The Punch

ARM Holding to provide support for startups

- Nike Popoola

ASSET & Resource Management Holding Company Limited has said it is committed to providing support for startups to grow and solve issues in the financial system.

A statement on Wednesday said that during its recent programme, tagged ‘Lab by Asset & Resource Management Holding Company Limited’, startups that participat­ed showcased their progress and pitch to secure investment and partnershi­ps.

It said the Labs by ARM was a 12-week accelerato­r programme by ARM in partnershi­p with Ventures Platform designed to fund and support compelling fintech startups solving critical problems in the financial services industry.

The programme aimed to find and support startups unlocking industry verticals and new markets, thereby changing how users accessed and consumed financial services.

It said investors, corporates, tech leaders, and senior executives of the ARM Group attended the demo day, adding that it had the objective of helping five early and growthstag­e startups commercial­ise and distribute their innovation­s.

ARM said the teams participat­ed in deep-dive sessions and were supported to create unique strategies for solving peculiar challenges.

It added that the programme mentors and advisors, who were thought leaders in their various fields, provided support in business growth, product-market fit, distributi­on and software engineerin­g.

The sessions, it added, helped the startups to navigate specific challenges and, become better positioned for growth.

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