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MoneyGram, Stellar Team on Blockchain Accelerator

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The Stellar Development Foundation (SDF) and MoneyGram International Inc. (MG) have formed a partnership with Techstars, the global network that helps entrepreneurs succeed with investments of capital, and will launch a mentorship program aimed at Latin America’s financial system, the companies announced Friday (March 11).

MG, the digital P2P payments provider, and SDF, the nonprofit organization that supports Stellar, an open-source network that connects the world’s financial infrastructure, have launched a startup accelerator program designed to focus on building solutions for a more inclusive and accessible financial system in Latin America, the companies’ said.

The three-year initiative will select up to a dozen FinTech startups to participate in a 13-week immersion program. Under the program, entrepreneurs will work with mentors from the three companies.  At the conclusion of each class, participants present their progress and vision to a group of FinTech investors and stakeholders.

Applications for the first class of startups is scheduled to open on July 25. The…

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