OpenRisk Technologies, Vouchr join the Wells Fargo Startup Accelerator program

OpenRisk Technologies Inc. and Vouchr have officially joined the Wells Fargo Startup Accelerator, Wells Fargo & Co. announced Wednesday.

The pair brings the total number of companies in the accelerator portfolio to 21, Wells Fargo said.

“Helping to advance innovative fintech startups plays an important role in our efforts to deliver the financial experiences of tomorrow that customers demand,” Lisa Frazier, head of the Innovation Group at Wells Fargo, said. “We welcome Open Risk and Vouchr to the Wells Fargo Startup Accelerator program and applaud the passion, agility and focus they bring to create innovative solutions and unique customer experiences. Innovation is critical within financial services, and we’re excited to invest in and collaborate with these companies, and all our accelerator companies, to reimagine financial services.”

OpenRisk Technologies is based in Franklin Park and has built a management platform that leverages web, AI and blockchain technologies to analyze data, facilitate post-trade operations and mange risks.

“OpenRisk is excited to be part of the Wells Fargo Startup Accelerator and to work with business and tech leaders through the program to validate key components of our platform,” Narasimha Kodihalli, founder and CEO of OpenRisk Technologies, said. “We see great potential to grow our solution and build on our foundation of smart people, smart approach and smart technology.”

Vouchr, based in Toronto, has created an engagement platform for digital money that transforms financial institutions’ existing transactions into a personalized experience.

“Differentiated and unique mobile consumer experiences that elevate basic money transfer and bring people closer together are key to attracting new and keeping current clientele,” Suresh Bhat, chief operating officer at Vouchr, said. “Joining the Wells Fargo Startup Accelerator is an opportunity to help us scale our technology globally.”

The accelerator program began in 2014 to help advance emerging technologies in the financial industry. Startups are eligible to receive up to $1 million in funding as well as guidance from Wells Fargo leaders.