Plug and Play Fintech has selected blockchain wallet and identity startup Netki to be one of the twenty four startups to join the fourth batch of its accelerator program.

"Netki, and the founding team behind it, bring an exclusive history of expertise and success to their latest company in helping to expand blockchain infrastructure. We are very excited as both an investor and a partner in working with Netki through our current class and most certainly beyond”, said Plug and Play Fintech’s Scott Robinson.

Over 800 fintech startups applied for this program. Of these, Plug and Play Fintech selected a meager 3 percent.

The 12-week accelerator program will provide an opportunity to Netki and other selected companies to engage closely with key decision makers from Plug and Play’s strong network of partner companies and financial institutions, including Bank of the West, BanRegio, BNP Paribas, Capital One Growth Ventures, Credit Suisse, Deutsche Bank , Finstar Labs, Intuit, JCB, MUFG, Santander, Sumitomo Mitsui Banking Corporation, TD Bank, USAA, and others.

“We at Netki are thrilled to be selected as one of the startups in Plug and Play’s latest fintech startup batch”, Netki Cofounder and CEO Justin Newton said. “The combination of our new identity solutions, and Plug and Play’s incredible network of partners, will allow us to work together with clients to help them critically evaluate potential opportunities, and accelerate projects’ move from the proof-of-concept stage, to in-market services.”

Through the program, Plug and Play’s partners get the opportunity to collaborate with the world’s top fintech startups, and pioneer innovative new solutions that leverage the latest technologies to address common industry challenges and create new business opportunities.

Based in Los Angeles, Netki raised $3.5 million in seed funding round led by O'Reilly AlphaTech Ventures (OATV) in July. In 2015, the startup introduced a bitcoin wallet naming solution ‘Wallet Name Service’ that assigns human readable names to IP addresses, making it easy to write and remember. Companies like Purse, BitSo, Bitt and BlockCypher integrated Netki’s wallet naming service.