Microsoft selects Capitalise for latest tech accelerator
Microsoft has chosen Capitalise to join its latest accelerator, the fifth cohort of its 16-week programme for “high growth” technology companies.
Capitalise officially launched at Finovate last month and is the “first” online marketplace using behavioural analytics to match lenders with SMEs seeking finance.
The start-up says it features more than 50 institutional lenders, enabling small businesses to search, rank, select and manage finance options via a single automated application at its site.
Capitalise is one of 13 companies chosen to participate in the accelerator, which aims to help firms “scale their business, bring innovative services to market, and reach new customers”.
Paul Surtees, MD and co-founder of Capitalise, says working closely with Microsoft will enable it to “more quickly develop” its machine learning capability.
Last month, Banking Technology was at Finovate in London.
The message from the conference was that customers are busy and don’t have time to deal with slow banking services and processes.
Instead, they want social media banking and more sophisticated personal banking, together with benefits that are convenient to them.
However, not everyone in the audience was convinced about the ability of new technologies to realise that vision.