UK-based accelerator Startupbootcamp revealed yesterday the names of the 10 fintech startup finalists that will participate in its London-based startup programme.
A panel that included backers such as financial services firms Lloyds and Rabobank, payment services firm Mastercard and SBT Venture Capital, the corporate venturing unit of Sberbank, selected 10 companies from Europe, America and Africa across the financial services and technology sector to join Startupbootcamp next month.
Startupbootcamp operates in various cities throughout Europe. It recently launched a Berlin-based accelerator backed by phone maker Nokia, industrial manufacturer Bosch, networking technology company Cisco, lubricant producer Castrol, auomotive company Daimler and utility EnBW, which will focus on transport and smart energy.
As part of the scheme, the 10 startups will receive €15,000 ($20,000) in funding and three months office space in London as well as mentorship.
The finalists are:
South Africa-based fast loan company Creditable, which enables credit unions, lenders, businesses and individuals to dispense loans in five minutes.
Netherlands-based InvoiceSharing, a financial services marketplace that provides free electronic invoicing.
Poland-based big data company FriendlyScore, which calculates credit scores from data sourced from Facebook.
Estonia-based cloud-based insurance company Insly.
Liquity, a UK-based online property shares marketplace.
UK-based Up Investments, a platform for peer-to-peer and equity crowdfunded investments.
Kenya-based M-Change, allows users to remotely manage fundraisers.
Epiphyte, a US-based enterprise software company that enables pre-installed systems in financial institutions to “talk” to crypto-financial networks.
Switzerland-based miropayment startup MilliPay Systems.
US-based Tab, which integrates with existing bank systems for real-time social payment networking.
Together, the startups have raised a total of €6m ($8.1m) in investments, according to Startupbootcamp. A total of 435 startups were considered for the London leg before the final 10 were selected.