Startupbootcamp Reveals 12 FinTech Startups for Singapore Programmeby Fintechnews Singapore March 6, 2017
Startupbootcamp FinTech, a leading accelerator focused on financial innovation, has announced the 12 international startups selected to join its Singapore programme. The finalists, which include teams from across Asia-Pacific and beyond, have been chosen by a panel of industry experts and representatives from program partners including leading banks and VCs.
The top 12 teams reflect trending sectors in FinTech, such as Wealth Management, Payments and InsurTech, which are all relevant areas for consumers and businesses throughout the region. The 12 successful companies will join over 400 startups that have been accelerated by Startupbootcamp programs globally.
The Top Twelve teams for Startupbootcamp 2017 are:
- Jumper.ai (India) The fastest way to buy, sell and collect payments everywhere within one unified AI interface.
- Scalend Technologies (India) Securely integrate data from different sources, take decisions, get insights, and focus on actively acquiring and engaging with customers in real time.
- Fugle (Taiwan) The best digital brokerage firm for self-directed investors.
- MostShorted com (United Kingdom) Collecting, aggregating & providing data on hedge fund and activist shorts to improve decision making.
- Smart Trade (Japan) Smart Trade is a trading platform that offers a web & mobile interface to develop, use and share AI algorithms.
- Tixguru (Taiwan) Brings the best trading experience to you by offering a quant platform & AI Robot advisor.
- Welltrado (Lithuania) P2P lending metasearch engine, an innovative alternative investment marketplace.
- Morakot Technology (Cambodia) Simple and reliable core-banking system for microfinance institutions and banks.
- Small Ticket (South Korea) Remodeling the distribution channel in providing insurance products via its own P2P insurance service platform, based on connected groups and controlled risks.
- CherryPay (Taiwan) Faster, cheaper and more convenient international P2P money transfer matching platform.
- AIM (South Korea) Automated Investment Service, a mobile-first robo advisor that helps retail users manage their wealth.
- SmartFolios (Singapore) Online advisory and investment platform empowering investors to meet their investment goals.
The 2017 cohort includes teams from 8 different countries, and demonstrates the accelerator’s commitment to developing FinTech ecosystems across the Asia Pacific region. For the first time, cohort composition hosts more Taiwanese teams than any other, all of which we met during our Rainmaking week with FinTech Base in December.
Beginning on the 10th of April, the twelve selected startups will benefit from extensive mentorship from 400+ entrepreneurs, investors and corporate partners, helping to guide each company through the ‘Shape’, ‘Build’ and ‘Sell’ stages of development and scaling across Southeast Asia. A series of masterclasses are offered on topics ranging from lean to legal, and accelerated companies enjoy focused partner days built around leadership strategy, sales and positioning for investment.
In addition to mentorship, each team will receive S$25,000 and six months of free office space at the world’s largest FinTech hub, Lattice80. Additionally, partnerships with MasterCard, CIMB, RHB, DBS, Intesa Sanpaolo, PwC, PixVine Capital, Jungle Ventures, Accreditation@IDA, ThinkZone and SGInnovate will provide the finalists with access to potential pilot customers, industry data, connectivity and capital. Startupbootcamp FinTech Singapore is also supported by the Monetary Authority of Singapore (MAS) who will provide feedback to the startups on regulatory matters.
Neal Cross, Chief Innovation Officer at DBS Bank said:
“Startupbootcamp FinTech has been doing amazing work in nurturing the FinTech startup community here in Singapore. As a company that is constantly exploring and testing new ways the banking industry can be disrupted, we’re proud to be collaborating with them to uncover emerging innovations and technology. It’s important that even large organisations such as DBS, continue to engage with rising talent so we can work together towards creating better services for the financial industry.”
Samuel Hall, Program Director at Startupbootcamp FinTech commented:
“The diversity and quality of applications to our 2017 program blew us away. This year we received more applications than ever before, and the fact that so many came from outside of Singapore demonstrates both the strength and significant reach of the Startupbootcamp accelerator. Encouragingly, there were some very strong FinTech applications from emerging cities that may not typically be considered FinTech powerhouses in the region. The pull of Singapore as the go-to FinTech hub in Asia shows how well the ecosystem here is positioned to support innovation in the financial services sector, and the continued interest in developing FinTech businesses here is testament to the work that MAS is doing to support the ecosystem. We look forward to welcoming 12 really exciting companies to Singapore in April, and continuing to lead the way on accelerating early stage FinTech companies here in Asia.”
The three months of acceleration will culminate in a Demo Day, slated for 5 July, where the 12 teams will be invited to present their companies to 500+ investors, mentors and partners.