Singapore payments firms are first Asian startups to get Wells Fargo funding

The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking

Wells Fargo has selected two early stage payment companies – Alpha Payments Cloud and Jewel Paymentech – to participate in the spring 2016 class of the Wells Fargo Startup Accelerator program , the companies said in a statement.

Wells Fargo will be investing up to $500,000 in the companies through the non-exclusive, six-month, semi-annual programs which help startups refine their potential breakthrough technologies for financial services and other applications.

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