Iyinoluwa Aboyeji’s Flutterwave and five other fintech companies have been selected as the first members of the FIS HiPo (short for “high potential”) Network. The FIS HiPo Network is a collection of firms that have demonstrated substantial promise in the development of new tools and technologies that deliver purposeful innovation for our clients around the world.
The launch of this network was announced by FIS, a global leader in financial services technology recently and the network comprises of early-stage fintech companies with direct applicability to the financial services ecosystem served by FIS.
FIS headquartered in Jacksonville, Florida, is the world’s largest global provider dedicated to financial technology solutions. FIS, A fortune 500 company, serves more than 20,000 clients in over 130 countries, and its technology powers billions of transactions annually that move over $9 trillion around the globe.
Flutterwave is an infrastructure provider that enables merchants, payment service providers and Pan-African banks to accept and process payments on any channel. The other five companies are:
- Akouba – an online platform that enables improved processing of small business loans for regional and community banks
- Bleu – a provider of Bluetooth-enabled wireless solutions to bridge the gap between the physical and the digital world, including merchant POS and retail sales management tools
- Fundseeder – a data and performance analytics, risk management, trading verification and investor connectivity platform for both regulated and unregulated traders.
- Hexanika – an end-to-end data management and reporting solution harnessing big-data for tackling compliance and regulatory requirements for banks. The software brings cost savings up to 40% to the regulatory reporting process and improves accuracy and consistency in reporting.
- LumoXchange – creator of the world’s first localized currency exchange marketplace for global peer-to-peer payments
“FIS has a responsibility to help our clients stay competitive today, while remaining cognizant of the rapid changes taking place in the financial services industry. The FIS HiPo Network expands the innovation strategy for our firm and has been developed to bring the realization of new innovations to market in an efficient and practical manner,” said Gary Norcross, FIS president and CEO.
The FIS HiPo Network is open to fintech companies that have the opportunity and interest to meet burgeoning needs of the financial institutions that FIS serves and to develop the key integration points between technology platforms to facilitate efficient innovation. The six HiPo Network companies will be participating in FIS’ annual client conference FIS Connect April 10-13, 2017 in Orlando, Fla.
