Global Accelerator Startupbootcamp Fintech Announces New Partnerships and Singapore Managing Director

Singapore - 14 May 2015

  • New partnerships with PwC Singapore, Pix Vine Capital and Jungle Ventures
  • Technology expert Steven Tong joins as Singapore Managing Director 

Startupbootcamp FinTech Singapore welcomes PwC Singapore, Pix Vine Capital and Jungle Ventures on board to provide expertise, exposure channels, and access to a network of industry professionals in Singapore and across the wider Asia-Pacific region. As more financial institutions recognise the value in working with FinTech startups, Singapore is cementing its position as a high-potential FinTech ecosystem.

Startupbootcamp FinTech recently announced a strong cohort of 10 new teams for its Singapore accelerator who started the program on the 4th May.  The chosen startups cover some of the biggest trends in FinTech, including blockchain technology, wealth management and financial inclusion. PwC Singapore joining as a partner can offer industry access to its vast client base and support regional scale, while Pix Vine Capital and Jungle Ventures bring valuable connections to funding and capital as well as in depth knowledge of technology ecosystems across APAC.

Antony Eldridge, Financial Services Leader for PwC Singapore said: “We are really excited at the opportunity to continue supporting the entrepreneurial ecosystem in Singapore. Our financial services experts will be helping to coach FinTech startups as they seek validation and adoption by leading financial institutions and their customers. In today's market, digital transformation and innovation are central to helping our clients evolve through disruptive change, and our partnership with Startupbootcamp FinTech will further help PwC Singapore to support the revolution taking place in the financial services industry, both at home and overseas."

Chou Fang Soong, General Partner of Pix Vine Capital said: "It is immensely valuable to both Singapore and the greater Asian startup ecosystem that there is now a dedicated and leading FinTech accelerator program in this region. As a Singapore-based Investment House providing early-stage venture capital to startups, partnering with SBC FinTech's accelerator is a great fit for us. This consolidates our move into FinTech after our recent investment in startup MoolahSense. We are excited that Startupbootcamp FinTech's initiative will be instrumental in establishing Singapore as a global hub for financial innovation alongside London and New York. This will effectively bridge startup ecosystems across the world to partner, fund and grow startups and high calibre teams in Singapore and Asia.”

Anurag Srivastava Founding Partner of Jungle Ventures said: "The Financial services industry in Asia will see a complete overhaul in the next five to ten years. There is a deep desire for change and innovation from both the consumers and enterprises. We see Startupbootcamp FinTech playing an important and timely role in catalysing the growth of more disruptive startups in this space and we are very pleased to work closely with them. Jungle has been an early backer of several category leaders such as iMoney, Fastacash, Milaap and Momoe and this is going to further intensify our focus on the FinTech sector."

Incoming Managing Director of Startupbootcamp FinTech Singapore, Steven Tong, brings 15 years’ experience of working with technology companies in Singapore and the United States. Steven was formerly with Infocomm Investments where he was instrumental in funding several accelerator programs, including JFDI and Startupbootcamp FinTech. Steven will work closely with Markus Gnirck, global COO in Singapore and the whole of the global Startupbootcamp FinTech team.

Steven Tong, incoming Managing Director, said: “Having worked with startups across the US and Asia over the last ten years, I am extremely excited to be joining what, I believe, is the best FinTech accelerator in the region. I am looking forward to working with the three new partners coming on board, PwC Singapore, Jungle Ventures and Pix Vine Capital, who will play a crucial role in helping the 10 startups in this year’s program scale regionally.”

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