Start-ups assemble for Startupbootcamp FinTech London demo day
Startupbootcamp FinTech London will host its Demo Day on 1 December for the third year with ten firms lined up for action.
The ten companies taking the stage will showcase their fintech, ranging from SME banking, regtech, chatbots, artificial intelligence (AI) and blockchain.
Francisco Lorca, MD of Startupbootcamp FinTech London, says the variety of the start-ups who applied this year is “remarkable”.
It received more than 400 applications across 61 different countries. Lorca adds that “despite the uncertainty caused by Brexit, 70% of the companies are planning to stay in the UK”. They also hope to open into new markets such as Asia and the US, he says.
Startupbootcamp FinTech is calling on angel investors, venture capitalists, industry specialists and corporates looking for investment opportunities and partnerships to meet the cohort at the Demo Day.
It says many of the start-ups have already launched their services and secured pilots with banks and other corporates. Startupbootcamp connects firms with its partners in London – including Lloyds, PwC, MasterCard, Rabobank, Arvato Bertelsmann, Intesa Sanpaolo, MJ Hudson and Route 66 ventures.
For instance, a 2015 alumni WoraPay partnered with Lloyds to beat the coffee queues.
The theme for this year’s Demo Day is “united fintech”, reflecting the “growing collaboration between fintech companies and banks”.
The companies have gone through a three-month acceleration programme with sessions, mentor and partner one to ones as well as meetings with entrepreneurs, experts and investors.
As Banking Technology reported in August, nine finalists were initially revealed. The firms come from across Europe, America and Asia-Pacific, and are Enterprise Bot – offering an AI-customer relationship tool; EuropeOne – a pan-European mobile bank; Kyolab – providing mobile compliance for regulated institutions; MoBILLity – designed to let customers switch providers; PACE Invoice (formerly Monuva) – a cash management platform for SMEs; Penta Bank – for entrepreneurs and SMEs; Trakti – a peer to peer (P2P) platform for procurement and sourcing in blockchain; Zenith One – tech provider for financial advisors; and Zeroflows – for asset management.
The latest addition is Railsbank, Startupbootcamp’s “start-up in residence”, which offers a banking API designed to connect banks and fintech firms.