Jim McKelvey, Square’s co-founder, discusses his newest venture, SixThirty, an accelerator program that helps financial tech companies launch, with CNBC.

SixThirty will make its investments in startups for equity. Unlike other accelerators, SixThirty says it “will negotiate for equity.” Most accelerators take anywhere from 5% to 10% of equity, and SixThirty plans to stay “fairly consistent” with that range.