Financial services technology firm FIS has launched a network of early-stage fintech companies with direct applicability to the financial services ecosystem.

The FIS HiPo Network is open for firms that have shown substantial promise in the development of new tools and technologies for financial industry.

FIS president and CEO Gary Norcross said: “FIS has a responsibility to help our clients stay competitive today, while remaining cognizant of the rapid changes taking place in the financial services industry. The FIS HiPo Network expands the innovation strategy for our firm and has been developed to bring the realization of new innovations to market in an efficient and practical manner.”

The initial group of HiPo Network firms includes Akouba, Bleu, Flutterwave, Fundseeder Hexanika, and LumoXchange.

Akouba is an online platform that enables processing of small business loans for regional and community banks, while Bleu is a provider of Bluetooth-enabled wireless solutions to bridge the gap between the physical and the digital world.

Flutterwave is an infrastructure provider that enables merchants, payment service providers and Pan-African banks to accept and process payments on any channel and Fundseeder is a data and performance analytics, risk management, trading verification and investor connectivity platform for both regulated and unregulated traders.

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Hexanika is an end-to-end data management and reporting solution harnessing big-data for tackling compliance and regulatory requirements for banks, while LumoXchange is creator of a localized currency exchange marketplace for global peer-to-peer payments.

The six HiPo Network companies will be participating in FIS’ annual client conference FIS Connect April 10-13, 2017 in Orlando, Florida.