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BMO, 1871 open applications for annual WMNfintech program

Applications close on April 17.

BMO, 1871 open applications for annual WMNfintech program

BMO and 1871 have announced an open call for their WMNfintech program. Applications close on April 17.

It’s one of the largest nonprofit fintech industry accelerator programs for women-founded and women-led startups in North America. Five companies will be selected.

“Women are unapologetically taking the fintech industry by storm, and it's vital that corporations team up with proven young startups to accelerate innovation and success,” Betsy Ziegler, CEO of 1871, said in a statement. “Year after year, we've seen extraordinary female founders in this program solving very important problems. We are excited to partner with BMO once again in delivering this program.”

1871 is an innovation hub and business incubator based in Chicago with nearly 1,000 companies considered an alumnus. BMO is a North American bank with $1.15 trillion in assets as of January 31, 2023.

Their teams will participate in coursework about enterprise sales cycles, vendor management, information security, risk and regulatory requirements, and media training. Women-owned fintech companies that have completed the program have raised more than $31 million and created 170 jobs.

There will also be an answer to pitch BMO investors and a 12-week education program. Women could also have access to BMO’s $300 million Women in Business programs and other supports.

“BMO is committed to making progress for a thriving economy, sustainable future and inclusive society. In the fintech space, WMNfintech is the only program of its kind that connects women founders to one of the best ecosystems in North America to accelerate their businesses, pitch products and services to investors, and create opportunities to secure capital,” Andrew Harrison, head of U.S. Digital Partnerships at BMO, said in a statement.

“Each year, our partnership with 1871 helps founders create the growth that supports a thriving economy, all while eliminating barriers to inclusion. We are eager to meet this year's cohort that will no doubt transform the banking experience.”