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Extend and Oliver Join the Wells Fargo Startup Accelerator


Wells Fargo & Company (NYSE:WFC) announced today that companies Extend and Oliver have joined the Wells Fargo Startup Accelerator, a portfolio of startup companies that develop solutions across a broad set of domains including customer experience, payments, marketing, risk and regulation, climate change and security. Companies in the Wells Fargo Startup Accelerator are able to take advantage of education, mentorship and investment to guide early stage growth. These companies can make use of emerging technologies such as artificial intelligence, distributed ledger technology and augmented reality to solve challenges. Presently there are 27 companies in the Accelerator portfolio.

"The Wells Fargo Startup Accelerator combines the talent and nimbleness of a startup with the expertise and scale of Wells Fargo to work on innovative solutions for our customers and businesses," said Lisa Frazier, head of Wells Fargo's Innovation Group. "The future of banking, and the ability to adapt to ever changing customer needs rely on these types of collaborations. We welcome Extend and Oliver to the Wells Fargo Startup Accelerator."

The latest Wells Fargo Startup Accelerator companies:

Now in its sixth year, the Wells Fargo Startup Accelerator focuses on advancing emerging technologies in pursuit of breakthroughs for financial services. Startups are eligible to receive up to $1 million in funding, along with guidance from Wells Fargo business and technology leaders to help refine and scale their solutions. The program has received more than 3,200 applications from innovative companies in more than 100 countries since the program's inception. Applications can be submitted throughout the year at www.acceleratorapply.wf.com.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

News Release Category: WF-IT



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