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The international startup competition, Startupbootcamp FinTech, has announced the top 10 finalists to join the popular European accelerators programme. The scope of the event spanning globally, innovative financial technology startups from Africa, Europe and the US have been chosen.
Nektarios Liolios, Managing Director at Startupbootcamp FinTech, notes that the accelerator has selected the cream of the crop. He says, “Over the last five months we’ve scoured the planet for the most interesting, innovative and promising FinTech startups. We’ve met over 436 startups, visited financial hubs across four continents and held 18 different events. We’re confident that the 10 teams selected represent the very best that the financial services and technology industries have to offer.”
Each will have access to the following:
- Extensive mentorship from 100+ entrepreneurs, investors, and partners
- Access to top markets in London, US and APAC
- 3+ months free office space
- €15K in cash per team
- €450K+ in partner services
- Exposure to 200+ Angels and VCs
- Invitation to SBC global alumni network
After the accelerator programme, the startup finalists will pitch at demo day and have a chance to present their companies to 200+ investors, mentors, and partners.
The 10 teams joining the 2014 Startupbootcamp FinTech program are:
Creditable (South Africa)
Creditable enables credit unions, lenders, businesses and individuals to give loans to their customers, employees, suppliers and family professionally in just five minutes. It aims to make credit more affordable, accessible, transparent and inclusive, and to re-imagine and re-engineer societal behaviour around credit. The team is led by Sechaba Ngwenya, a former banker turned developer and advocate for fair credit.
Epiphyte (United States)
Epiphyte is deploying enterprise software that allows the pre-installed systems of financial institutions to “talk” to crypto-financial networks, while operating within existing regulatory frameworks. Epiphyte provides banks and financial institutions with the expertise and tools to increase margins and provide new services, by taking advantage of of cryptocurrency and blockchain innovation.
FriendlyScore creates credit scorecards based on big data from Facebook. Using the Facebook API, it aims to become the ‘Klout’ for creditworthiness. The team is made up of Maciej Dolinski and Krzysztof Sornat, who previously ran payday loan company Kasomat.pl. and Emilian Siemsia, a JAVA/PHP developer.
Insly is a beautifully designed cloud-based tool for insurance salespeople, enabling them to manage sales from start to finish. There is no upfront investment and the web-based service needs no installation. Insly is already used by more than 60 insurance market leaders across six different countries, handling millions of transactions.
InvoiceSharing (The Netherlands)
InvoiceSharing is a financial services marketplace which enables 100% free electronic invoicing. It delivers higher revenues, lower costs and better cash flow for its customers by combining user-friendly, innovative and smart financial services into one place where everybody can participate and benefit.
Liquity (United Kingdom)
Liquity is an online marketplace matching buyers and sellers of private company shares. It provides private company directors with a comprehensive suite of shareholder and equity management services and matches investors with private company shareholders who want to sell some or all of their equity. It facilitates complete deals, from introduction to transaction completion including escrow and custodial services.
M-Changa’s proprietary technology enables anyone to quickly and inexpensively manage a remote fundraiser. Registration of a fundraiser via mobile phone or online takes only a few seconds. Immediately, users receive a personalised M-Changa account number and can start accepting mobile money and credit card donations to their fundraiser.
milliPay Systems (Switzerland)
milliPay is a Swiss micropayment startup that makes online payments as simple as browsing. It allows users to pay with a single click, across the web and on any device, whatever the amount. milliPay’s innovative cryptographic protocol helps processing payment transactions extremely secure and efficient.
Tab (United States of America)
Founded in 2012, Tab integrates with existing bank systems to enable real-time social payment networking. Friends can connect payment cards together to share purchases on a single card. Tab stores payment card tokens on file, splitting the total when any merchant charges a tab-enabled card, and charging everyone their respective portions dynamically, automatically, and instantly.
Up Investments (United Kingdom)
Up Investments enables people to find, manage and grow all of their P2P and equity crowdfunded investments, all through one free and simple platform. It’s the world’s first crowdfunding supermarket where shoppers can browse, buy and manage investments from all the leading crowdfunding brands.