Frequently Asked Questions
Q: Are there any eligibility requirements to participate in your program?
A: Digital finance startups wanting to participate in our program should have less than $10M in funding and less than $10M in revenue. Participating startups should also have a product or a service (enterprise-ready) with at least one representative engaging in the program. In addition to the eligibility requirements listed above, startups should be aligned with our Partner challenges provided at the start of each program cycle in September. Read our 2022 Partner challenges here.
Q: I'm interested in the partners, but what if I don't see a challenge that fits my business?
A: If you’re a startup solving issues in financial services (broadly defined), we encourage you to apply. We know that many of our partners are facing more challenges than they even realize, and that you, as innovators, are working to solve problems that they haven’t anticipated yet. You may work with multiple partners, too. This collaboration is the key to the future of financial services, and we want you involved.
Q: Do I need to be based in Boston?
A: No, we accept applications from startups around the world. Any additional travel should be determined by you and your MCFT partner.
Q: How do I apply to your program?
A: You can apply to our Finhtech program via our Accelerate platform. Click here to learn more on how to apply.
Q: Are there any in-person components for the accelerator program?
A: Due to COVID-19 pandemic, our program is fully virtual.
Q: What does a typical day look like during MCFT?
A: Most of your MCFT time will be spent working with your partner(s) while you continue to run your business. That being said, we’re a firm believer in continual growth-–so you’ll be introduced to experts from industries such as financial services, law, compliance and regulation, and technology.
Q: What is the required time commitment to participate in the program?
A: Participation in the program requires at least 1 representative from your team to be present for 3 touchpoint events (January, March, and June). On average, startups dedicate at least 4 hours per week to the program. This includes meetings with partners, partner deliverables, and curriculum events.