Startupbootcamp invests in 10 global fintech startups

Global accelerator Startupbootcamp announced the final 10 participants for its specialized FinTech Accelerator program.

The fintech firms, which come from Australia, India, Hong Kong, Singapore, Taiwan, Myanmar, the UK, and the US, will each receive about US$17,000 in investment and free co-working space at the organization’s offices in Australia, as well as access to an international network of partners, mentors, and investors.

Startupbootcamp will also provide them with roughly US$700,000 worth of partner deals, which includes support from Australia-based tech services company DiUS, boutique firm KHQ Lawyers, and Pitcher Partners, an association of independent firms. The accelerator is also backed by its other major sponsors National Australia Bank, healthcare group Bupa, professional services network Deloitte, consulting and technology outsourcing services provider Capgemini, and Amazon Web Services.

The startups selected from the program include:

• ZScore Technologies, an AI-powered platform that enables organizations to use data profiling for understanding and extracting value from their data
• Emotics, a regulatory technology company that analyses user engagement with online compliance training
• ChintaMoney, an app that allows users to split their income into different categories
• InsureVite, a neurolinguistic programming chatbot that includes features like smart contracts and optical image processing
• TradingValley, a wealth management solution powered by machine learning
• InfoVera, an online marketplace that gives business owners an industry benchmark score and recommendations
• Youthful Savings, a learning marketplace that provides youth with the tools of financial education and entrepreneurship
• Pencil, an application management system that allows businesses to easily submit credit applications digitally by auto collating an accurate ASIC-verified business record for immediate approvals
• ZigWay, a mobile app that helps low-income families access nanoloans of less than US$200
• Fractal, an API suite that provides a data aggregation and intelligence platform where banks and other financial institutions can provide value-adding services to small and medium-sized enterprises