Kyyba Innovations, an innovation and collaboration eco-system, announced on Monday it has partnered with TechTown Detroit to launch the second series for “Detroit Fintech Challenge” to identify game-changing innovations in the financial services industry.
According to Kyyba, the Detroit Fintech Challenge is an annual event where early-stage startups and entrepreneurs network and work collaboratively to solve corporations’ most pressing financial technology-related problems and interests, and then present them in a competitive style pitch competition.
“DFC will bring together entrepreneurs, coders, developers, and other key players and creative minds from across the region to generate enduring solutions to address critical fintech challenges. Through DFC, fintech startups will be given a theme/ challenge statement category. Finalists from each “challenge statement category” will present their concept as a part of the Fintech Challenge Pitch Competition. With many industries relying profoundly on financial transactions, the Detroit Fintech Challenge aims to create an economic impact in Michigan by creating new and innovative financial technologies in leading industries.”
While sharing details about the Challenge, Tel K. Ganesan, Managing Director at Kyyba Innovations, stated:
“We are so delighted to host the Fintech Challenge in Detroit for the second consecutive year. We truly see this as a catalyst to drive a community in Detroit around fintech that will help in re-energizing the city and state with a diversified economy leading to economic prosperity for years to come.”
Startups can submit their applications until June 30, 2019.