Startupbootcamp FinTech Singapore Announces Partnerships with Thomson Reuters and Accreditation@IDA
Singapore, 25 January, 2016 — Startupbootcamp FinTech, a global accelerator focused on financial innovation has made back to back announcements of two new partnerships to start off 2016.
Startupbootcamp FinTech Singapore program collaborates with Accreditation@IDA to support the growth of FinTech startups by providing startups assistance on their technical architecture, which comprises of in-depth product testing and financial advisory, including financial modelling and fund raising. These tools will not only complement Startupbootcamp’s mentoring efforts but are tailored to the startups’ growth stage and needs.
With this collaboration, startups selected for the 2016 accelerator program will gain support from Accreditation@IDA. These startups will be offered essential tools such as comprehensive technical product testing and evaluations to ensure their product is robust and financial advisory to facilitate sustainable growth. Eligible startups from Startupbootcamp FinTech may be subsequently evaluated for the award of IDA’s accreditation status.
“We are thrilled to work with Startupbootcamp FinTech to have FinTech startups hit the ground running,” said Steve Leonard, Infocomm Development Authority of Singapore, Executive Deputy Chairman. “Accreditation@IDA helps startups build better companies through comprehensive technical, business, finance and IP evaluation. Having helped strengthened more than 30 products in the past year, we are providing tried and tested tools and models to complement the accelerator and improve the quality of startups. Being involved at the accelerator stage will also enable IDA early engagement opportunities with innovative and promising startups.”
The Thomson Reuters partnership brings technology, market data access and mentoring to FinTech startups in Singapore. Thomson Reuters will be involved in the evaluation process and mentorship for the program as well as gaining access to innovative and promising startups at their early stages.
Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific, Thomson Reuters, said, “The financial services firms of the future will be more connected, data driven, flexible, mobile and digital. Asia is a hot bed of FinTech talent — the new partnership with Startupbootcamp reinforces our commitment to creating an open environment and promoting cooperation within the FinTech ecosystem in the region. By partnering with Thomson Reuters, startups can make connections that they, with little or no operational history, might otherwise find hard to achieve.”
Steven Tong, Managing Director of Startupbootcamp FinTech, said, “These two new partnerships support the growth of the FinTech ecosystem in Asia and fosters change in the financial industry. Our new partners bring unique and high value capabilities to startups participating in the Startupbootcamp accelerator program. Coupled with the strengths of our existing partners, this makes us the leading FinTech accelerator offering a programme that is unparalleled in Asia.”
Startupbootcamp FinTech is a global accelerator focused on financial innovation, providing FinTech startups with funding, mentorship and guidance from leading financial services industry partners. To date, Startupbootcamp FinTech Singapore has accelerated 11 teams that have achieved milestone growth since Demo Day last July 2015. Startups like Toast and Kashmi have closed pre-series A funding rounds. Startups having received mentorship and practical guidance from over 200 entrepreneurs, investors, industry participants and partners as well as access to international markets.
Applications for the 2016 Startupbootcamp FinTech Accelerator program remain open until 7th of February 2016.
The program is open to all early stage startups in FinTech across Asia. Interested startups can apply for Startupbootcamp FinTech Accelerator Programme in Singapore here: http://www.startupbootcamp.org/accelerator/fintech-singapore.html
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