Fintech accelerator F10 raises funds to expand operations

Global fintech startup accelerator F10 has raised funding in the mid-single digit million Swiss franc range in a round led by Five T Fintech.

F10, which has hubs in Switzerland, Singapore and Spain, opted for a management buy-in by its executive leadership team, making it an independent and self-funded company.

F10 accelerator team | Photo credit: F10

Funds raised by F10 will be used to expand into newer markets and grow its current hubs in Europe and Asia.

The company also plans to strengthen its investment activity and take over from the Six Fintech Ventures team, a founding member and partner of F10. The global incubator is raising its first seed fund to invest in early-stage startups.

F10 also announced the graduation of eight early-stage startups in the third batch of the Singapore incubation program. Companies in the cohort are from Australia, South Korea, Hong Kong, Bangladesh, India, and Singapore.

The graduates include: Cakeplabs, Emlo Technologies, Kryptonium Limited, Lexicat, PLG Partners, Pranah, Syla, and Tunibibi.

Other participants in the round include:

• Synpulse
• United Fintech CEO Christian Frahm
• On-Point
• Other undisclosed investors

Currency converted from Swiss franc to US dollar: US$1 = 0.96 Swiss franc.