18 February 2018
Visit www.avoka.com

Banco Sabadell picks tech startup programme winners

17 February 2014  |  5403 views  |  0 Banco Sabadell Web Logo

Mobile point-of-sale outfit SetPay is one of five firms to win a spot in Banco Sabadell's startup programme for technology companies.

Unveiled in November, the BStartup scheme is aimed at digital entrepreneurs focusing on areas such as financial services, e-commerce, mobile, social and security.

The 10 startups that earn a spot in the programme will each get EUR100,000, split between direct financial investment - for which Banco Sabadell secures a 10% stake - and a six month growth programme coordinated by technological entrepreneur Dídac Lee.

Among the five companies picked in the first round is Setpay, a Santiago firm that is trying to make its way in the competitive mPOS market dominated by the lies of Square, PayPal and iZettle. Last summer Sabadell partnered with Ingenico to launch its own effort.

Another successful applicant is Worldcoo, which provides a platform for financing cooperation projects that functions by integrating a EUR1 donation checkbox into online store payment gateways.

The other three startups are: Enigmedia, which has developed a security system for transmitting audio and video; Red Points, which protects intellectual property rights; and Trendipia, a platform for the sale and discovery of designer fashion.

Yolanda Pérez, manager, BStartup, says: "The difficulty involved in selecting these five companies was much greater than we initially envisaged. Both the volume of projects presented - 414 in total - and their very high quality made it very difficult to select the five that will finally receive the investment."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard and Silicon Valley Bank launch incubator programme for commerce startups

MasterCard and Silicon Valley Bank launch incubator programme for commerce startups

12 February 2014  |  9412 views  |  0 comments | 16 tweets | 9 linkedin
Startupbootcamp launches fintech accelerator programme

Startupbootcamp launches fintech accelerator programme

06 February 2014  |  10430 views  |  0 comments | 11 tweets | 10 linkedin
EC unveils accelerator to give tech start-ups helping hand

EC unveils accelerator to give tech start-ups helping hand

24 January 2014  |  5406 views  |  2 comments | 10 tweets | 6 linkedin
Banco Sabadell launches start-up programme

Banco Sabadell launches start-up programme

14 November 2013  |  4383 views  |  0 comments | 6 tweets | 4 linkedin
Sabadell prepares for Google Glass through 'Open Apps' platform

Sabadell prepares for Google Glass through 'Open Apps' platform

17 October 2013  |  10144 views  |  0 comments | 11 tweets | 10 linkedin
Applications open for FinTech Innovation Lab London

Applications open for FinTech Innovation Lab London

05 August 2013  |  5990 views  |  0 comments | 7 tweets
Banco Sabadell moves into mobile point-of-sale market

Banco Sabadell moves into mobile point-of-sale market

03 July 2013  |  7303 views  |  0 comments | 4 tweets | 3 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit http://info.nice.comVisit https://www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10877 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8479 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8267 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7923 views 3 | 9 tweets | 6 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job