- 10 startups chosen following exhaustive search across 12 APAC financial centre
- Programme backed by DBS, MasterCard, Route 66 Ventures, SBT Venture Capital, MAS and Infocomm Investments
ââStartupbootcamp FinTech, the leading accelerator focused on financial innovation, has today announced the 10 international startups selected to join its inaugural Singapore programme. The finalists, which include teams from across Asia-Pacific and Europe have been chosen by a panel of industry experts, including representatives from Startupbootcamp partners DBS, MasterCard and Infocomm Investments.
All teams have combined raised more than SG$2.5M and 30% of the chosen startups are already generating revenue. The 10 teams reflect important trends in FinTech, including Blockchain Technologies, Financial Inclusion and Wealth Management, which are all relevant areas for consumers and businesses in South East Asia.
From May, the successful startups will benefit from extensive mentorship from 100+ entrepreneurs, investors and corporate partners, helping to guide the companies with go-to-market strategies, product development and scaling across South East Asia. Masterclasses are offered on topics ranging from lean to legals, and focused partner days on media, investment and sales.
As well as access to mentorship, each team will receive SG$24,500 and four months free office space at the Startupbootcamp FinTech hub in Singapore’, Block 79. Partnerships with DBS, MasterCard, Route 66 Ventures, SBT Venture Capital, MAS and Infocomm Investments 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.
Markus Gnirck, Global COO at Startupbootcamp FinTech commented: “Since the beginning of the year, we have scoured the Asia Pacific and the globe for the most fascinating, innovative and promising FinTech startups. With 300 applications it shows that FinTech in Asia is on the rise to tackle local problems with the potential for global scale. We have met close to 200 startups, visited 12 financial hubs across APAC and beyond, so we feel confident that the 10 teams selected showcase the very best that financial services and technology has to offer.”
Raj Dhamodharan, Group Head, Emerging Payments - Asia Pacific at MasterCard said: “I have been very impressed by the overall quality of the ideas coming out of the Asia Pacific region and am really looking forward to working with these ten startups to see how they develop over the coming months. Staying at the forefront of developments in tech will be crucial for financial services over the coming decade. Startupbootcamp is a great way to ensure that innovation is tackling real concerns.”
Pascal Bouvier, General Partner, Route 66 Ventures: "We are delighted with the completion of the first selection days for SBC's Fintech program in Singapore. The field to choose from was surprisingly strong and the 10 startups we selected are outstanding. The result is a powerful cocktail that marries a bit of wealth management, a sprinkle of credit scoring and lending, a sliver of crypto, a dose of p2p payments, b2b and b2c business models, and go to market strategies that cover all of South East Asia as well as India. We very much look forward to helping these 10 startups throughout the program. Further, the SBC team proved once again their professionalism and our partners, ranging from Infocomm to DBS, Mastercard, PwC and SBT Ventures were amazing to work with."