Startupbootcamp accelerator unveils the future international stars of FinTech

London - 21 July 2014

  • Announces the 10 startups selected to join its program
  • Backed by Lloyds Banking Group, MasterCard, Rabobank and SBT Venture Capital

Startupbootcamp FinTech, Europe's leading FinTech accelerator, has today announced the 10 international startups selected to join its program. The finalists, which include teams from Europe, Africa and America, were chosen on Saturday by a panel of industry leaders, including representatives from Lloyds Banking Group, MasterCard, Rabobank and SBT Venture Capital.

With a combined six million Euros in investment already raised between them, 70% of the selected startups are already revenue generating.

From August, the successful startups will benefit from extensive mentorship from 100+ entrepreneurs, investors, and corporate partners, helping guide them through each of the ‘shape’, ‘build’, and ‘sell’ stages of their development.

As well as access to mentorship, each team will receive €15,000 and over three months’ free office space at Rainmaking Loft, a 10,000ft2 startup hub in London’s iconic St. Katharine Docks.

Partnerships with MasterCard, Lloyds Banking Group, Rabobank and SBT Venture Capital will also provide the Startupbootcamp FinTech finalists with access to pilot customers, industry data, APIs and capital.

After three months of acceleration the 10 teams will be invited to present their companies to 200+ investors, mentors, and partners during Demo Day. Pitch preparation includes hands-on guidance from investors, and leads into three months of fundraising support.

Nektarios Liolios, Managing Director at Startupbootcamp FinTech and former Innovation Leader at Innotribe, SWIFT, commented: “Over the last five months we’ve scoured the planet for the most interesting, innovative and promising FinTech startups. We’ve met over 436 startups, visited financial hubs across four continents and held 18 different events. We’re confident that the 10 teams selected represent the very best that the financial services and technology industries have to offer.”

Nektarios continued: “We published a study in June which said the next wave of financial technology startups should focus on extending financial services to low-income and disadvantaged customers. It’s interesting to see that a number of the startups selected today are doing just that”

Alessandro Hatami, Director of Digital Payments and Innovation at Lloyds Banking Group, said: “We’ve met an impressive group of exciting early-stage firms that are not only passionate about changing the world of financial services for the better, but have a genuine focus on delivering real value to customers. We look forward to working with the 10 selected firms soon.”

Harrie Vollaard, Innovation Director at Rabobank, said: “I’m was very impressed by the quality of the startups and the eagerness of the entrepreneurs. That created the perfect ambiance right from the start. Great to see such a wide of variety of solutions, from social saving, alternative credit scoring, to a new efficient settlement payment layer. I consider these startups as the pilot boats for the financial industry; solving real problems or creating new opportunities for customers. That’s why I am really looking forward to working with them and finding ways to collaborate with them in the best interest of our customers.”

Matteo Rizzi, General Partner at SBT Venture Capital, said: “As a fintech investor, Startupbootcamp is the perfect platform for an early stage deal flow. The vetting, the associated network and the level of professionalism make it much more than a great marketing operation. It's a solid investment and a great opportunity for growth and return.”

The finalists:

The 10 teams joining the 2014 Startupbootcamp FinTech program are:

Creditable

South Africa

Creditable enables credit unions, lenders, businesses and individuals to give loans to their customers, employees, suppliers and family professionally in just five minutes. It aims to make credit more affordable, accessible, transparent and inclusive, and to re-imagine and re-engineer societal behaviour around credit. The team is led by Sechaba Ngwenya, a former banker turned developer and advocate for fair credit.

Epiphyte

United States

Epiphyte is deploying enterprise software that allows the pre-installed systems of financial institutions to "talk" to crypto-financial networks, while operating within existing regulatory frameworks. Epiphyte provides banks and financial institutions with the expertise and tools to increase margins and provide new services, by taking advantage of of cryptocurrency and blockchain innovation.

FriendlyScore

Poland

FriendlyScore creates credit scorecards based on big data from Facebook. Using the Facebook API, it aims to become the ‘Klout’ for creditworthiness. The team is made up of Maciej Dolinski and Krzysztof Sornat, who previously ran payday loan company Kasomat.pl. and Emilian Siemsia, a JAVA/PHP developer.

Insly

Estonia

Insly is a beautifully designed cloud-based tool for insurance salespeople, enabling them to manage sales from start to finish. There is no upfront investment and the web-based service needs no installation. Insly is already used by more than 60 insurance market leaders across six different countries, handling millions of transactions.

InvoiceSharing

The Netherlands

InvoiceSharing is a financial services marketplace which enables 100% free electronic invoicing. It delivers higher revenues, lower costs and better cash flow for its customers by combining user-friendly, innovative and smart financial services into one place where everybody can participate and benefit.

Liquity

United Kingdom

Liquity is an online marketplace matching buyers and sellers of private company shares. It provides private company directors with a comprehensive suite of shareholder and equity management services and matches investors with private company shareholders who want to sell some or all of their equity. It facilitates complete deals, from introduction to transaction completion including escrow and custodial services.

M-Changa

Kenya

M-Changa’s proprietary technology enables anyone to quickly and inexpensively manage a remote fundraiser. Registration of a fundraiser via mobile phone or online takes only a few seconds. Immediately, users receive a personalised M-Changa account number and can start accepting mobile money and credit card donations to their fundraiser.

milliPay Systems

Switzerland

milliPay is a Swiss micropayment startup, that makes online payments as simple as browsing. It allows users to pay with a single click, across the web and on any device, whatever the amount. milliPay's innovative cryptographic protocol helps processing payment transactions extremely secure and efficient.

Tab.

United States of America

Founded in 2012, Tab integrates with existing bank systems to enable real-time social payment networking. Friends can connect payment cards together to share purchases on a single card. Tab stores payment card tokens on file, splitting the total when any merchant charges a tab-enabled card, and charging everyone their respective portions dynamically, automatically, and instantly.

Up Investments

United Kingdom

Up Investments enables people to find, manage and grow all of their P2P and equity crowdfunded investments, all through one free and simple platform. It’s the world's first crowdfunding supermarket where shoppers can browse, buy and manage investments from all the leading crowdfunding brands.

The package:

Each team will receive:

  • Extensive mentorship from 100+ entrepreneurs, investors, and partners
  • Access to top markets in London, US and APAC
  • 3+ months free office space
  • € 15K in cash per team
  • €450K+ in partner services
  • Exposure to 200+ Angels & VCs
  • Invitation to SBC global alumni network

Founded in 2010, Startupbootcamp is Europe's leading startup accelerator with a mentor and alumni network from 30+ countries across the globe. The program offers startups access to world class industry expertise during an intensive three month program. At the end of the program, startups pitch at Demo Day to more than 150 investors. Programs are currently active in Amsterdam, Berlin, Copenhagen, Dublin, Eindhoven, Tel Aviv and Haifa (Israel) and Istanbul, with other cities and vertical programs to be announced soon.