Ten Israeli startups have graduated from the Tel Aviv accelerator program of London-headquartered bank Barclays PLC.
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The 10 selected startups were data protection company Wenspire Ltd., branded gift marketplace Brandable Technologies Ltd., mobile payment startup Cashew Fintech, stock market tracking company Crowdsense Ltd., financial data startup Fostrum Financial Technologies, retirement financing startup Gannuity Ltd., banking startup Kred, payment-through-loyalty-points company PayPeanuts Ltd., loans startup Snippet Finance Co Ltd., and personal tax refund tracking startup Untied, listed as UT Tax Ltd.
Barclays’ Tel Aviv accelerator launched in 2016 and offers a 13-week mentorship program and investments for startups in the domains of fintech and cybersecurity. Barclays also offers accelerator programs in London and New York. As part of the program, which is powered by American seed accelerator TechStars, Barclays has allocated a sum of GBP 10 million ($13.1 million) for investment in graduating startups in each cohort.