LendIt, the global lending and fintech conference series, today announced its partnership with 500 Startups for PitchIt 2017, a leading global competition for fintech startups who can earn mentorship, endorsement and exposure to leading institutions, investors and press.
“Innovation has never been more important for the Financial Services industry,” averred LendIt Co-Founder Jason Jones. “PitchIt gives startups with fresh, important new ideas a valuable chance to build and grow their firms. Even as the fintech industry matures, we are seeing exciting areas of breakout opportunities which we look forward to discussing and experiencing at LendIt USA 2017. We are honored to partner with 500 Startups, a brand synonymous with global innovation and the startup culture, to grow PitchIt and help fuel innovation in fintech.”
The partners anticipate “hundreds of applicants vying for a prestigious spot in the finals,” giving them a chance to present on the keynote stage in front influential members and high ranking fintech executives.
This year’s Exclusive PitchIt Partner will be global venture capital fund 500 Startups, a leader in investing in and mentoring early-stage fintech startups. The finalists will present to a panel of expert judges and thousands of conference attendees at LendIt USA on March 6, 2017 in New York City.
“LendIt has a proven track-record of bringing together thought leaders and decision makers from across financial services and fintech ecosystems,” stated 500 Startups Global FinTech/InsureTech fund General Partner Sheel Mohnot. “We’re thrilled to be working with Lendit’s extraordinary team, partners and sponsors on the PitchIt program to highlight startups from around the world who are poised to transform the financial services industry.”
PitchIt @ LendIt attracts hundreds of investors, asset managers, funds and entrepreneurs, bringing together a community of influencers in the lending marketplace. Online applications also officially opened to qualifying fintech startups. To apply to PitchIt 2017, firms must meet the following criteria:
- Must be a fintech company
- Two or more full-time co-founders/employees
- 2-10 full-time employees
- Less than 3 years in business (companies founded before 2014 not eligible)
- Raised less than 4 million USD since launch date
- Must have a professional business website
- Everyone registering on behalf of a specific company must have an email with that company’s domain
Eight selected finalists will receive a free all-access pass to attend the entire LendIt USA conference, up to $1,000 for travel to PitchIt, and a 50% discount Startup Zone booths. The overall PitchIt winner will receive a Bronze level sponsorship to future LendIt events, promotion and media support.
To date 500 Startups touts over $270M in assets under management and more than 1500 investments globally. 500 Startups counts more than 150 FinTech investments in more than 20 countries, including platforms with which CI readers are likely familiar: CreditKarma, RealtyShares, Simple (acquired by BBVA), and Stripe.