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

The Corner Apartment and Retail Project at Old Tiger Stadium Site in Detroit to be Completed in February

The former Tiger Stadium site in Detroit received the city’s first modular home drop today as part of a mixed-used development at Michigan and Trumbull called The Corner. The $30-million project, which will feature 111 apartments and 26,000 square feet of commercial space, will be completed in February.

Ann Arbor’s U-M Receives $18M for Tobacco Research Center

The University of Michigan in Ann Arbor today announced its School of Public Health will house a new, multi-institutional center focusing on modeling and predicting the impact of tobacco regulation, funded through an $18-million federal grant from the National Institutes of Health (NIH) and the Food and Drug Administration (FDA).

Bloomfield Hills’ Center Rock Capital Partners Acquire American Piping Products

Center Rock Capital Partners LP in Bloomfield Hills today announced it has acquired American Piping Products, a Missouri-based global distributor of steel pipe, fittings, and valves. AAP marks Center Rock’s second platform investment out of its inaugural investment vehicle, Center Rock Capital Partners Fund I LP.

Jackson’s Consumers Energy Starts Operation of Large-scale Battery at Kalamazoo’s Western Michigan University

Consumers Energy in Jackson Monday announced it has installed a new large-scale battery on Kalamazoo-based Western Michigan University’s campus. The battery is expected to store enough energy to power 1,000 homes at any time.

Michigan Hispanic Collaborative in Detroit Launches Youth Education and Development Program

The Michigan Hispanic Collaborative (MIHC) in Detroit today launched its initial campaign, La Próxima Generación (The Next Generation), which seeks to close the academic and professional achievement gap experienced by young Latino students.
Edit ModuleShow Tags

Most Popular

  1. Wayne State’s Graduate Supply Chain Program Ranked Among Top 25 in the Country
    Wayne State University’s graduate global supply chain management program is among the...
  2. Condos in Detroit’s Historic Trumbull House Now Available
    Detroit’s Trumbull House, a home built in 1897 and located at 4304 Trumbull in the Woodbridge...
  3. Wayne State University in Detroit Opens $2M Athletic Performance Center
    Wayne State University in Detroit has announced the opening of its updated Athletic Performance...
  4. Troy’s Kresge Foundation Donates $50M to Transform Detroit’s Marygrove College Campus Into Learning Center for Early Childhood Education Through Graduate Studies
    The Kresge Foundation in Troy today announced the donation of $50 million to the P-20...
  5. Universal McCann Will Open Office in Downtown Detroit to Oversee Quicken Loans’ Media Planning and Buying
    Detroit-based Quicken Loans Inc. today announced a long-term agreement with Universal McCann (UM)...
  6. Michigan Unveils Professional-Trade Information Website
    The Talent and Economic Development Department of Michigan Tuesday unveiled, a...