Local fintech startup accelerator begins work with its first cohort.

In a digital world, creative technologies are needed to ensure safe, efficient financial transactions. Columbus has the smarts to compete and the wherewithal to give fintech entrepreneurs a leg up, as witnessed by Fintech71, unusual in this space as a nonprofit startup accelerator.

From its new Columbus HQ (see this month's Office Space feature), Fintech71 has started working with its first cohort of 10 startups. Each gets a $100,000 buy-in from Fintech71, six months of free office accommodations and 10 weeks of intensive mentoring.

Homegrown SafeChain joins startups from across the globe as one of the inaugural beneficiaries. SafeChain offers secure fraud-prevention software for title professionals with client identity verification and verified ownership of bank accounts.

Co-founder and CEO Tony Franco says, “Fintech is a complex space, and Fintech71 has done a great job pulling together established players from diverse sectors of the financial ecosystem. Rob (Co-founder and CTO Robert Zwink) and I are excited to partner with world-class businesses and impact the fintech space through blockchain.”