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Elevator Lab: RBI selects eight participants

Source: Raiffeisen

The eight participants in the second round of Elevator Lab, the Fintech Partnership Program of Raiffeisen Bank International (RBI), have been selected.

The jury had the challenging task of selecting from the 407 applications those fintechs that will be working on the development of joint projects over the next four months.

After an intensive pre-selection, fintechs from the areas of Advanced Analytics (CityFALCON from the United Kingdom and SESAMm from France), Investing & TradingTech (FINABRO from Austria and limitless from the Netherlands), New Branch Experience (PayKey from Israel and Pisano from the United Kingdom), Open Banking (cambrist from Ireland) and RegTech (CopSonic from France) were able to convince in live pitches during the finals.

“Elevator Lab has quickly earned an excellent reputation in the fintech scene. The applications’ quality was even higher this year than in the first round. I look forward to working with the finalists on the projects,” says RBI CEO Johann Strobl.

Elevator Lab, which recently received the prestigious Central European Startup Award for the best Accelerator/Incubator Program in Austria, is now the largest Fintech Partnership Program in Central and Eastern Europe (CEE). In June 2018, RBI signed a cooperation agreement for an innovative KYC solution with the RegTech specialist kompany, one of the five participants of the first round of Elevator Lab. The “Elevator Ventures” corporate venture capital company, which was launched in the summer of 2018, will also allow future strategic direct investments in fintechs.

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