LendIt and Capital One launch fintech start-up competition
Lend me your ears… and eyes. LendIt and Capital One are to co-host PitchIt @ LendIt, a competition to “find a future star of the fintech world”.
The competition is aimed at firms innovating within the online lending and fintech space. It provides a showcase for eight firms to pitch their business case to a panel of judges at the LendIt Europe 2016 conference in London (10-11 October).
Ahead of the event, each shortlisted company will receive coaching for their pitch from investment company L Marks and individual mentors from the industry.
The overall winner will also be mentored by experts associated with Capital One Growth Labs via a “personalised plan” to help development. The labs are a partnership between Capital One and L Marks for start-ups and innovation.
Amy Lenander, chief marketing officer at Capital One, says its Growth Labs programme has “shown us the power that comes from pairing fresh ideas and technology from start-ups with the scale of our customer base and ability to trial those ideas”.
To be eligible to enter the competition firms must have raised less than £4 million in funding, have at least two full-time founders, have a working prototype with customer interaction, and started their venture between 2014-16.
Start-ups are invited to enter at www.lendit.com/europe/2016/pitchit
Entries for PitchIt @ LendIt close on 12 September 2016. The eight finalists invited to pitch will be notified on 19 September, with pitches taking place on 10 October.