European accelerator Startupbootcamp has announced the launch of its new accelerating program which will focus solely on startups that works on financial technologies (fintech). Three-month program is backed by international finance giants like MasterCard, Lloyds Banking Group and Rabobank. New program comes only two weeks after the launch of Starupbootcamp’s Istanbul program that aims to open up accelerator’s network and operations to MENA.
Named ‘Startupbootcamp FinTech‘, the program is open to applications by early-stage businesses from around the world, who focus mostly on financial technologies such as payment systems. Startupbootcamp will select 10 startups for the scheme and provide them with €15,000 cash, mentoring from industry experts and free office space in the Rainmaking Loft at Tower Bridge, London for a period of 3+1 months.
MasterCard and Lloyds Banking will give the selected startups access to their network of potential pilot customers, industry data, APIs and capital. Start-ups will also be able to get legal advice from law firm MJ Hudson and PR advice from global technology PR firm Clarity PR. At the end of the program, as usual, start-ups will be pitching at an investment Demo Day to more than 150 VCs and investors.
The program kicks off in August, but before that, Startupbootcamp will be holding a series of events in fintech hotspots around the world, including New York, Singapore and Shanghai, under a global innovation program that aims to find and nurture ideas and talents at earlier stage fintech start-ups.
Nektarios Liolios, managing director of Startupbootcamp FinTech, said financial technologies have become the hottest trend in today’s global start-up scene where technology transforms the way financial industry operates. “We want to nurture talent, great ideas and innovation, and for us that also means involving as much of the financial community as possible. That’s why our mentors, investors and partners are made up of individuals from right across the financial services spectrum. We’re excited to get Startupbootcamp FinTech underway with a number of events planned for the first half of the year, all aimed at attracting talent, inspiring innovation and engaging entrepreneurs with the financial services industry” Liolios added.