Detroit FinTech Bay Announces Kyyba Innovations in Farmington Hills as First Partner


Detroit FinTech Bay has announced its first ecosystem partner is Farmington Hills' Kyyba Innovations.

Photo courtesy of Detroit FinTech Bay

Detroit FinTech Bay, which plans to open its North American hub and incubator later this year in the former First Independence Bank building at 44 Michigan Avenue in downtown Detroit, today announced its first ecosystem partner is Kyyba Innovations in Farmington Hills.

In July, FinTech Consortium, a global network of financial and technology organizations,  announced plans to open Detroit FinTech Bay. The FinTech Consortium is expanding its FinTech hub model after establishing centers in Bahrain and Singapore.

Kyyba Innovations is a technology innovation platform that provides entrepreneurs the environment to enable and accelerate their ventures from concept stage to reality. It also hosts the annual Detroit FinTech Challenge.

“Detroit FinTech Bay and Kyyba Innovations have entered into this partnership to support and nurture the already-budding FinTech ecosystem in Detroit,” says Maissan Almaskati, managing partner of FinTech Consortium.

“We are pleased to welcome Kyyba Innovations as the first partner of Detroit Fintech Bay and we look forward to jointly collaborating with them on strengthening the ecosystem and working together on numerous acceleration, education, and promotional initiatives designed to serve and strengthen the further rise of FinTech in Detroit.”

Partners of Detroit FinTech Bay are leading banks, insurers, lenders, payment processors, technology firms, startups, accelerators, and research institutions. In the Detroit FinTech Bay community, partners and residents will have access to a common global platform with other participants operating in multiple hub locations.

Founding partners from FinTech include Microsoft, American Express, Cisco, Xero, Amazon Web Services, and others.

“Coming out of the recent successful launch of Detroit Fintech Challenge, I find that Detroit FinTech Bay is the next logical step, and we had to be a part of it,” says Tel K. Ganesan, managing director of Kyyba Innovations and president of TiE Detroit. “I’m also excited to be part of the journey in adding FinTech as a feather to the cap of the Motor City, while contributing to the city’s rebuilding and continuous growth.”

Businesses and financial institutions interested in becoming founding or corporate partners in Detroit FinTech Bay, or in incubating new innovations, as well as startups interested in becoming residents of the coworking space can now submit an application by visiting

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Bedrock Breaks Ground on Detroit’s Monroe Blocks Mixed-use Project

Detroit’s Bedrock today broke ground on its 1.4-million-square-foot Monroe Blocks project, which will be located at the corner of Monroe Street and Campus Martius in downtown Detroit.

Livonia’s Pet Supplies Plus Acquired by Sentinel Capital Partners

Livonia’s Pet Supplies Plus, the third-largest pet store chain in the U.S., has been sold to Sentinel Capital Partners, a New York-based private equity firm. Terms of the transaction were not disclosed.

Dearborn Heights’ English Gardens Acquires Plymouth Township Nursery

Dearborn Heights-based English Gardens today acquired Plymouth Nursery in Plymouth Township. The transaction marks English Gardens’ sixth location in metro Detroit.

Enterprise Holdings to Add 100,000 Connected GM Cars to Rental Fleet in 2019

Enterprise Holdings plans to increase its fleet of connected General Motors rental vehicles by 100,000 during the next 12 months.

Troy’s Allegra Marketing Print Mail Acquires Midwest Banner

Troy’s Allegra Marketing Print Mail Wednesday announced it has acquired Midwest Banner, a signs and graphics company also located in Troy. As part of the deal, Midwest Banner now is operating as Image360.
Edit ModuleShow Tags

Most Popular

  1. Nino Salvaggio to Open Bloomfield Township Location on Dec. 28
    Nino Salvaggio International Marketplace is opening a new location on Friday, Dec. 28 in...
  2. Detroit Neighborhoods Receive $35M in Commitments for Improvements
    Detroit neighborhoods will get $35 million in commitments from seven companies, Mayor Mike Duggan...
  3. Dearborn’s Ford Motor Co. Begins First Phase of Construction at Michigan Central Station
    Ford Motor Co. in Dearborn Tuesday announced it began renovation of Michigan Central Station, the...
  4. Denso in Southfield Invests Nearly $100 Million in Startups to Advance Mobility
    Denso, which operates its North American headquarters in Southfield, says it has invested nearly...
  5. German Developer Acquires Detroit’s Historic Seward Plaza Apartments
    Optima Aegidius Group, a German-based investor and developer, has purchased the historic Seward...
  6. Auburn Hills’ FCA Announces Leadership Changes
    Auburn Hills-based Fiat Chrysler Automobiles today announced three leadership changes: Mark...