DETROIT, Mich., Aug. 14, 2019 – Detroit FinTech Bay announced today that it will open its doors in TechTown Detroit. The partnership comes a year after global firm FinTech Consortium first announced the presence of a Bay in Detroit. Additionally, Detroit FinTech Bay announced today that the first cohort of its Flagstar Mortgage Tech Accelerator will launch in the space in September 2019.
“We are pleased to be setting down physical roots in Detroit,” said Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States. “Detroit FinTech Bay and TechTown share a passion for ecosystem building and nurturing. Together, we will bring connectivity to global fintech, as well as incubation and acceleration services for financial institutions, corporations, and fintech startups, with a particular focus on Detroit’s strengths in automotive, mortgage and blockchain verticals of fintech.”