The finalists for the 2016 edition of the Startupbootcamp FinTech acceleration program in London have now been chosen. The selection of these nine innovative companies marks not only the end of intensive months of scouting and searching, but also the beginning of what I hope to be exciting talks over the coming three months.
Third time around
This is the third year that we are partnering with the Startupbootcamp FinTech acceleration program, which aims to give young, promising startups the chance to grow quickly with the support of mentors and partners from the industry. Startupbootcamp is one of the largest startup support organizations in the world.
In my opinion, the nine companies clearly demonstrate that FinTech has evolved far beyond new tools for payment. This time, we have seen more holistic and complex business models, focusing on very specific parts of the financial value chain, which I find very promising for the future.
Below are the names of the startups, a brief description of their business and some initial thoughts for our collaboration to highlight the value of our partnership to them as well as to arvato Financial Solutions.
|Enterprise Bot||AI-powered customer service agent||BPO|
|EuropeOne||Cross-border banking||Risk management|
|Kyolab||Compliant communication for financial institutions||Risk management|
|Monuva||SME cash management||Payment|
|Penta Bank||SME banking||Risk management|
|Zenith.One||Onboarding solution for financial advisors||BPO|
|Zeroflows||Platform for frontier equity communication||Risk management|
To read more about the selected startups, please take a look at the one-pagers in the attached PDF here, 2016er Cohort.
– Lennart Swoboda
Corporate Development, arvato Financial Solutions
Lennart Swoboda has been Consultant at Corporate Development since 2013, dealing with aFS strategy, M&A and innovation. He became a FinTech evangelist in 2014 and the contact person for our FinTech partnerships Startupbootcamp and MasterCard Start Path. He believes that a blockchain is a tool rather than a value proposition and that financial democratization will dominate the 21st century FinTech scene.