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Startupbootcamp unveils new Singapore cohort

By Startupbootcamp FinTech,

Startupbootcamp FinTech, accelerator focused on financial innovation, has announced the 10 international startups selected to join its Singapore program.

The finalists, which include teams from across Asia-Pacific have been chosen by a panel of industry experts, including representatives from Startupbootcamp FinTech’s partners

The 10 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. They will join the ever-expanding list of successful startups that have been through the Startupbootcamp programs globally.

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. A series of masterclasses are offered on topics ranging from lean to legal, and focused partner days on leadership and investments.

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 Startupbootcamp FinTech finalists with access to potential pilot customers, industry data, and capital. Startupbootcamp FinTech is also supported by MAS who will provide feedback to the startups on regulatory matters.

Steven Tong, Managing Director at Startupbootcamp FinTech commented: “We reviewed over 350 applications from startups through online applications and 16 FastTracks around Asia. 20 impressive startups were selected from 8 countries to participate in our Selection Days. The high quality of the shortlisted startups made it a difficult process to select the final 10 that will form the 2016 cohort of the programme. We are confident that 2016 cohort will do well in the Startupbootcamp Fintech accelerator.”

After three months of acceleration, the 10 teams will be invited to present their companies to 500+ investors, mentors and partners during Demo Day.

Following the Demo Day, startups will also have access to the Alumni Growth Program, a global network of 2,000+ mentors, 2,000+ investors, 125+ startups, and exposure to startup hubs in London, Singapore, and New York.

Neal Cross, Chief Innovation Officer, DBS said “As part of our SGD$10 million investment into the development of the Singapore FinTech 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.”

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

The article first appeared in the Finextra.com

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