Fintech accelerator company Startupbootcamp FinTech held its first annual Singapore Demo Day on July 3o, 2015. It featured 11 teams and more than 450 guests from the financial industry.
The Demo Day was the culmination of a 100-day programme launched in May and is the first accelerator from Startupbootcamp after it opened a branch in Singapore this January.
“It is very clear that Singapore has a very strong fintech community already, and we came to help grow the community. You want to find a place that has experts, mentors, other private industry around it to assist the startups with all the different questions in fintech. You also need to see funding available — so venture capitalists that want to invest in fintech. And this is all happening in Singapore,” Startupbootcamp Co-founder and COO Markus Gnirck told e27.
What Demo Day was all about
Featured startups included Otonomos, which incorporates companies into the Bitcoin’s blockchain via a digital share wallet. ShereIt is a tool to let amateur investors follow experts and copy their trading history and Bankguard offers a security solution to Man in The Middle (MITM) attacks.
DBS, MasterCard, Intesa SanPaolo and PwC offered advice and access to leaders while Infocomm Investments, Jungle Ventures, PixVine and Route66 Ventures provided mentorship and coaching.
MasterCard Lab’s Senior Business Leader Tobias Puehse said in a press release, “The energy of the 11 fintech startups presenting at Demo Day is contagious and reflects Singapore’s focus on driving fintech innovation and entrepreneurialism in Asia, for Asia and beyond.”
This was the first accelerator programme the 27-year-old Gnirck had run in Singapore — having relocated from London.
“Startups that came to our London accelerator had more of a UK focus where the startups that came here to our Singapore accelerator had a very regional focus … They were looking at the Indian market, Indonesia, Malaysia and Japan. It’s been interesting to see that London is the center for the UK and Singapore is the centre for the region,” he said.
Every programme can improve and Gnirck said next year he wants to emphasise the talent pool. He explained that quality talent and innovative startups may just be unaware of one another and he wants to assist team members with hiring more people.
And the players are
Here are the 11 startups that showcased at Demo Day.
Bankguard provides a revolutionary 2 Factor Authentication (2FA) solution which addresses weaknesses in current technologies that are vulnerable to Man In The Middle (MITM) attacks.
Creditseva’s algorithm and online integrated platform with banks, help users instantly analyze credit reports & track credit scores, obtain discounted offers to close bad loans and get customized offers for new loans.
Dragon Wealth offers the world’s fastest way for financial advisors in South East Asia to increase sales and acquire more investors through two easy-to-use mobile apps, and Upefy; an automated suite of marketing tools connecting financial advisors with new investors.
Kashmi is a mobile application that allows you to make real-time payments while you socialize and communicate with friends.
KyePot is a mobile centric community savings and lending platform that brings individuals together to achieve their financial goals using the collective power of the individual, group and the community.
Global payment and loyalty platform on blockchains. Bring the power of digital currencies to use at any retail store already accepting credit card via NFC.
OTDocs certifies online identities and documents. Allowing trusted collaboration, OTDocs increases workflow efficiency for businesses involved in international trade.
Otonomos brings your company on the blockchain. You incorporate by simply creating a digital share wallet, transfer shares peer-to-peer, and automate your governance using smart shares.
ShereIt makes share trading easy. It is a Social Trading platform that helps non-professional investors identify expert traders, follow them and copy their trades/actions.
Skolafund is a web platform that enables university students to crowdfund their scholarship from the public & corporates. More products will be rolled out as SkolaFund aims to be the biggest higher education financing platform in Asia.
TOAST allows unbanked Filipino workers in Singapore to send cash back to the Philippines without having to spend hours queuing at Western Union.
Applications for next year’s Singapore Startupbootcamp FinTech accelerator open in October and the programme starts April 16, 2016.