Innotribe announces the winners of Singapore Startup Challenge

Source: Swift

The Innotribe Startup Challenge attendees selected the five finalists from the Asian leg of the Startup Challenge to compete at Sibos Singapore in October.

The showcase was held at the Red Dot Design Museum on Thursday 28 May, in partnership with Next Bank Asia.

The three early-stage startup finalists are:

Trustingsocial are inventing consumer credit rating for emerging markets by applying Big Data and Deep Learning technologies to social, mobile and web data.
Jewel Paymentech is a Singaporean company providing an automated risk management platform for banks and payment facilitators to manage e-commerce merchant risk through predictive analytics.
Bitspark, is a leading crypto-financial services provider for the APAC region, pioneering the world's first blockchain powered end to end Remittance service in addition to a blockchain auditable feature rich trading exchange

The two growth-stage startups finalists are:

Codapay is an online payment gateway that allows merchants to accept payments from the 97% of adults in Southeast Asia that do not have a credit card by giving customers a range of alternative payment options.
goSwiff offers mobile payments for banks and mobile operators to help merchants in emerging markets get paid by accepting card payments, and to increase the quality and quantity of transactions.

Fabian Vandenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT says: "With a thriving ecosystem supporting innovation and startups, Singapore contributes to leading Asia in developing the fintech sector as a major engine of growth. It was a pleasure to welcome our semi-finalists in such an environment for the fourth consecutive year, and we now wish the finalists the best of luck for the Finale at Sibos later this year."

Eddie Haddad, Managing Director of Asia-Pacific at SWIFT adds: "With Sibos coming to Singapore this October, Innotribe will be taking the spotlight on the exhibition floor by creating a real fintech innovation hub. We endeavour to bring early insights into innovative ideas and technology advancements that will shape the future of the financial services industry."

Singapore was the third regional showcase to be held in 2015 and was sponsored by Level39 and Wells Fargo. The next and last regional showcase of this year's programme will be in New York on 18 June. The 20 finalists selected will then head to the Finale in Sibos Singapore in October for the selection of our 2015 winner.
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