GapFundr Chosen for Newchip's Global Startup Incubator Program

PUYALLUP, Wash. - March 5, 2023 - PRLog -- GapFundr, a crowdfunding, financial services SaaS platform that enables students to raise money for college thereby reducing dependency on student loans and other forms of costly financial aid, has been accepted into Newchip's renowned global accelerator program.

"Newchip evaluates a vast and diverse number of very early-stage companies from around the globe, selecting only a small percentage to be part of our Incubator Program," says Brian Lee, Head of Product at Newchip. "This careful vetting process of both the business model and founder makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups that are beginning to generate traction and revenue. Financial services companies like GapFundr can scale quickly with proper funding and guidance. We are excited for GapFundr and believe they will be well positioned to take advantage of our fast-expanding global ecosystem at Newchip."

"Being accepted into the Newchip incubator gives GapFundr access to investors and business advisors placing us on the path to become an important tool that enables students to graduate with less financial debt. Thirty-eight percent of college dropouts report that they had to leave school because of financial pressure. GapFundr helps reduce the financial burden that is an obstacle to completing an education," says GapFundr CEO, Ponce Durr, "Contributors can be confident that the funds raised by student go only to the designated learning institution for expenses related to tuition, meal plans, textbooks, lab fees, and on campus housing."

About GapFundr
Launched in 2021, GapFundr aims to build the leading crowdfunding and community engagement platform that enables students to raise money for college tuition costs and fees thereby closing the gap between the cost of higher education and support from other forms of financial aid, the dependence on which results in student debt. www.gapfundr.org.

About Newchip
Newchip is an online, global startup accelerator led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has enabled over 2,500 startups from 50+ countries to raise over $2.2 billion in funding with an estimated $9B portfolio. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more, visit https://launch.newchip.com/.