US-based payments processing service PayPal is expanding its Start Tank incubator program in Singapore, local news publication Business Times has reported.
The incubator is aimed at fintech and technology startups. The program lasts nine months and offers access to executives from PayPal and industry experts, a co-working space and networking opportunities with venture capitalists.
PayPal originally launched Start Tank in Chennai, India in 2013. A total of 10 startups have graduated from that initiative to date and many have gone on to raise capital or securing an exit.
The incubator will be located at PayPal’s Singapore Technology Center and begin with a pitching session on June 2. Startups can apply on Start Tank’s website until May 25.