Personal finance app among top applicants selected for Newchip’s online accelerator
Wych Money, an AI-powered financial personal assistant which takes the effort out of managing personal finances, was
accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools founders need
to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average
funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 35 countries raise over
$300 million in funding.
“Newchip evaluates a vast number of companies from across the globe, selecting a small percentage to join our
accelerator,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This strict selection process makes us
an ideal partner for investors looking for promising start-ups. Fintech companies like Wych can scale quickly with
proper funding and guidance. We are excited for Wych and believe they will do well at Newchip.”
Wych's AI powered assistant predicts upcoming expenses, finds savings, and helps achieve goals. Wych’s focus on
automation lets us take the stress out of achieving financial success.
“Being accepted into the Newchip Accelerator is exciting, we look forward to connecting with US based investors and
partners to build on the growing interest in AI and the open data economy” says Dermot Butterfield, CEO at Wych. “COVID
has impacted so many people’s lives and plans, we believe that we can make a measurable impact on our customers'
financial lives, helping them get back on track after this troubling time.”
###About Wych
Wych Money is a personal financial assistant empowering customers to take control of their finances through an
AI-powered app. Founded by Dermot Butterfield, an experienced technology innovator, Wych is on a mission to help turn
their customers money into wealth. To learn more visit https://www.wych.itAbout Newchip
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was
designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the
equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It
has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network
of global investors, strategic partners, and mentors guide companies from team building and prototype development to
securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit https://launch.newchip.com/.