Launch of First Rate Connect Venture Accelerator, Aims to Support Singaporean Fintech Startups in Expanding to the US Market

First Rate Connect: Venture Accelerator

SINGAPORE – 3 September 2024 – First Rate US, a leading wealth technology (WealthTech) innovator, is excited to announce the launch of its new venture accelerator in Singapore, First Rate Connect. Established in 1991, First Rate serves over 500 clients globally, including top US banks and Financial Institutions. First Rate Connect will leverage First Rate’s industry and in-market expertise to support Singapore-based Fintech startups to scale and enter the US market. First Rate Connect is working with Singapore government agency Enterprise Singapore (EnterpriseSG) as a partner on the latter’s Startup SG Accelerator programme, to nurture and support the growth of fintech startups in Singapore and globally.

First Rate Connect’s vision is to create value by bringing the same opportunities in the US to Singapore WealthTech and ESG FinTech companies to help these start-ups to become the “right fit” and bring sustainable value for the markets they serve. It is designed to be a place where innovation and wealth management converge to create a positive future of finance.

First Rate Connect is the second venture accelerator set up by First Rate, on the back of the successful launch of its first programme – The Founders Arena – in Texas. The WealthTech venture accelerator in Singapore takes on a similar “go to market” approach, but with an added ESG fintech element.

The inaugural cohort in Singapore, starting this October, will gain access to First Rate’s extensive US network, including financial institutions and potential funding from venture capital partners. This accelerator aims to support startups by addressing challenges related to business sustainability and market access. The program lasts for 14 weeks from initiation to deep immersion with qualified prospects in the US to secure enterprise deals. After conclusion of the program, startups in the cohort continue to receive ongoing support.

For more information, visit First Rate Connect or reach out to connect@firstrate.com. The company also invites members in the fintech startup community to its social mixer on September 10th, a valuable event for networking and learning more about the program. Sign up for the mixer at the events page.

About First Rate:

First Rate is a global wealth technology company founded in 1991. The company provides a range of tech solutions for over 500+ clients, including large Financial Institutions (FIs) and multiple channel partners.

Currently, as of 2024, First Rate serves 15 of the top 20 Banks in the US and the 2 largest financial technology channels in the US who use, resell and distribute First Rate’s technologies. Outside of the US, First Rate has global offices across Latin America, Asia, Europe and the Middle East.

The central ethos of First Rate is to serve customers, co-workers and communities first. This is the reason it’s still thriving after more than 30 years of developing innovative WealthTech grounded on its commitment to invest, build and support a broader ecosystem. First Rate is the “heart and soul” of WealthTech, embodying the principles of “love, serve, give and enjoy” through product, projects, people, and philanthropy.

For more information, please contact:

connect@firstrate.com