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In this episode of Startup Hustle, Matt and Matt are joined by the managing director at Fountain City Fintech, Zach Anderson Pettit, in an interesting discussion on the purpose of being a partnership accelerator rather than just an accelerator.
Banks don't always understand the needs of most startups. So, when NBKC bank went from only offering partnerships to having a full-on accelerator program, you could imagine the opportunities that opened up.
NBKC bank's program is unique in that it is the bank behind the fintech rather than being partnered with a fintech.
By being a partner accelerator, NBKC bank is able to offer incentives such as doing a partnership in less than 6 months and offering investments. In order to have a successful partnership, it is crucial to have a relationship with your bank if you want to have a larger fintech company.
NBKC bank recognizes that a partnership needs to be more than just financial support. It needs to be a relationship with a thriving environment for your startup to grow.
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This episode is sponsored by Full Scale:
Learn more about Fountain City Fintech:
http://www.fountaincityfintech.com/
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