Synpulse, a management consultancy to global financial service providers, has announced that it will invest the equivalent of 1% of its annual revenue into the fintech startup accelerator F10.

This is a part of F10’s funding round that was announced in late April which was led by Five T Fintech.

The funds are intended to allow F10 to grow both into new geographies, as well as in its current hubs in Europe and Asia.

This partnership provides the two companies the opportunity to identify the most promising startups and support their rapid growth.

Additionally, it provides Synpulse the chance to pinpoint the new services that could become relevant to its customers.

Raphael Bianchi, CEO of Synpulse Switzerland has joined the F10 Board to directly contribute to the strategic direction and innovation of the growing fintech ecosystem.

Raphael Bianchi, Senior Partner and CEO of Synpulse, Switzerland said,

“F10 provides vital support in discovering and growing the new innovative services and talented teams that our industry needs. Fintechs have brought a revolution to what has always been a very traditional industry.

 

By working together, we hope to make global connections between the most innovative solutions that are being created and the more established players whose adoption will make them part of the mainstream.”

Andreas Iten, CEO and Co-Founder of F10 said,

“We are incredibly excited about Synpulse’s investment into F10 and about the synergies that this creates.

 

F10 startups will also benefit greatly from Synpulse’s global network. We are looking forward to jointly pushing innovation in the financial industry further.”