F10 Partners Seoul Fintech Lab, K Accelerator for South Korean Expansionby Fintech News Singapore May 31, 2021
Fintech startup incubator and accelerator F10 has partnered with Seoul Fintech Lab which is funded by the Seoul Metropolitan Government and K accelerator, a fintech support center based in Seoul, to expand its incubation programme to South Korea.
The programme is focused on helping early-growth stage South Korean fintech startups sharpen their business offerings in preparation for international markets and corporate customers.
F10 will select the 10 most promising startups to join the six week programme, starting on July 26th 2021.
The programme will run in a hybrid format, with four weeks of virtual classes and an intense two week in-person workshop in Seoul, ending with a Demo Day, where startups will pitch their business ideas in front of an international audience.
This partnership will help to enhance the global competitiveness of promising South Korean startups by leveraging on F10’s networking opportunities and fulfil Seoul Fintech Lab‘s and K Accelerator’s aim of promoting innovation in the Korean financial industry.
Through leveraging on F10’s extensive innovation ecosystem, F10 also seeks to support these startups in their funding journey and refinement of use cases.
Jonas Thuerig will be part of the dedicated team responsible for engaging and forging collaborative opportunities between the selected startups and the F10 network.
Jonas Thuerig, Country Success Lead for F10 Singapore shared,
“The South Korean fintech startup scene is growing rapidly and the large pool of talented entrepreneurs has big potential for transformative and disruptive solutions to gain ground in the financial industry globally.
We are excited to partner with K Accelerator and Seoul Fintech Lab”.
Young Soh, Head of Seoul Fintech Lab said,
“Singapore is the country with the highest demand for Seoul Fintech Lab startups’ to enter.
Through this collaborative programme with F10 Singapore will provide practical help for startups to successfully settle in Singapore and Southeast Asian markets”.
Featured image credit: Edited from Unsplash