Startupbootcamp FinTech, the leading accelerator focused on financial innovation, has today announced the 10 international startups selected to join its inaugural Singapore programme.
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.
All teams have combined raised more than SG$2.5M and 30% of the chosen startups are already generating revenue. 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.
Details about each of the 10 selected teams can be found at the end of this press release.
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.
As well as access to 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.
After three months of acceleration, the 10 teams will be invited to present their companies to 200+ investors, mentors and partners during Demo Day.
Markus Gnirck, Global COO at Startupbootcamp FinTech commented: “Since the beginning of the year, we have scoured the Asia Pacific and the globe for the most fascinating, innovative and promising FinTech startups. 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.”
Raj Dhamodharan, Group Head, Emerging Payments - Asia Pacific at MasterCard said: “I have been very impressed by the overall quality of the ideas coming out of the Asia Pacific region and am really looking forward to working with these ten startups to see how they develop over the coming months. Staying at the forefront of developments in tech will be crucial for financial services over the coming decade. Startupbootcamp is a great way to ensure that innovation is tackling real concerns.”
Pascal Bouvier, General Partner, Route 66 Ventures: "We are delighted with the completion of the first selection days for SBC's Fintech program in Singapore. The field to choose from was surprisingly strong and the 10 startups we selected are outstanding. The result is a powerful cocktail that marries a bit of wealth management, a sprinkle of credit scoring and lending, a sliver of crypto, a dose of p2p payments, b2b and b2c business models, and go to market strategies that cover all of South East Asia as well as India. We very much look forward to helping these 10 startups throughout the program. Further, the SBC team proved once again their professionalism and our partners, ranging from Infocomm to DBS, Mastercard, PwC and SBT Ventures were amazing to work with."
The 10 teams selected to join the 2015 Startupbootcamp FinTech Singapore programme are:
Bankguard conducts research and development on how to resolve illegal remittances. Its first launching product, the “Super Matrix” is a next generation security system to prevent against illegal access and transaction authentication, man-in-the-middle-attacks. At only one fifth of the cost of conventional security systems, Bankguard’s ‘Super Matrix’ has already attracted significant attention in Japan.
Bw8 disrupts the Wealth Management Industry by making share trading easy. It is a Social Trading Network that connects non-professional investors with expert traders. Once simple analytical tools are used to identify an expert Top Trader, actions/trades are automatically copied.
Creditseva is an online consumer platform to analyse and manage credit reports and scores. Creditseva allows users to connect with banks online to obtain best-discounted offers to close bad loans and obtain new loan offers based on credit score. Creditseva also helps to improve collections for the banks and get quality leads based on credit data.
Cryptosigma is an online and iOS money transfer app that allows users to send money instantly, anywhere in the world, for less than 0.5% in fees; without using the current legacy banking network SWIFT. Through utilising an innovative decentralized global value transfer network, 'the Blockchain', Cryptosigma enables its users to turn their laptop or smartphone into a personal banking terminal.
DeBuNe is a secure online environment that lets small and medium businesses collaborate, market, offer and monetize their expertise or products. Using the NTX blockchain, a second generation crypto-platform, DeBuNe does away with limitations imposed by currencies and enables trusted transactions.
Dragon Wealth is the new steroid for wealth managers. It offers the world’s fastest way for wealth managers to increase sales and acquire more investors through an integration-free platform and mobile app. The technology manages investor communication and marketing, tailoring it to an investor’s portfolio and interests and cuts down new client acquisition to a single click.
Kashmi is an Asia-focused peer-to-peer mobile payment solution operating through a simple, free and unrestricted network with embedded social media functions. It helps to overcome the inability of young people to exchange cash or credit instantaneously and without restrictions.
KyePot empowers individuals in emerging markets to save, lend and borrow in trusted social groups. Reinventing ROSCA, KyePot’s mobile platform enables users to create their own social savings group and leverage the power of the group to borrow at a low cost compared to other asset classes. Mobile-centric, transparent and rewards based, KeyPot promotes a saving culture for consumption.
OTONOMOS lets you form, fund and govern the world's first Blockchain Chartered Company™ (BCC): a company whose shares are coded onto the blockchain and transferable with the same ease as making a Bitcoin payment. This peer-to-peer transfer makes it easy for you to let new investors in, or pay key collaborators in equity.
SkolaFund aims to be the biggest education financing platform in Asia. SkolaFund harnesses the combined powers of crowdfunding, scholarships, bursaries and education loans in making education affordable for students across Asia.
Startups are still able to apply for the Startupbootcamp FinTech London Accelerator Programme here: http://www.startupbootcamp.org/accelerator/fintech-london.html
Applications for Startupbootcamp FinTech London will remain open until 21 June 2015.