Tenity Backs 13 Early-Stage Fintechs for Singapore Incubation Programmeby Fintech News Singapore August 30, 2023
Tenity, a fintech incubator and accelerator formerly known as F10, has selected 13 early-stage startups from seven different countries to participate in its sixth edition of the Incubation Programme in Singapore.
The startups, which represent a diverse range of business verticals, will receive an initial investment of S$70k from the Tenity Incubation Fund II.
The four-month programme will provide the startups with extensive support to refine and validate their business ideas and go-to-market strategies. They will also have access to Tenity’s alumni, mentors, and global investor network.
The program will culminate with a Demo Day event on 23 November 2023.
Applications are now open for Incubation Batch VII in Singapore, Batch XII in Switzerland, and Batch III in Nordics here.
Jonas Thürig, Head of Asia and Managing Partner at Tenity said,
“Investing in early-stage fintech startups offers us a unique window into the future of financial innovation, especially in Southeast Asia where the sector has garnered unparalleled attention. The continued and robust interest from VCs underscores fintech’s position as the region’s most invested vertical.
With our latest cohort, including startups in generative AI, we’re not just witnessing, but actively participating in this transformative journey, signifying a bright future for fintech in the region.”
Jun Ho Bae, Venture Lead at Tenity added,
“Our aim is to become the most credible and prestigious early-stage venture investor in the financial services sector, and we are extremely blessed and excited to join forces with 13 exceptional teams across the region.
Our startups are the secret recipe for the success of Tenity, and we look forward to supporting and journeying with each of them to lead the next wave of innovation across Asia Pacific.”
Here are the 14 startups of Singapore Incubation Batch VI:
Alpyne Labs | India
Alpine labs provides on-ramp/off-ramp services for emerging markets including India.
Ambrela.Money | India
Ambrela.Money is a wealth management marketplace with an aim to provide access to proper financial services for the growing middle-class families in India.
Bursement | Singapore
Bursement is a finance AI tool that helps growing tech startups to automate manual finance tasks while maximising cost efficiency and productivity.
ChainArgos | Singapore
ChainArgos is a blockchain data and analytics startup building searchable blockchain platform.
Fuelgrowth | India
Fuelgrowth is an AI-powered platform that helps direct-to-consumer (DTC) brands and founders build and grow their online businesses by providing e-commerce intelligence.
MedAdvance | Australia
MedAdvance is an alternative medical bill financing company that aims to lower the burden of upfront costs for patients while improving profitability of the clinics and doctors.
MetaCare | Philippines
MetaCare is a health and wellness marketplace, providing high quality benefits and protection plans for gig-workers or SME employees at an affordable price by aggregating negotiation power of these under-served individuals.
Mintpay | Sri Lanka
Mintpay is an alternative payment service provider that helps retail customers pay for goods on credit terms while also getting discounts and rewards.
Pints.ai | Singapore
Pints.ai is a verticalised AI company that specialises in the financial services sector, helping financial institutions maximise the power of its aggregated data.
Pin’J | Indonesia
Pin’J is a closed-loop working capital financing company for the underserved gig-workers, helping them to pay for mission-critical expense categories.
P33R Finance | Singapore
P33R Finance is a DeFi, self-custody, P2P platform helping users on/offramp faster, safer, and cheaper.
SupplyLine | Bangladesh
SupplyLine offers an integrated digital tool for small retailers to manage their daily operations and inventory while gaining access to working capital and invoice financing opportunities to improve their operations and cashflow.
Thatch | Singapore
Thatch provides real-estate agents and tenants a holistic tool to improve efficiency and convenience by digitalising and streamlining very step of the rental journey with documentation, capture and payments.