The problem: FinTech startups face unique challenges
Consumer web companies benefit from one of the fastest product feedback cycles known to exist. Developers can test new
features rapidly by deploying live and gathering A/B feedback. Getting in front of Financial Services professionals to
secure product feedback often proves much more challenging. Further, the nuances of industry dynamics and workflow need
to be incorporated into any emerging company's product in order to ensure a broad base of appeal across the industry.
Accessing the Financial Services community for customer development opportunities is hard. Professionals have busy
schedules, can be hard to reach through traditional marketing channels, and often times have complex
internal policies/procedures to navigate. Institutions are on the hunt for new technology
to gain an edge but do not always know the best place to look.
The single most unique factor of Financial Services versus other industries is the complexities introduced by regulation.
Institutions suffer from entrenched risk, oversight, and compliance issues with the added complexity of multiple regulatory
regimes (local, state, federal, multiple agencies, foreign governments). Understanding regulatory implications and internal
interpretations is a critical aspect of developing a successful FinTech company. Recent regulatory upheaval in the US and
abroad is creating new opportunities across almost all segments of the industry.
The solution: The ValueStream Development Lab
The details: Common questions
ValueStream works with and invests in early-stage technology and data providers in the Financial Services
industry, known as "FinTech", and also companies from other industries seeking opportunitoes to build large
customer bases in Financial Services. Applicants should have a fully or near fully built product, and be seeking to increase sales to professional
and enterprise customers, gather actionable feedback from high-profile customer prospects, and obtain
guidance from proven entrepreneurs and industry experts.
We believe New York City presents a nexus of opportunity for those looking to launch tech enabled Financial
Services companies. However we recognize that other cities offer benefits as well - and can effectively work
with companies located throughout the United States and some other countries, as long as founders are committed to periodic travel to NYC.
ValueStream invests between $100,000 and $1.5M in companies in our Development Lab, which is deployed over
multiple rounds of financing, as needed. ValueStream’s fund is a highly strategic source
of capital for FinTech startups. In fact, nearly all of ValueStream’s investors are either financial institutions
or senior-level industry professionals in Financial Services. Our investor base and impressive network of
advisors give startups access to a wide range of expertise and deep industry connections that would
otherwise be out of reach for early-stage companies.
The program length is flexible but is typically 6 months.
ValueStream Labs accepts companies on a
rolling basis and as such there is no "class structure," although we will seek to encourage cooperation between
Yes. Please email firstname.lastname@example.org
to receive an overview of the framework the ValueStream Development Lab uses for our Business and Product Development workstreams.
Are you ready to launch the next phase of Financial Services?