Bank Innovation INV today announces the addition of Navy Federal Credit Union as a member of Bank Innovation INV, the revolutionary fintech accelerator.
INV, which was launched in January, is the first non-geographically specific fintech accelerator open to startups from anywhere in the world.
Navy Federal joins Fiserv, Bank Innovation, U.S. Bank, Cross River Bank and other financial institutions as a member of INV. Navy Federal, the world’s largest credit union, will contribute mentorship and work to cultivate the startups in INV.
“We are extremely excited to welcome Navy Federal as a partner in this venture,” said JJ Hornblass, Principal, Bank Innovation INV. “As the largest credit union in the world, Navy Federal is sure to lend a valuable perspective as a member-owned institution to the INV endeavor.”
The inaugural class of Bank Innovation INV received applications from more than 100 early-stage companies. Applications are currently being evaluated, and the first class will begin this month.
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