Mr. Thomas Beattie reports
VOLEO RECEIVES INVESTMENT FROM FIDELITY NATIONAL INFORMATION SERVICES AND PARTICIPATES IN ACCELERATOR PROGRAM HOSTED BY THE VENTURE CENTER
Voleo Trading Systems Inc.
is participating in the 2019 Fidelity National Information Services financial technology accelerator program. As one of 10 selected start-up companies taking part in the 12-week on-site mentorship program at The Venture Center, Voleo is benefiting from in-depth business support and guidance as its management team meets with dozens of innovative financial institutions. Voleo was the only Canadian fintech company selected from over 225 applicants across 36 different countries.
Fidelity is investing over $100,000 into Voleo across three equal tranches at a price equivalent to the reverse takeover price of 25 cents per share. This investment is complemented by personal access to Fidelity's senior executives. The Venture Center is dedicated to developing the financial innovations of the program participants and pro-actively supporting dialogues between the cohort and financial institutions.
Fidelity is a global leader in financial services and technology, working with over 20,000 clients across 130 countries. Fidelity's technology connects financial organizations with their customers and powers 27 billion transactions annually, moving over $9-trillion globally each year. The Venture Center has also become a major name in the fintech industry by providing entrepreneurs and start-up corporations with the innovative programs needed to connect with financial institutions and investors on the path to sustain economic growth.
In the short time the Fidelity accelerator program has been established, the average capital raise of a portfolio company is over $1.8-million. For its fourth year, Fidelity and The Venture Center evaluated all applicants on start-up viability, product maturity and market fit, indicating the significant potential of the top 10 selected participating companies. Throughout the 12 weeks, Fidelity and The Venture Center will provide the tools needed to accelerate the selected companies' growth and strategic advancement within the fintech market.
Thomas Beattie, chief executive officer of Voleo, commented: "We have already started to realize tremendous value from the FIS accelerator program. Voleo is gaining significant exposure to its target market of influential financial institutions and we have direct access to numerous banks and credit unions. We look forward to continuing to build our relationship with FIS through the rest of this program and into the future."
The 12-week program commenced April 29, 2019, in Little Rock, Ark., regarded by many as the "birthplace of fintech," and will run until July 19, 2019.
About Fidelity National Information Services
Fidelity is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions.
About The Venture Center
The Venture Center's immersive accelerator programs are designed to accelerate the growth of early-stage companies and help them validate their solutions for real-world problems. The company's methodology provides a unique opportunity to connect with C-level suite global executives, receive seed investment and learn from a comprehensive curriculum that will aid in strategically addressing go-to-market, business and finance challenges.
About Voleo Trading Systems Inc.
Voleo is a mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion Web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labelled by major financial institutions around the world as an innovative product to engage, retain and acquire retail customers.
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