The ten teams reflect important trends in fintech, including Insurance Technology, Data Analytics and SME Financial Solutions, which are all relevant areas for consumers and businesses in Southeast Asia.
Global accelerator Startupbootcamp Fintech, has announced the 10 international startups selected to join its Singapore program. The ten fintech teams from across Asia-Pacific have been selected by a panel of industry experts and now qualify for a substantial financial bonus coupled with valuable free mentoring and office space.
From 18 April, the successful startups will benefit from extensive mentorship from 400+ entrepreneurs, investors and corporate partners, helping to guide each company through the «Shape», «Build» and «Sell» stages of development and scaling across Southeast Asia.
Financial Regulator Involved
As well as access to mentorship, each team will receive SGD$25,000 and four months free office space at Singapore’s startup hub BASH at Block 79. Partnerships with MasterCard, CIMB, RHB, DBS, Intesa SanPaolo, Thomson Reuters, PwC, PixVine Capital, Jungle Ventures, Accreditation@IDA and Infocomm Investments will also provide the Fintech finalists with access to potential pilot customers, industry data, and capital.
Startupbootcamp Fintech is also supported by the Monetary Authority of Singapore (MAS) who will provide feedback to the startups on regulatory matters.
«As part of our SGD$10 million investment into the development of the Singapore start-up ecosystem, we are proud to be working with Startupbootcamp Fintech again to scout and accelerate 10 promising Fintech start-ups from around the region. The exchange between our employees and these start-ups is a strategic move towards engaging with emerging innovations and discovering potential areas for disruption,» said Neal Cross, Chief Innovation Officer, DBS.
After three months of acceleration, the 10 teams will be invited to present their companies to 500+ investors, mentors and partners during Demo Day.
The Finalists:
The 10 teams selected to join the 2016 Startupbootcamp Fintech Singapore program are:
BanhJi (Cambodia) is a free and localized industry-specific accounting platform, built for SMEs and NGOs with collaborative financial management features.
Boundlss (Australia) helps health & life insurers attract & retain healthy members, encourage & reward healthy behaviour, and use data from biosensors to rate individual risk & price premiums appropriately.
Cefy (India) is credit scoring for everyone. Cefy's mission is to enable everyone having access to financial services by making loans, credit system and payments easy.
Coinluck (South Korea) is social credit card issuer that gives the power of lending back to individuals.
Connaizen (India) is a bank driven microtargeting solution for retailers
Currenseek (Malaysia) is the first location-based and community-driven currency exchange rate comparison app.
PolicyPal (Singapore) is a digital insurance manager, revolutionizing insurance through data, tech and design.
Kuchi (Taiwan) provides a machine learning-powered platform to help individuals manage investments better.
SETScope (Thailand) is the first platform to evaluate stocks using multiple metrics like a human expert. Effortlessly invest in quality.
Supertext (India) makes mobile commerce fun, effortless and interactive by creating a chat interface with supporting fulfillment infrastructure that revolves around the need of the consumer
