10 Fintech Accelerators and Incubators in Singaporeby Fintech News Singapore October 1, 2015
“From payments to wealth management, from peer-to-peer lending to crowdfunding, a new generation of startups is taking aim at the heart of the industry,” has said the Economist, describing the ‘Fintech Revolution.’
And what better place than Singapore, the finance hub of Southeast Asia, to have that revolution emerge?
Singapore brings a wealth of expertise, funding opportunities and market access that is beneficial for every fast growing fintech startup. Plus, the city-state is certainly not short on quality startups accelerators and incubators.
Here’s a list of 10 Fintech Accelerators and Incubators that will help passionate fintech entrepreneurs take their projects and ventures to the next level.
(Let us know anytime if we forget any important Singapore based accelerator or incubator)
Startupbootcamp Fintech Singapore
Startupbootcamp Fintech is an accelerator focused on financial innovation, providing funding, mentorship, office space and access to a global network of investors and venture capitalists, for up to 10 selected startups per year.
The three-month program provides the selected startups with the opportunity of collaborating with over 200 mentors, partners and investors to build world-class products.
Led by The Co-Foundry (TCF) a leading accelerator in Singapore and Plug and Play (PnP), a global accelerator based in Silicon Valley, the TCF-PnP Program: Fintech Call seeks to bring together the best of the startup ecosystem and fintech industry.
The program is supported by global FX trading platform leader, OANDA Asia Pacific and Singapore VC/PE firm, BlueHill Asset Management.
Learn more: http://theco-foundry.com/fintechcall2015/
Russian investment firm LifeSREDA.VC moved its headquarters from Moscow to Singapore and launched a fintech accelerator programme called InspirAsia.
InspirAsia facilitates startups to become a part of global fintech ecosystem. They also help to better understand the prospects of the company and implement it more efficiently.
Find out more: http://lifesreda.com/accelerator/
Fatfish Internet Group is a Southeast Asian and Australian based Internet ventures investment and development firm and the very first of its kind to list on the Australian Securities Exchange.
Fatfish’s subsidiary Fatfish Medialab in Singapore operates an accelerator specializing in mobile, e-commerce and fintech areas.
Learn more: http://www.fatfish.co/
The Joyful Frog Digital Incubator
Not a fintech-centric accelerator but rather widely known; the Joyful Frog Digital Incubator offers programs for both startups and professionals. Its partners are grassroots organizations, governments and top corporations.
JFDI’s 100-day seed accelerator program provides selected startups with S$50,000 cash investment in return for 8.888% equity.
Learn more: http://www.jfdi.asia/
Led by The Hub Singapore, PACT Incubator is a multisectoral partnership with DBS Foundation and the National Youth Council (NYC), the national coordinating body for youth in Singapore.
PACT Incubator, which focuses on social enterprises, offers two programs: the Pre-Incubator for aspiring social entrepreneur, and the Incubator for social ventures.
Learn more: http://www.pactincubator.com/
FocusTech Ventures support founders that seek to solve real world problems and improve crucial workflows of and pervasive inefficiencies in major enterprise industries such as energy, finance, education, manufacturing and healthcare.
FocusTech seeks for unique solutions solving hard problems in sizable markets, with potential to grow and dominate product categories.
Learn more: http://www.focustechventures.com/
East Ventures is an early stage fund focusing on consumer web and mobile startups, based in Singapore, Jakarta and Tokyo.
Apart from financial assistance, it also nurtures the ecosystem through its Ventures Night events in Jakarta and Bandung and also through its 100-day accelerator program, East Ventures Alpha.
Learn more: http://east.vc/
Jungle is a Singapore-based venture firm that funds and helps startups scale across Asia Pacific. The firm invests in all early stages of startups and has investments in India, Singapore, Malaysia, Thailand and other hotbeds of entrepreneurial activity in Asia.
Learn more: http://www.jungle-ventures.com/
WaveMaker Labs is an approved technology incubator under the Singaporean government’s National Research Foundation (NRF).
Under the Technology Incubation Scheme (TIS), WaveMaker enjoys a 5.6x leverage on its investment capital with the NRF providing up to S$500,000 per startup on top of the S$89,000 that WaveMaker invests per company.
WaveMaker aims to catalyze the formation of value-creating technology businesses in Southeast Asia, India and China.
Learn more: http://wavemaker.vc/
Singapore FinTech Consortium
The Singapore FinTech Consortium is a cross-industry initiative, structured as a commercial venture. They act as a platform neutral organization and are designed to facilitate collaboration between all market participants and stakeholders in the FinTech eco-system.
Featured image credit: Singapore, Pixabay.