Intuit Canada has partnered with Highline Beta to launch a new fintech accelerator.
The Intuit Prosperity Accelerator seeks to foster two types of companies: ones that help consumers eliminate debt, build savings and enable financial literacy; and ones that help self-employed people and small businesses improve cash flow, get customers and access help.
“Many of these challenges are global and I believe that if we broaden our views, expand our networks, and learn from each other, this time of crisis will bring innovative solutions that will help solve financial prosperity challenges for Canadians,” said David Marquis, country manager at Intuit Canada, in a news release.
Intuit Canada is a financial company that offers TurboTax, QuickBooks and Mint. Highline Beta is a venture studio and venture capital firm. Both firms are based in Toronto.
Startups that are selected to join the accelerator will receive four months of virtual programming, including access to a mentorship network, $20,000 for pilot execution and the opportunity for further investment from Highline Beta.
“We’re very eager to find startups whose products can help make a difference during this difficult time,” said Benjamin Yoskovitz, founding partner at Highline Beta. “By focusing on finding the more effective solutions and executing pilots quickly, we can deliver impact where it matters most.”
The accelerator will accept applications from around the world from high-potential, seed-stage tech startups with products in market — although it is also open to working with pre-seed or later stage fintechs.
The Intuit Prosperity Accelerator is accepting applications until Sept. 4, 2020.