Startupbootcamp FinTech, an accelerator focused on disruptive finance, has published the 10 international startups selected to join its London program. The finalists include teams from across Europe, America and Asia-Pacific. According to Startupbootcamp, half of the class is already generating revenue and the entire group has already raised a combined $6 million. As well as access to mentorship, each startup will receive €15,000 and 3 months free office space at the Rainmaking Loft London, Startupbootcamp’s London home. Partnerships with Rabobank, Lloyds Banking Group, MasterCard, arvato Financial Solutions, Intesa Sanpaolo and Route 66 Ventures will also provide the Startupbootcamp FinTech finalists with access to pilot customers, industry data, APIs and capital.
Liz Lumley, MD at Startupbootcamp FinTech noted that financial startups is a hot space in the UK.
“The FinTech space continues to hot up and for the second year running London remains the FinTech capital of the world. The sheer volume of interest in the London program again this year is testament to the need for an innovation tool to nurture the talent that is out there. Since the beginning of the year, we have searched across FinTech hubs as well as untapped cities, such as Sydney, Toronto and Johannesburg to find the most promising FinTech startups, and met over 200 startups. We feel confident that the 10 teams selected showcase the very that financial services and technology has to offer.”
These startups will benefit from mentorship from 100+ entrepreneurs, investors and corporate partners, helping to guide the company through the ‘Shape’, ‘Build’ and ‘Sell’ stages of development. Masterclasses are offered on topics ranging from lean to legal, and focused partner days on media, investment and sales. The program commences in August, led by Lumley, and co-managing director Francisco Lorca.
After three months of acceleration, the 10 teams will pitch their companies to investors, mentors and partners during Demo Day.
The 10 teams selected to join the 2015 Startupbootcamp FinTech London program are:
- Blockverity(UK): Blockverify believe in the potential of blockchain technology to improve anti-counterfeit measures in different industries and have a significant positive social impact.
- BondIT(Israel): BondIT utilizes machine learning and big data analytics to deliver easy-to-use tools for financial advisers to construct fixed income portfolios, providing the optimal yield-risk ratio while adhering to their clients’ needs, targets and constraints.
- Cybertonica(Russia): Cybertonica provides a cloud risk intelligence hub for merchants, PSPs and financial institutions. They decrease the number of fraud transactions and chargebacks, and increase site conversion by our unique machine learning models, online behaviour analysis and biometric fingerprint profiling of Internet users.
- Delio(UK): Delio provides wealth managers, private banks and other financial institutions with a compliant way of allowing clients and advisors to share and access direct, private market investment opportunities internally and across their networks.
- Money Fellows(UK): Money Fellows allow banks’ customers to leverage their social network to make loans cost nothing and savings a lot more rewardable.
- Obsidian Solutions(Canada): Obsidian has developed a new portal framework for investment managers, FundBinder, allowing software vendors to offer tools through our application marketplace & clients to get features in a unified experience.
- StockViews(UK): StockViews is a social network for serious investors. Members post their “investment thesis” in 250 characters or less together with a “rating” (Buy, Sell or Neutral). Performance of recommendations is then tracked in real time by the site and compared against Wall Street professionals.
- Tradle(USA): Tradle extends bitcoin’s blockchain to carry ANY business and consumer transactions, like orders, invoices, tickets, receipts, etc. Tradle disrupts supply chains by externalizing transactions to the blockchain, thus enabling permission less and programmable commerce.
- Walnut Algorithms(France): Walnut Algorithms uses machine learning techniques with financial expertise to create outperforming computational models for asset management.
- WoraPay(UK): WoraPay provides merchants software based self-service solution with multiple mobile wallets connected to it. On the other hand, WoraPay provides banks, payment service providers, telecoms or other institutions that operate a mobile wallet quick access to the wide merchant network.