Startupbootcamp Scale FinTech Mexico City announced on Wednesday the opening of applications for its second cohort and invites the best growth stage fintech startups. The accelerator claims to be the only fintech scaling program in Latin America and is designed for growth stages companies specialized in fintech.
Startupbootcamp Scale FinTech Mexico City is notably managed by Finnovista, an impact organization that empowers FinTech ecosystems in Latin America and Spain. The program’s vision is to boost entrepreneurship in the region through the professionalization of high-impact financial-technology solutions and the incubation of innovation in the financial services sector.
Through the cohort class, the program will offer five companies a semester of blended support in boosting and developing their businesses. It is designed to help founders tackle the many challenges related to scaling their technology business, related to raising funds, recurring sales, to expand globally and increase their revenues. The program has the corporate support of VISA, Fiinlab powered by Gentera, Banregio, HSBC Mexico, EY Mexico, IGNIA, Latinia, and White & Case.
While sharing more details about the program, Christine Chang, Program Director of Startupbootcamp Scale FinTech Mexico City, stated:
“Our program allows startups to reach their next level by providing them with the necessary tools to expand and achieve exponential and sustained growth. Also, through our customized support and encouraging active collaboration with the industry, we aim to mature our ecosystem and seek to create innovation in Latin American financial services.”
By participating in the program, the chosen startups will obtain:
- Ease of collaboration with different key agents of the industry in the development of tools that facilitate their scaling and presence in new markets or, their growth in the financial markets.
- Financial support of $30,000 dollars.
- Access to the most important venture capital funds in the region focused on FinTech.
Startups have until December 10th to apply for the cohort class.