Alliance Gives Startups Access to Crucial Fintech Markets
NEW YORK & SHANGHAI — JadeValue Fintech and INV Fintech announced today that they formed a partnership to enhance financial technology startups in the United States and China.
The partnership will have INV introducing startups in its accelerator to JadeValue for investment and/or introduction to the Chinese market through JadeValue or its parent company, CashBUS, a leading personal lender in China. The investments will be made on a case-by-case basis, with JadeValue determining in which startups it will invest.
INV, meanwhile, will consider startups in the JadeValue incubator for introduction to INV’s partnership network.
“We are so thrilled to be working with JadeValue,” said JJ Hornblass, Principal of INV Fintech, the accelerator that includes Fiserv among its partners. “The China financial market is evolving quickly, and JadeValue gives INV a gateway to that potential.”
The JadeValue-INV collaborative agreement is seen as a strong first step that could lead to other initiatives down the road.
“Working with INV Fintech provides us access to leading fintech companies both in the US and globally through INV’s rich partnership network,” said Johan Uddman, General Manager of JadeValue. “We are pleased to kick off this collaboration to create value cross-border.”
ABOUT INV FINTECH
INV Fintech is an accelerator for post-seed-stage startups that provide financial services products and solutions. The accelerator, along with its members and more than 40 mentors, works with its startups during two annual classes to advance their valuation and product set. The accelerator was launched in 2015 in partnership with Fiserv, one of the world’s largest financial services technology companies. INV Fintech is a subsidiary of INV Accelerator LLC, which aims to advance technology startups around the world. For more information, visit www.invfintech.com.
JadeValue is a Fintech investor and incubator located in the heart of the financial center in Shanghai, Lujiazui. We provide promising Fintech startups with the capital, network and advisory they need to reach their next level. With a stunning view of the Huangpu River, our large incubator space is an innovation, learning and idea exchange platform, where startups, VCs and the global FinTech network can interact. JadeValue is powered by CashBUS, one of the leading personal lenders in China, backed by Shunwei Capital, Qiming Venture Capital and China Growth Capital. For more information, visit www.jadevaluefintech.com.