Singapore-based financial services provider DBS Bank and China-based accelerator Nest have launched an accelerator programme aimed at fintech startups, Tech in Asia reported earlier today.
The initiative is accepting applications now and will welcome its first cohort in early August. It will run at a newly-renovated space in Wan Chai, Hong Kong, and end with a demo day in November.
Details on whether DBS or Nest will take an equity stake or charge fees to participating startups have not yet been revealed. Selected startups will be mentored by members of DBS’s network as well as Nest’s team.
Nest currently also operates a healthcare-focused accelerator in association with health insurance company AIA in Hong Kong.