Empowering Women in Fintech: BMO and 1871 Unite for Innovation
BMO and 1871 Invite Applications for WMNfintech Program
Applications are now open until April 10, 2025, for the sixth annual WMNfintech program. This initiative, powered by BMO and 1871, is designed to provide vital support to female entrepreneurs in the financial technology sector. WMNfintech has evolved into North America's most prominent network dedicated to women-founded and women-led startups.
With its sixth iteration, WMNfintech is on a mission to foster innovative solutions that facilitate progress within the financial services industry. Andrew Harrison, the Head of Emerging Partnerships and the Digital Innovation Fund at BMO, expressed his enthusiasm for the upcoming cohort stating, "BMO is committed to driving innovation to help our customers and clients. Supporting businesses of all sizes is central to our purpose."
What Participants Can Expect
The five selected startups will receive exclusive access to a plethora of resources tailored to enhance their growth and performance. Participants will benefit from personalized mentorship and insights provided by leading BMO experts, along with specialized programs addressing critical areas such as enterprise sales processes, vendor interactions, and regulatory compliance.
Moreover, members will gain a six-month membership to 1871, which will furnish them with additional supportive resources and strategic roadmaps. They will also have opportunities to network with industry professionals and stakeholders through events and meet-ups. Startups will receive guidance in refining their pitching strategies, mentorship, and establishing invaluable connections.
Program Schedule
The WMNfintech program is set to run from May through August, comprising four weeks where founders will engage through both in-person and virtual sessions. This year’s cohort will also participate in exclusive events hosted across major U.S. cities, enhancing their networking prospects significantly.
The Impact of WMNfintech
Since its inception in 2020, WMNfintech has directly contributed to the creation of over 200 jobs and the raising of more than $45 million in capital by participant startups. This program has proven that empowering women in fintech is not only necessary but also a significant investment towards advancing financial innovation.
Betsy Ziegler, the CEO of 1871, articulated the importance of this initiative: "Empowering fintech startups isn't just the right thing to do – it's a smart investment in the future of financial innovation." With a solid community of innovators, WMNfintech continues to redefine what is achievable in the fintech landscape.
How to Apply
Interested parties should submit their applications for the WMNfintech program by April 10, 2025. Further information about the program can be found on the BMO and 1871 websites.
About BMO
BMO Financial Group stands as the eighth largest bank in North America, boasting total assets of $1.5 trillion. With a rich history serving customers for 200 years, BMO prioritizes innovation and community support, assisting over 13 million customers throughout Canada and the United States.
About 1871
As a leading innovation hub, 1871 facilitates a vibrant ecosystem for startups and innovators. It supports nearly 500 early-stage startups, over 250 growth-stage companies, and collaborates with numerous corporates, aiming to foster business development and job creation.
Frequently Asked Questions
What is the WMNfintech program?
The WMNfintech program, organized by BMO and 1871, supports women entrepreneurs in fintech by providing resources and mentorship.
Who can apply for the WMNfintech program?
The program is intended for women-founded and women-led startups in the financial technology sector.
When is the application deadline?
Applications for the program are open until April 10, 2025.
What benefits do participants receive?
Participants gain access to mentorship, resources, networking opportunities, and a program tailored to the financial sector.
Where can I find more information about the program?
For more details, prospective applicants can visit the BMO and 1871 websites.
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