Tatum and StartupYard Partner to Accelerate Fintech and Web 3.0 Startups with Funding, Business Expertise and a Fast Track to Blockchain Technology
LONDON and MIAMI, Feb. 22, 2023 /PRNewswire/ -- Tatum, the company drastically simplifying blockchain applications development, announced it has partnered with StartupYard to accelerate business success and time-to-market for early-stage fintech and Web 3.0 startups through the Tatum Blockchain Accelerator. The program addresses technology and business factors that often inhibit or impair Web 3.0 and digital finance startups.
"Many innovative and promising Web 3.0 and digital finance companies never make it to market due to a combination of decisive business and technical factors," said Jiri Kobelka, co-founder and chief executive officer, Tatum. "Tatum has long bridged the difficult technical gap in creating or integrating blockchain to applications, and, now, joining with StartupYard, we address the other common factors that prevent great ideas and interesting companies from success."
Eligibility for the Tatum Blockchain Accelerator requires that a company is developing an application or service in Web 3.0, Non-Fungible Tokens (NFTs), Digital Wallets, Digital Contracts or other digital business and digital finance. Companies must be working on any blockchain protocol, preferably Ethereum Virtual Machine or compatible protocols. In addition, the first iteration of the application should live on or about to go live on Testnet. Candidate companies are selected jointly by Tatum and StartupYard.
There is no upfront charge for the program. Instead, StartupYard issues a capped convertible note valued at €40,000 for participation in the Tatum Blockchain Accelerator. The cap depends on the stage of the startup, but typically varies between €800,000 and €1.5m with a 20% discount. The convertible note is valid for 18 months.
StartupYard has been accelerating startups since 2011 by giving them access to new customers, partners and investors. We are the longest running accelerator in CEE, and, since we started, we have invested in companies across 21 countries, with 92 startups having raised over €100m so far, employing more than 1,500 people and reaching customers around the globe.
Tatum provides the world's first blockchain applications development platform to speed the creation, lower the barriers and decrease the cost of creating blockchain applications. Tatum enables greater functionality, portability, scalability and higher quality without requiring blockchain development experience or expertise. The framework incorporates 60+ different protocols and integrates the use of APIs to fit into existing development processes. Founded in 2018, Tatum has over 140,000 customers and adds over thousands of new ones every month. Tatum is the most used Web 3.0 development stack. Created as a global company, Tatum was founded in the Czech Republic and has its official headquarters in the UK, with a corporate center located in Miami, Florida and offices around the world.
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