Silicon Valley accelerator Plug and Play announced its eighth FinTech accelerator batch, which includes Accrualify, for business development and mentorship opportunities.
SAN MATEO, CA August 16, 2018 – Accrualify, Inc. announced its formal acceptance into the Plug and Play FinTech Batch 8 Accelerator Thursday morning. The accelerator is designed to connect promising startups to mentors, investors, and potential business partners.
“We are extremely excited and hopeful about the Plug and Play accelerator,” said Benjamin Portusach, CEO and Co-Founder of Accrualify. “We fully understand being selected to join is a real honor, and we certainly plan to make the most of our membership to this elite accelerator.”
Plug and Play has developed a rigorous process for selecting startups into their accelerator programs. Startups must first apply, or be invited to apply, to attend pitch events. After selecting a few dozen or so companies out of hundreds, chosen startups pitch in front of Plug and Play’s anchor corporate partners, who then vote on startups to join the program. Eighteen companies were given the honor to participate in the eighth batch.
The twelve week program is designed to give chosen startups access to industry mentors, investors, and deal flow opportunities with Plug and Play’s list of corporate partners. Their anchor corporate partners include US Bank, BNP Paribas, Deloitte, Hitachi, and other well-known banking and FinTech companies. The anchor corporate partners look to selected startups for innovation opportunities for their customer facing products and services.
“Over the past 12 years, we have built the largest innovation platform worldwide, bringing together startups, investors and corporations. As we kickoff of our Batch 8, we are not only excited but energized to be working with this amazing group of entrepreneurs. Plug and Play’s mission is to innovate; that’s what we will continue to promote not only in the Silicon Valley but globally. We look forward to connecting the hottest startups in the FinTech space to our global corporate ecosystem,” said Nadine Schubert, Head of Operations at Plug and Play FinTech.
Previous companies to graduate from the accelerator program include Credit Sesame, PandaDoc, Bento for Business, 37coins, ChangeTip, and many others.
For the full list of the Plug and Play Batch 8 FinTech companies, visit https://www.plugandplaytechcenter.com/fall-2018.
About Accrualify, Inc.
Accrualify offers mid- and enterprise-level companies cloud-based automation solutions to better manage their Procure-to-Pay and accounts payable processes. Accrualify’s products enable more efficient and automated management of purchase orders, accruals, invoices, payments, vendor management, and budgeting. Their mission is to leverage artificial intelligence (AI) and machine learning to address the many pain points corporate finance organizations face on a daily basis. It was this principle that led Accrualify to develop a product that automates month-end accrual processes. To learn more about Accrualify’s P2P and AP automation tools, visit www.accrualify.com.