Western Union and Techstars partner on accelerator

DENVER — Techstars and The Western Union Company (NYSE: WU) are partnering on a new financial tech accelerator.

Over the next three years, Western Union will work with Techstars to provide mentorship and seed-stage funding for startups out of Western Union’s new Denver headquarters. There will be 10 startups per class each year, interacting with and getting mentoring from Western Union executives.

“Through the accelerator program, we will mentor startups to test their ideas, focus their concepts, and help them bring-to-market innovative customer solutions to the ever-changing financial industry,” Hikmet Ersek, President & CEO at Western Union, said in a prepared statement.…