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Latest News Hot off the Press

September 18, 2019

FinTech Consortium Announces the Launch of Silicon FinTech Bay Accelerator Program

Redwood City, Calif., Sept. 18, 2019 - FinTech Consortium USA (FTC) today announced the launch of the first Silicon FinTech Bay (SFB) Accelerator Program, focused on early stage startups developing innovative solutions for the fintech sector. The program is open to startup applicants from across the United States and will take place at Silicon FinTech Bay for three months.

September 05, 2019

Detroit FinTech Bay Announces Detroit Blockchain Center to join location at TechTown; Detroit FinTech Bay Board of Advisors Appointed

Detroit, September 5, 2019 - Detroit FinTech Bay announced today that it will welcome Detroit Blockchain Center as a resident within its space in TechTown Detroit. Additionally, Detroit FinTech Bay's first board of advisors is announced. Entrepreneurs and leaders from financial institutions, corporation, community groups and academia make up the group's membership.

August 27, 2019

Flagstar and Detroit FinTech Bay Announce Startups for Mortgage Tech Accelerator Program

Flagstar Bank and Detroit FinTech Bay have announced the first startups to participate in the Flagstar Mortgage Tech Accelerator Program. The three companies are Brace, which focuses on servicing non-performing loans;, which develops A1-based chatbots for the banking sector; and Home Captain, a real estate SAAS technology company that acts as a conversion optimization system.

Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States, said: “We’re thrilled to be working alongside Flagstar and these three exciting, high-quality fintech startups. We’ve curated an acceleration roadmap for each of them, and look forward to facilitating and supporting their growth during this important phase. Their participation in the Flagstar Mortgage Tech Accelerator is an opportunity to uniquely contribute to the inevitable end-to-end digitization of the mortgage process.”

August 13, 2019

Detroit FinTech Bay to open in TechTown Detroit and launch Flagstar Mortgage Tech Accelerator first cohort

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.”

July 31, 2019

Silicon FinTech Bay July 2019 e-Newsletter

Welcome to the 2nd edition of Silicon FinTech Bay's Monthly e-Newsletter.

Two months have gone by in a flash, and it's heartening to be a part of the Bay's momentum, along with that of the overall FinTech ecosystem. The SFB team has planned for some exciting forthcoming initiatives.

Our Open House event on July 26th was certainly an enjoyable event. Thank you to all, who came to Redwood City on a Thursday evening, to join us! We hope you had a good time networking, and getting acquainted with the FinTech community here in the heart of Silicon Valley.

Click here to read more. 

July 31, 2019

Silicon FinTech Bay's Company Video

We are pleased to release our company video.

Located in the heart of downtown Redwood City, our Bay hosts startups, corporate innovation employees and is also a great space for events. 

Reach out to us at for partnership opportunities!

July 22, 2019

Silicon FinTech Bay Open House

Come Join our SFB Accelerator for a Happy Hour Overlooking Redwood City's Movie on the Square!

Bring a Friend or Partner for Food, Wine, and Festivities at Redwood City's Movie on the Square! Pop-by our State-of-the-Art, FinTech-dedicated, Co-working Bay for a Summer Night's Nibble / Quaff! Learn more about Silicon FinTech Bay at our website!

June 02, 2019

Silicon FinTech Bay June 2019 Monthly Newsletter

Welcome to our monthly Silicon FinTech Bay e-newsletter.

June has been an exciting month for us, as we kicked-off our Venture Acceleration Program. We have partnered with five world-class financial institutions and technology companies, with more to be announced soon.

Our state-of-the-art Bay is now open and operating with aplomb. Please schedule a tour, if you’re so inclined! SFB is just a short walk from/to the Redwood City Caltrain, in the heart of it all. We overlook the pedestrian promenade at the corner of Broadway & Middlefield.

June 26, 2019

Flagstar Bank and Detroit Fintech Bay Launch Flagstar Mortgage Tech Accelerator Program

DETROIT, Mich., June 27, 2019—Flagstar Bank and Detroit Fintech Bay today announced the launch of the Flagstar Mortgage Tech Accelerator Program, which focuses on early stage startups active in developing innovative technology solutions for the mortgage industry. This is the first and only accelerator program in the United States exclusively focused on mortgage technology.

June 24, 2019

Redwood City home to new startup consortium

After working with Franklin Templeton for over 20 years Rick Frisbie found himself drawn to the classic Silicon Valley startup environment. So, he helped launch RobustWealth, which aimed to help wealth managers with their clients, and sold it a year and a half later. 

He was hooked. But more importantly, he hooked others. 

He caught the attention of Maissan Almaskati, the chair of FinTech Consortium Middle East, who noted Frisbie’s ability to select promising FinTech startups. Right after selling RobustWealth to Principal Investments Inc., Almaskati began working with Frisbie to launch Silicon FinTech Bay, a financial technology consortium, in downtown Redwood City.

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