The 10 Startups selected to join Fintech accelerator program of Startupbootcamp
Startupbootcamp published its first list of 10 startups which are selected to participate in Fintech accelerator program at London for 2014. This program is based upon 3 months mentoring program and it includes startup teams from US, Europe and Africa. As per Startupbootcamp almost 70% of selected startups already generating revenue and all the startups combined already raised €6 million in investment. This program is supported by many big brands including Llyods, Robobank, and major payment giant MasterCard and SBT venture Capital. As per latest startup trends we have seen that London is becoming the major hub for fintech startups, so based upon this trend we can see that apart from Startupbootcamp’s there are many other incubators including Techstars-Barclays tie-up and London’s FinTech Innovation Lab are the major player in the game.
As per Startupbootcamp the main edge of their incubator is the list of big brands which are backing them for this program. All these big brand will be providing all major element to the startups for example industry data, API’s access, test customers and capital to run the startup. This program will start in the month of August, and will end later this year with the demo day where the startup teams will get a golden chance to pitch to 200+ investors. In exchange of 8% equity each team will be getting funding of €15,000 and free office space at (at the Rainmaking Loft startup hub (based in St. Katharine Docks, next to London’s Tower Bridge).
StartupbootcampFintech 2014 teams: South Africa Credit offers easy way to given loans in just 5 minutes to Unions, Lenders, Businesses & Individuals can now give loans to their customers, employees, suppliers & family professionally. United States It provide customers who are looking to enter the digital asset space with deep, off-market pools of liquidity. Through these liquidity pools, they operate as broker/dealers for large blocks of digital assets. Poland FriendlyScore is a tool supporting decision making. It allows to automatically arrive at a decision on a specific action to be taken, e.g. granting a loan.
Estonia Insly is a spin-off from IIZI Group – most successful insurance broker group in CEE region starting from 2000. The core team of Insly consists of the founders and key employees of IIZI Group, who contributed to revolutionizing the insurance business with their innovative and business focused IT solutions. The Netherlands InvoiceSharing is the financial services marketplace on top of 100% free electronic invoicing. 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. Kenya M-Changa’s proprietary technology enables anyone to quickly and inexpensively manage a remote fundraiser.
Switzerland milliPay is the Payment System for Small and Micro Amounts. With milliPay, data, information and services can be billed in real-time. United States 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. United Kingdom UP is the world’s first crowdfunding supermarket – bringing the P2P and equity markets together in one place for you. UP lets you browse, buy and manage investments from the all of the leading crowdfunding platforms for free. Tags: Startupbootcamp, StartupbootcampFintech 2014 teams, The 10 Startups