ARM begins support for fintech start-ups

ARM begins support for fintech start-ups

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THE ARM Group in partnership with Greentec Capital Partners said it has commenced ARM Labs Innovation programme.

A statement said the programme was formerly known as LABS by ARM Accelerator Programme and recently changed to ARM Labs Innovation Programme.

It said, “The programme is designed to support ARM’s mission to fund compelling Nigerian fintech startups in the incubation stage.

“These startups should be poised to solve key problems in innovative ways within the financial industry and introduce ideas that transform how users access and consume financial services.

“Through this programme, ARM will support the selected startups to commercialise and grow the distribution of products and services.”

The statement said during the seven-week innovation programme, fintech startups would be engaged intensively in a series of activities, including advisory and mentorship sessions, all aimed at advancing the growth of their companies within the short time frame.

The statement said ARM Group would make an investment of $50,000 for six per cent equity to each of the five selected startups and provide them with office workspace as an additional benefit to assist with their business operations.

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