Global Data Consortium, Guidefi, OfColor, Walnut and Zeta are the first startups to be chosen for FinRise, which targets underrepresented founders in tech.

US-based banking software provider Plaid has selected five startups for its FinRise accelerator.

FinRise is an equity-free and capital-free initiative which targets underrepresented founders in technology, and which was established in January this year.

The startups include Global Data Consortium, a developer of enterprise digital identity verification technology, and Guidefi, which has formed an online marketplace where communities of colour can access financial advisers.

OfColor, the creator of an enterprise wellness platform for employees of colour, fills out the cohort along…

James Mawson

James Mawson is founder and chief executive of Global Venturing.