FinTech Innovation Lab

What FinTech Innovation Lab does

FinTech Innovation Lab is a premier global accelerator program co-founded in 2010 by Accenture and the Partnership Fund for New York City. It runs 12-week programs in three regions — New York, London, and Asia Pacific (Hong Kong) — to help early- and growth-stage fintech and insurtech startups scale by accessing senior decision-makers at leading financial institutions. The Lab accepts applications from startups globally (200+ applicants per New York cohort), and financial institution partners actively select the companies they want to work with, with senior executives from those institutions leading engagements throughout the program. A New York insurtech track was added in 2017, running in parallel with the fintech track.

The program's core product is the accelerator itself: selected startups receive mentorship from senior financial industry, technology, and venture capital executives, proof-of-concept development with bank and insurer partners, regulatory guidance via a regulator-in-residence, and exposure to 140+ global financial sector partners culminating in a Demo Day. The Lab has graduated 394 alumni companies, facilitated 950+ proofs of concept, and alumni have collectively raised more than $6.6 billion in capital with 24 New York alumni acquired. The business model is structured around a 0.5% equity grant from participating startups — described as substantially lower than competing incubators — rather than cash fees. The Lab is not independently capitalized; it is jointly operated by Accenture (NYSE: ACN) and the Partnership Fund for New York City as a strategic ecosystem program.

The Lab does not generate revenue as a standalone entity; it operates as a program that delivers strategic value to its two co-founders — consulting and pipeline upside for Accenture, investment-access and ecosystem optionality for the Partnership Fund. Distribution is primarily direct application via the website, supplemented by referrals and an active LinkedIn presence. Maria Gotsch (co-founder) and Andy Brown (CTO in Residence) lead the program.

Name

FinTech Innovation Lab

Legal name

FinTech Innovation Lab

Website

https://fintechinnovationlab.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Global fintech and insurtech accelerator co-founded by Accenture and the Partnership Fund for New York City. Runs 12-week programs across New York, London, and Asia Pacific, connecting early- and growth-stage startups with senior financial institution executives for a 0.5% equity stake.

Ownership category

akta.pro rank

Product category

Fintech Accelerator Program

akta.pro primary industry

Corporate Accelerators & Startup Programs (FSANAHAD)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Fintech accelerator program
• Startup mentorship services
• Insurtech accelerator
• Venture development program
• Financial innovation program

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Equity Stake: The program requires a 0.5% equity grant from participating companies in exchange for mentoring, access to financial institution decision-makers, and Demo Day exposure.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

FinTech Innovation Lab runs a 12-week intensive accelerator program in three regions (New York, London, Asia Pacific) that selects early- to growth-stage fintech and insurtech startups and pairs them with senior executives from over 140 global financial institutions for mentorship, proof-of-concept development, and Demo Day exposure. The program requires a 0.5% equity grant from participating companies in exchange for access to this curated network of decision-makers and the program's alumni and partner ecosystem.

Product overview

FinTech Innovation Lab is a single, unified accelerator program co-founded by the Partnership Fund for New York City and Accenture. The program operates across three regions (New York, London, and Asia Pacific) and provides a 12-week intensive curriculum that connects growth-stage fintech startups with senior executives from leading global financial institutions for mentorship, product refinement, and proof-of-concept development. The program has graduated 394 companies, facilitated 950+ proof-of-concept projects, and alumni have raised over $6.6B in capital.

Differentiator

Problem solved

Functional benefit

Brands

• FinTech Innovation Lab New York: Regional accelerator program for New York, launched in 2010, operating both fintech and insurtech tracks.
• FinTech Innovation Lab London
• FinTech Innovation Lab Asia-Pacific

Products and services

• FinTech Innovation Lab New York A 12-week competitive accelerator program for early- to growth-stage fintech and insurtech startups based in New York, providing mentorship from senior financial services executives, proof-of-concept development with leading financial institutions, Demo Day exposure, and access to a network of 140+ global financial sector partners. Participants grant 0.5% equity in exchange for program participation.
• FinTech Innovation Lab London

Quantifiable outcome

• 394 alumni companies raised a combined $6.6B+ in capital
• +4 more outcomes

Named customers18 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Partnership Fund for New York CitycoreStrategic or Co-development PartnerCo-founder and co-sponsor of the FinTech Innovation Lab. The Partnership Fund for New York City is the $180 million investment arm of the Partnership for New York City, New York's leading business organization. Its mission is to engage the City's business leaders to identify and support promising entrepreneurs.
• AccenturecoreStrategic or Co-development PartnerCo-founder and co-sponsor of the FinTech Innovation Lab. A global professional services company with leading capabilities in digital, cloud, and security, providing Strategy and Consulting, Technology and Operations services, and Accenture Song.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Level39: Level39 is a London-based fintech accelerator and technology hub that supports early-stage fintech companies with workspace, programming, and corporate introductions. It is a regional peer competing in the same London fintech ecosystem as the FinTech Innovation Lab London.
• NYU Tandon Future Labs / Cornell Tech Runway Startup Postdoc: NYU Tandon Future Labs is a NYC-based startup incubator/accelerator that supports early-stage tech and fintech startups with workspace, mentorship, and corporate introductions. It is a regional peer competing for NYC-based fintech founders and applicants to the FinTech Innovation Lab New York program.

Direct peers

• Techstars: Techstars operates a global network of accelerator programs including the Barclays/Techstars fintech accelerator. It runs 3-month cohort-based programs that culminate in demo days, takes equity in participating startups, and provides mentor networks. Directly comparable to the FinTech Innovation Lab in program structure, equity-for-service model, and fintech focus.
• Barclays Rise: Barclays Rise is a bank-operated fintech innovation program and accelerator that provides startups access to Barclays executives and infrastructure. It is comparable to the FinTech Innovation Lab's bank-sponsored model, particularly the London program where both compete for fintech startups and partnership opportunities.
• Plug and Play: Plug and Play runs industry-specific accelerator programs in fintech, insurtech, and other verticals, connecting startups with corporate partners. Its fintech and insurtech programs are direct competitors to FinTech Innovation Lab for both startup applicants and corporate sponsor partnerships, with a similar cohort-based, equity-light model.
• Startupbootcamp (now part of Rainmaking): Startupbootcamp operates multiple vertical-specific accelerators including fintech programs in London, NYC, and other financial centers. Its cohort-based structure, corporate partner network model, and equity-for-service offering make it a direct peer to the FinTech Innovation Lab in the global fintech accelerator market.

Broad incumbents

• Y Combinator: Y Combinator is the largest global accelerator with a broad (not fintech-focused) mandate. While it accepts many fintech startups, it is not industry-specialized. It competes for top-tier fintech founders and provides comparable demo-day exposure, making it the most relevant broad incumbent competitor.
• MassChallenge: MassChallenge is a global non-equity accelerator with programs including Fintech and Insurtech verticals. While broader in scope and equity-free, it competes for the same early-stage fintech startup pool and provides comparable mentor and corporate partner access.

Emerging players

• Anthemis: Anthemis is a fintech-focused venture capital firm and ecosystem platform that invests in and supports early-stage financial services startups. While not a traditional cohort-based accelerator, it offers comparable startup support, financial institution introductions, and ecosystem-building activities that overlap with the FinTech Innovation Lab's value proposition.

Others

• EFMA (European Financial Management Association) / Accenture Banking Consumer Study ecosystem programs: EFMA is a global financial services industry association that runs innovation programs, fintech showcases, and corporate-startup matching services. It is an adjacent ecosystem player that competes for mindshare among financial institutions seeking startup engagement, with overlapping value proposition but a different operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fintech-innovation-lab
• Xx.com/FinTechLab
• Facebookfacebook.com/fintechinnovationlab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FinTech Innovation Lab