10 startups selected for Singapore accelerator programme

SINGAPORE - Startupbootcamp FinTech, a financial innovation accelerator based in both London and Singapore, has shortlisted 10 international startups for a programme here.

Under the three-month programme, which kicks off from May, the finalists will be able to access industry expertise from more than 100 entrepreneurs, investors and corporate partners, who will guide them with go-to-market strategies, product development and scaling across South-east Asia.

Each startup will receive $24,500 and an office space for four months at the Startupbootcamp FinTech hub in Block 79, a startup incubation centre in One-North.

At the end of the programme, the startups will pitch their companies to more than 200 investors, mentors, and partners.

The finalists comprise teams from across Asia-Pacific and Europe, and reflect important trends in financial technology, or fintech, such as blockchain technologies, financial inclusion, and wealth management.

They include DeBuNe, an online platform that allows small and medium businesses collaborate, market, offer and monetize their expertise or products, as well as Kashmi, an Asia-focused peer-to-peer mobile payment solution provider.

All ten startups combined have raised more than $2.5 million, and 30 per cent of them are already generating revenue.

"FinTech in Asia is on the rise to tackle local problems with the potential for global scale," Mr Markus Gnirck, global chief operating officer of Startupbootcamp FinTech, said in a press release on Monday.

"We have met close to 200 startups, visited 12 financial hubs across the Asia-Pacific and beyond, so we feel confident that the 10 teams selected showcase the very best that financial services and technology has to offer," he added.