Partnership Helps Businesses Capitalize on St. Louis’s Thriving Start-Up Scene and Robust Financial Services Community
ST. LOUIS – March 13, 2018 – World Wide Technology (WWT), a market-leading technology solution provider, today announced a multi-year partnership with SixThirty, a venture fund that invests in financial technology-based startups. The relationship between the two St. Louis-based companies further cements the city as one of the fastest growing startup cities in the United States, which increasingly attracts entrepreneurs who strengthen the job and talent pools, accelerate the economy, and create a place that fosters innovation.
Each year, SixThirty invests in eight to 10 financial technology (fintech) start-ups from a globally diverse pool of more than 300 companies seeking investment. As part of this investment, the companies participate in business development programs focusing on mentorship, as well as networking opportunities with some of the leading technology and financial services institutions in the region and across the country.
“WWT is a leading technology provider, rapidly expanding its innovation leadership globally and consistently recognized for our great culture and as one of the best places to work in the United States,” said Matt Horner, senior vice president, Global Enterprise Sales, World Wide Technology.
As part of the partnership WWT’s Matt Horner, senior vice president, Global Enterprise Sales, and Philip Farah, digital transformation lead, Global Financial Services Institutions will now join SixThirty’s Investment Committee which evaluates the investment pipeline and selects FinTech startups to invest in, and guides them through the process. It will also provide selected start-ups with access to WWT’s Advanced Technology Center (ATC), an opportunity that enables them to utilize the latest in technology for testing and rapid experimentation purposes. Current WWT customers will also benefit from the cutting-edge knowledge and expertise of these entrepreneurs as they all work to innovate.
“SixThirty drives collaboration between incumbents and FinTechs by uncovering promising solutions and nurturing entrepreneurial talent from across the globe with our deep Financial Services and Insurance network,” said Atul Kamra, SixThirty’s Managing Partner. “WWT is a leading technology provider, consistently recognized as among the best places to work in the United States. We look forward to pairing our FinTech expertise with their technology experience to help our partners and portfolio companies grow.”
About World Wide Technology
World Wide Technology (WWT) is a technology solution provider with more than $10 billion in annual revenue that provides innovative technology and supply chain solutions to large public and private organizations around the globe. While most companies talk about delivering business and technology outcomes, WWT does it. Based in St. Louis, WWT employs more than 4,600 people and operates over 2 million square feet of warehousing, distribution and integration space in more than 20 facilities throughout the world.
SixThirty is a global FinTech seed fund that invests in financial technology-based startups and provides them with mentorship and connections to the leading financial services companies in the country. The startups receive up to a $100,000 investment in exchange for a negotiated percentage of equity. SixThirty’s portfolio companies receive individualized attention. The commitment of mentors and partners to work in the trenches with founders on their business models and accelerate their commercialization continues to be a differentiator for SixThirty. For more information please visit www.sixthirty.co.
FleishmanHillard for WWT
Sara Steindorf, 314-982-1725