Barclays has announced the 10 FinTech startups to join its 2020 accelerator programme.

The seventh edition of the programme, powered by the Techstars network, features startups spanning sectors including data science, InsurTech, asset finance, enterprise software, small business finance, PropTech, the gig economy and consumer protection.

The Barclays Accelerator is an intensive 13-week programme for FinTech startups designed to help businesses accelerate their strategy and deliver breakthrough innovations.

Since launching the programme in 2014, it has completed 17 editions with and more than 170 alumni companies to date, making it one of the largest single-bank-powered portfolios globally; currently valued at over $1.1 billion.

The companies listed below will work closely with a team of Barclays executives over a three-month period, culminating in a showcase of their propositions at a Demo Day event at GuildHall in London.

Participating companies will also be eligible for Rise Growth Investments, investment capital solely focused on the companies accepted into the programme. The funds allow Barclays to invest up to £10 million per accelerator class.

The companies of the 2020 London class of the Barclays Accelerator are:

· Cachet: which provides a trustee data layer between gig economy platforms and financial service providers aggregating across platforms to enable businesses like insurance companies to sell better priced and personalised coverage.

· Docsumo: Which provides intelligent workflow automation for financial services companies to save back office costs by up to 70 per cent through document data capture, analytics and fraud detection.

· EquipmentConnect: Which is an asset finance marketplace hosting equipment vendors and funders that offer small businesses access to lease finance, resale and lifecycle management of assets.

· Inspektlabs: Which uses inspection-as-a-service software to automate photo or video-based inspection of any asset using artificial intelligence.

· Muse Corporation: Which is a cash flow management tool offering small business owners working capital analytics and access to invoice finance.

· Offr: Which uses secure and transparent bidding technology for the property industry providing a swift digital experience for property transactions on a smartphone.

· Oper Credits: Which is a software-as-a-service solution that helps lenders digitise mortgage processes from contact to contract.

· Pryml: Which uses software that allows data scientists to deploy machine learning models and pipelines onto data that cannot be disclosed externally due to regulations and privacy concerns.

· The Accountancy Cloud: Which is a challenger accountancy service offering cloud-based software to automate bookkeeping.

· Toucan: Which is a digital service for banks to protect their financially vulnerable customers by providing tools for carers that are in line with new emerging regulations.

Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders and corporations to grow their companies.

Kartik Varma, managing director at Techstars, said: "This year's class is diverse across geographies, sectors and end markets – and includes 40 per cent female founders.

“With our longstanding partner, Barclays, we are privileged to offer our 2020 class the power of two global networks, hands-on transformative mentorship and the resources they need to accelerate their businesses over the coming 13 weeks."

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