logical choice for us.”
Stone & Chalk has a rigorous selection process for the start-ups it chooses to collaborate with, which ensures a particular standard among the community. The majority of start-ups are at their Pre-seed to Series A level of funding and have products that are scaling nationally or internationally. They encompass a wide range of different disruptive and innovative fintech categories and including new market platforms, insurance and cyber security.
Verrency provides ‘innovation-as-a-service’ that enables issuers to deliver the latest payment capabilities, fast and cost effectively, through their existing payments infrastructure. By giving their consumers unprecedented flexibility and control over how they pay, Verrency’s cutting edge features drive growth and increased customer satisfaction. Verrency also enables innovation across the payments ecosystem, providing fintechs and other innovative payment services the ability to be easily connected and distributed through issuers at scale.
About Stone & Chalk
Since its launch in August 2015, Stone & Chalk has helped create a formidable fintech community across Victoria and New South Wales, and has become recognised as one of the top fintech hubs globally. Stone & Chalk has 24 Australian and international corporate partners, houses over 100 full time startups, 352 residents, with 13 of these now exporting. Together with its 32 alumni, Stone & Chalk startups and scaleups have secured over AU$211m of direct equity investment, and have created 500 direct new jobs in the areas of fintech, cyber security, insurtech, data science, and connected devices. Stone & Chalk has established resident and corporate innovation programs, inclusive of investor programs, pitch training, mentorship, and training.