Eidson & Partners, Inc.
SparkLabKC Congratulates FormZapper on Acceptance to SixThirty, a St. Louis-based Financial Technology Accelerator
The 14-week program includes mentoring, networking and substantial seed funding.
Kansas City, Mo. – April 21, 2014 – SparkLabKC congratulates FormZapper, a company from the 2013 SparkLabKC class, on the firm’s acceptance into SixThirty’s second class.
FormZapper has developed and markets LendingStandardTM, a document management platform for commercial lenders and real-estate lawyers. The platform expedites the collection of loan documents and collaboration across the lending team and the legal team.
Kevin Fryer, Managing Director of SparkLabKC noted, “We believe that the connections, mentoring and seed funding from SixThirty represent a priceless opportunity for FormZapper’s founders to push their business ahead rapidly. St. Louis is a recognized center for the financial services industry. Importantly, Jim McKelvey, Managing Director of SixThirty knows the financial technology space very well having co-founded Square, a fast growing credit card payment system built for mobile devices.”
FormZapper founders, Andy Kallenbach and Jan Valencia, bring highly complementary experience to the company. Kallenbach has 20 years of form automation experience working with commercial insurance, including the industry’s top companies. Valencia brings more than 20 years of experience in commercial and residential lending working for Commerce Bank and CommunityAmerica Credit Union.
FormZapper CEO, Andy Kallenbach, said, “We are particularly pleased to have been accepted into SixThirty’s second class, which includes a significant round of seed funding. The SixThirty team fully understands our value proposition, the lending industry and the financial tech space. We could not have asked for a better situation to help grow our company.”
FormZapper did not disclose the full terms of the seed funding agreement.
About FormZapper: FormZapper provides business process solutions to commercial lending and leasing firms. Using pre-built processes and integrations with popular finance tools, FormZapper helps firms start and finish financial transactions faster and more securely enabling them to reach more customers with better service, regulatory compliance, and instant business intelligence.
About SixThirty: SixThirty provides fintech startups with $100K in funding, mentors, and connections to the top financial services companies in the country.
Backed by the St. Louis Regional Chamber and venture capital firm Cultivation Capital, SixThirty invests in eight financialbased technology startup companies each year, four for the fall and four in the spring. Those companies selected to take part in the 14week accelerator program receive hands-on training, mentoring, and networking opportunities with the top financial services companies in the country.
About SparkLabKC: SparkLabKC is an early-stage technology business accelerator based in Kansas City, Mo. SparkLabKC selects 10 promising startups each year for a 90-day intense, in-residence, mentor-driven program that provides up to $18,000 in seed capital, business advisory services, free workspace and a formal demonstration day with potential investors. This is a proven accelerator program adapted to the Kansas City region. The program builds on public-private partnerships and the strengths of the region’s vast entrepreneurial community.