The winning FinTech startup teams
10 international startups have been selected to join the inaugural Singapore programme of Startupbootcamp FinTech, the leading accelerator focused on financial innovation announced today.
The finalists, which include teams from across Asia-Pacific and Europe have been chosen by a panel of industry experts, including representatives from Startupbootcamp partners DBS, MasterCard and Infocomm Investments.
The 10 teams reflect important trends in FinTech, including Blockchain Technologies, Financial Inclusion and Wealth Management, which are all relevant areas for consumers and businesses in South East Asia.
All teams have combined raised more than SG$2.5M and 30% of the chosen startups are already generating revenue, Startupbootcamp said in a statement.
Launched in 2014, Startupbootcamp FinTech is the leading FinTech accelerator and is based in London and Singapore.
What happens next?
From May, the successful startups will benefit from extensive mentorship from 100+ entrepreneurs, investors and corporate partners, helping to guide the companies with go-to-market strategies, product development and scaling across South East Asia. Masterclasses are offered on topics ranging from lean to legals, and focused partner days on media, investment and sales.
Besides mentorship, each team will receive SG$24,500 and four months free office space at the Startupbootcamp FinTech hub in Singapore', Block 79. Partnerships with DBS, MasterCard, Route 66 Ventures, SBT Venture Capital, MAS and Infocomm Investments will also provide the Startupbootcamp FinTech finalists with access to pilot customers, industry data, APIs and capital, the accelerator said.
After three months of acceleration, the 10 teams will be invited to present their companies to 200+ investors, mentors and partners during Demo Day.
"Since the beginning of the year, we have scoured the Asia Pacific and the globe for the most fascinating, innovative and promising FinTech startups," said Markus Gnirck, Global COO at Startupbootcamp FinTech. "With 300 applications it shows that FinTech in Asia is on the rise to tackle local problems with the potential for global scale. We have met close to 200 startups, visited 12 financial hubs across APAC and beyond, so we feel confident that the 10 teams selected showcase the very best that financial services and technology has to offer."
"During the Startupbootcamp FinTech selection days, I saw some promising FinTech teams from across Asia Pacific and Europe working on exciting innovations such as finding new ways to serve the under-banked community in various countries. Startupbootcamp FinTech has built a professional pool of entrepreneurs, investors and corporate partners in Singapore over the past few months to provide mentorship for the 10 selected start-up teams; this unique ability of our tech community coming together so fast to help grow the ecosystem is one reason we are confident Singapore is on its way to becoming a Smart Nation,” said Steve Leonard, Chairman of Infocomm Investments.
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