Yesterday marked the close of FIS Global’s 2nd Annual Accelerator program in Little Rock, AR. At the culmination of the program FIS Chief Product Officer Rob Lee announced that FIS had directly invested in FundSeeder (more news about this to follow in August!) An article covering Lee’s announcement recently ran in Arkansas Business and discussed FundSeeder further.
Below are a few key excerpts taken directly from the aforementioned article which we would encourage readers of this blog to review in its entirety:
“Lee told Arkansas Business that FIS made a small investment in and has a distribution partnership with FundSeeder, which offers a data and performance analytics platform for traders designed to democratize the capital allocation process.
FundSeeder CEO Emanuel Balarie said, “Having FIS in our corner gives FundSeeder a real competitive advantage in the space.”
FundSeeder COO James Bibbings said, “FIS has provided FundSeeder with great product insights. The financial industry expertise FIS has brought to the table has been invaluable. It’s apparent that they desire to make FundSeeder as successful as possible.”
He also said, “Alternatively, FundSeeder’s innovations and overall vision for industry disruption is pushing FIS. As a new company, we have the opportunity and autonomy to think outside the box a bit more than a Fortune 500 might. By challenging the asset management and trading industry paradigm, I believe we are already helping FIS to innovate and bring new value propositions to their clients as well.””