Square Co-Founder Starts Fintech Accelerator

Jim McKelvey, co-founder of San Francisco-based mobile point of sale (mPOS) giant Square, has launched a financial services tech accelerator, Finextra reported on August 14.

The St. Louis-based company plans to provide $100,000 in funding each year to eight different tech startups. The accelerator is backed with capital from the St. Louis Regional Chamber and Cultivation Capital.

For more on the training the accelerator programme will provide chosen startups, click here.