Startupbootcamp FinTech Singapore facilitates 70+ pilots and partnerships after first Asia Demo Tour

Singapore - 18 July 2017

Startups graduating from 2017 cohort announce partnerships following successful roadshow in Singapore, Chengdu, Hong Kong and Tokyo 

Startupbootcamp FinTech Singapore, the leading global accelerator focused on innovation in financial services, announces its 2017 cohort of startups have secured more than 70 pilots, clients and key partnerships, with hundreds more in the pipeline.

The announcement comes off the back of the Startupbootcamp FinTech Demo Tour, that took place over the last two weeks. Hosting four events across Asia in Singapore, Chengdu, Hong Kong and Tokyo, attendees heard pitches from the top 11 FinTech teams selected out of more than 500 applications across Asia-Pacific earlier this year.  

Notable partnerships include:

  • • Morakot, a specialised software development startup focusing on financial software, among its 25 clients, has already partnered with two NGOs: Sloek Meas Khmer and CVCD (Cambodian Volunteer for Community Development);
  • • Jumper.ai has closed more than 10 partners, with the likes of UniQlo, Unilever and Volvo transacting everything from test drives to payments through their automated one stop social platform;
  • • Vesl after coming to the program with just an idea, will be launching their pilot with a leading alternative trade financier, an insurer and an agricultural trading house, later this month;
  • • Scalend has closed 7 clients from leading banks and financial institutions across the world.

Numerous future partnerships are in talks between Startupbootcamp FinTech Singapore’s corporate partners and the 2017 cohort.

Samuel Hall, Program Director, Startupbootcamp FinTech Singapore said: “Our 2017 cohort is a great representation of FinTech across Asia. Whilst they come from countries as diverse as India, Cambodia and South Korea, all the companies are linked not just by their desire to grow across the region, but by their readiness to do so. The tour was an adventure for all of us, but its objective and necessity is clear: the startups’ products and platforms are built; their value is apparent; what these companies need to do now is sell, collaborate and fundraise. The 4-stop Demo Tour gave them the best chance to maximise their businesses.”

Other achievements include:

  • • AIM announced that after opening their beta near the beginning of the program for just 100 users, they have accumulated more than USD$1 Million AUM;
  • • With 27,000 monthly active users, CherryPay, a P2P remittance platform, has transacted more than US$10 Million in cross border payments between China and Taiwan;
  • • Smartfolios, after closing Marvelstone as a client in mid 2017, are in the final stages of discussions with some of the leading Asian and European Banks.

The ‘Odyssey’ themed tour was the first of its kind in Asia. It highlighted the startups specifically for vetted and highly relevant investors and financial institutions, while also enabling collaboration and fundraising opportunities. Startupbootcamp, having run hundreds of demo days across the world, realised Asia was the optimal location to run their first demo tour, selecting key locations and key decision makers across pinnacle locations within Asia.

The 11 teams that showcased throughout the Demo Tour were:

  • • AIM (South Korea): Automated Investment Service, a mobile first advisor with a top-notch investment algorithm that is built to scale across borders.
  • • CherryPay (Taiwan): An International P2P money transfer matching platform at your fingertips - Convenient and within the hour.
  • • Fugle (Taiwan): The tailor-made intelligent brokerage solution to serve and engage retail investors.
  • • Jumper.ai (India): Enabling businesses to auto-engage and create instant checkout experiences on social media.
  • • Morakot (Cambodia): Simple and Reliable core-banking system for Microfinance Institutions and Banks.
  • • Scalend (India): AI-enabled Data Discovery and Insights Platform for Financial Services Companies.
  • • Smallticket (South Korea): Online social insurance broker rewarding micro-segment groups.
  • • Smartfolios (Singapore): Digital advisory and investment solutions for financial institutions.
  • • SmartTrade (Japan): Kicking off a new era of AI-Quant Trading through disruptive innovation on our open platform.
  • • Tixguru (Taiwan): Bringing the best trading experience to you by offering quant platform & AI robot advisor.
  • • Vesl (Philippines): Bite-sized insurance for trade and finance.

For more information and about the event, please check: sbcdemoday.net

Launched in 2014, Startupbootcamp FinTech is the leading global FinTech accelerator focused on innovation for the financial services industry. Based in London, Singapore, New York, Mumbai and Mexico City, each program is supported by a network of financial services partners, as well as an extensive mentor and alumni network from more than 30 countries across the globe. Startupbootcamp FinTech is part of the global award-winning Startupbootcamp, a network of industry focused startup accelerators. 

The Startupbootcamp FinTech Singapore program is supported locally by CIMB, DBS, iDA Singapore, SG Innovate, Jungle Ventures, MasterCard, Pix Vine Capital, RHB, Intesa Sanpaolo, ThinkZone and PwC.

Founded in 2010, Startupbootcamp is a global accelerator network with 20 programs in Amsterdam, Barcelona, Berlin, Cape Town, Chengdu, Dubai, Eindhoven, Istanbul, London, Mexico City, Miami, Mumbai, New York City, Rome, and Singapore, and a 3,000+ strong mentor and alumni network in more than 30 countries. More than 450 startups have been accelerated by Startupbootcamp worldwide, raised over €240 million, and achieved a combined valuation of more than €1 billion. 80% of these startups are still active.

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