Wells Fargo Spurs Innovation with New Startup Accelerator Class

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo (NYSE:WFC) announced today that it has selected three early stage companies – Gridspace, Roostify, and Splice Machine – for investments of up to $500,000 for the fall 2015 class of the Wells Fargo Startup Accelerator, a semiannual boot camp for innovators who seek to shape the future of financial services. Companies join Wells Fargo’s accelerator to refine their potential breakthrough technologies for financial services and other applications. Wells Fargo also is now accepting worldwide through Dec. 16 applications for its spring 2016 class athttps://accelerator.wellsfargo.com.

“Our Startup Accelerator expands our vision of the future of financial services beyond the boundaries of Wells Fargo and banking, introducing us to innovators who want to shape how our customers handle their financial needs in the future,” saidSteve Ellis, head of Wells Fargo’s Innovation Group, a company-wide organization that leverages emerging technologies to deliver customer-inspired products and services. “Our business and technology leaders work closely with accelerator members to test concepts, validate technologies, identify market opportunities, and guide them through the process of bringing their ideas to market.”

Fall 2015 Class:

  • Gridspace (@gridspaceinc) of San Francisco – a collaboration between SRI International, the lab behind Siri, and a multidisciplinary team of engineers that creates software that harnesses the power of voice communications by making them searchable, organized, and accessible. “Connectivity isn’t the issue anymore,” said Evan Macmillan, CEO of Gridspace. “It’s making sure the content contained in each call is cataloged and analyzed. Working with Wells Fargo allows us to learn from its leadership in financial services and to discover new use cases for voice technology.”
  • Roostify (@Roostify) of San Francisco – a developer of automated real estate transaction technology that seeks to improve the customer experience and conversion rates. “Technology that automates any lengthy process, such as the process of purchasing a home, is a welcome addition to both lenders and consumers who are looking for efficiency in a daunting process,” said Rajesh Bhat, CEO and co-Founder of Roostify. “We are thrilled to have been accepted into the Wells Fargo Accelerator program and look forward to working with the bank to further enhance our technology platform for lenders and consumers.”
  • Splice Machine
    Wells Fargo Advisors

    Wells Fargo Advisors (Photo credit: Wikipedia)

    (@splicemachine) of San Francisco – provides the Hadoop RDBMS, a next-generation database that is 5-to-10 times faster at one-fourth the cost of traditional databases. “We are proud to be selected for the Wells Fargo Accelerator program,” said Monte Zweben, co-founder and CEO at Splice Machine. “It validates the Splice Machine RDBMS value proposition to the financial services industry, where the need to more quickly manage rapid data growth to make more in-the-moment, data-driven decisions is growing.”

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About Stephen G. Barr, Group Publisher

Author, Syndicated Columnist, Editor In-Chief and Group Publisher at SGB Media Group, a social media marketing firm specializing in digital media content production, publishing, affiliate marketing, public relations and advertising. Over 25 years experience in retailing, advertising, website & online forum development, niche social networking, affiliate marketing, search optimization, branding and identity, site location, non-profit fund raising. Event planning, promotion, production and MC/Host at public events. Author, Editor & Publisher of 35 syndicated, digital publications utilizing multiple digital distribution channels in conjunction with launching and administrating national advertising campaigns for major Fortune 500 advertisers in partnership with Google, Ning, Facebook, Myspace, Yahoo, DoubleClick, LinkShare, PepperJam and other industry leading third party affiliate networks. Product development team member from conception to launch on many websites, tangible goods and organizational structure for start ups. Specialties: Public relations, retailing, advertising, website & online forum development, niche social networking, blogging, email campaigns, affiliate/performance marketing, search optimization, branding and identity, site location, event production & promotion, non-profit fund raising and tasteful, responsible adult content publishing. An internationally recognized and read social media columnist & pundit on The Examiner, Associate Content, Vator.tv, X-Biz.net and Technorati and his own affiliated sites.
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