From one Queen City to another: Wunderfund.co, a Cincinnati-based startup that allows "everyday" users to invest in their favorite startups, has announced that it will participate in Charlotte, N.C.-based Queen City Fintech's tenth cohort.
The 12-week accelerator, which is a part of the Carolina Fintech Hub and boasts the sponsorship of a host of major banks like Fifth Third and Wells Fargo, kicks off March 25. It boasts a mentor network of 300 and invests about $40,000 per company, with opportunities for follow-on funding for top performers, its website states. Portfolio companies include Curu and ImpactCents.
During Wunderfund.co's time in the accelerator, its team said its goal was to "[work] with the banks to power commercial fundraises."
Wunderfund.co founder and CEO Marvin Abrinica elaborated in an email to Cincy Inno.
"We really admire Queen City Fintech and their commitment to bring innovation to major banks," he said. "We know the banks play such a critical role in funding small business. Wunderfund has a similar mission to fuel those moonshots. That's why we'd love to find the right banking partners to fund these companies together."
He added that the company was excited to immerse itself in Charlotte's "vibrant startup community," and that it would become "a place that Wunderfund can establish a beachhead in the South to access great new companies."
