14 March 2016 – Startupbootcamp FinTech, a financial technology (fintech) accelerator, has selected 10 international startups to join its Singapore programme. The 2016 cohort includes teams from across Asia Pacific and were chosen by a panel of industry experts, including representatives from Startupbootcamp FinTech’s partners.
The 10 teams – hailing from from India, Australia, Cambodia, South Korea, Malaysia, Singapore, Taiwan and Thailand – reflect important trends in fintech, among them insurance technology, data analytics and financial solutions for small and medium enterprises (SMEs), which are all relevant areas for consumers and businesses in Southeast Asia, the accelerator said in a statement.
- BanhJi, an industry-specific accounting platform built for SMEs and NGOs with collaborative financial management features.
- Boundlss, which uses biosensor data in aiding health & life insurers attract & retain healthy member.
- Cefy, a credit scoring system.
- Coinluck, is social credit card issuer.
- Connaizen, a bank-driven micro targeting solution for retailers.
- Currenseek, a location-based and community-driven currency exchange rate comparison app.
- PolicyPal, a digital insurance manager.
- Kochi, a machine learning-powered platform aid individuals investment management
- SETScope, a platform that evaluates stocks using multiple metrics
- Supertext, a mobile commerce chat interface
According to Startupbootcamp Fintech, when the programme starts from 18 April 2016, the successful startups will benefit from extensive mentorship from more than 400+ entrepreneurs, investors and corporate partners, guiding them through the various stages of venture development and scaling across Southeast Asia. After three months of acceleration, the 10 teams will be invited to present their companies to more than 500 investors, mentors and partners during Demo Day.
Following the Demo Day, startups will also have access to the Alumni Growth Program, a global network of 2,000+ mentors, 2,000+ investors, 125+ startups, and exposure to startup hubs in London, Singapore, and New York.
Commenting on the latest cohort, Neal Cross, chief innovation officer of DBS Bank said, “As part of our S$10 million investment into the development of the Singapore finTech startup ecosystem, we are proud to be working with Startupbootcamp FinTech again to scout and accelerate 10 promising FinTech start-ups from around the region.”
Cross added, “The exchange between our employees and these start-ups is a strategic move towards engaging with emerging innovations and discovering potential areas for disruption.”
The teams will receive access to mentorship, S$25,000 and four months free office space at Singapore’s startup hub BASH at Block 79. They will also be able to tap on the strategic partnerships Startupbootcamp has forge with MasterCard, CIMB, RHB, DBS, Intesa SanPaolo, Thomson Reuters, PwC, PixVine Capital, Jungle Ventures, Accreditation@IDA and Infocomm Investments (IIPL).