Winds Of Change In The FinTech & CyberSecurity Space

Winds Of Change In The FinTech & CyberSecurity Space

09-Feb-2018

12 Startupbootcamp FinTech & CyberSecurity Teams Celebrate Their Demo Day

Amsterdam, 9 February 2018 – Yesterday, Startupbootcamp FinTech & CyberSecurity – the first global growth program focusing on FinTech and CyberSecurity, hosted their second Demo Day at Rabobank Headquarters in Utrecht. 11 international startups and 1 scale-up showcased their innovative ideas in front of 400+ startup and tech influencers, mentors, partners, and investors.

 

The journey of the 12 teams started in September when they were selected out of more than 500 applicants from 73 countries. The companies then went through an intense 3-months growth program in Amsterdam, starting off on 30th of October 2017.

 

New partnerships and milestones were announced by a number of startups, including more than 2.5 million euros of combined investments already committed so far. Throughout the program, the teams were mentored by a network of leading entrepreneurs, top executives, and investors, and received support from Startupbootcamp partners, such as Rabobank, ING, ABN AMRO, Moneyou, PGGM, De Volksbank, Achmea, Nationale Nederlanden, PwC, Vivat, Capgemini, Comsec, and de Nationale Politie.

 

The startups and scaleups cover various aspects of services and verticals, ranging from Pension Tech, Customer Loyalty, Challenger Banks, Financial Well-Being, to BlockChain, and CyberSecurity. These technologies cover major elements of the future of the financial services industry.

 

Michael Dooijes, Managing Director of the FinTech & CyberSecurity program commented: “Both FinTech and CyberSecurity are the hottest areas of startup innovation and investor focus. They are at the heart of huge industries, which will transform in the coming years, and we are all a part of that. The teams have made a huge progress in the past 3 months. It has been an exciting ride to watch them sign new partners and new customers. Some of them have already raised a significant investment. We deeply believe in the transformative power these startups have.”

According to the startups, the Startupbootcamp network gave them an opportunity to accelerate and collaborate with some of the corporate leaders in their industry:

“The great Startupbootcamp ecosystem helps us to scale up in a market that is evolving. It brings you in contact with the right people within big corporates.” (FINBASE, NETHERLANDS)

“Startupbootcamp was a great opportunity to connect with large corporations that have an interest in innovation and working with startups. Being able to reach so many companies in a short time was invaluable and allowed us to hone our product and strategy.” (GYOMO, USA)

“It’s a bubble. Moving to Amsterdam and be engaged with your own business 24/7 is a great experience. Startupbootcamp facilitates an environment where you can meet experienced entrepreneurs and interesting corporates. KlippaCast just completed a €100k Leapfunder campaign, within 3 weeks.” (KLIPPACAST, NETHERLANDS)

The startups will now put their names in the spotlight of the FinTech and CyberSecurity sector and continue to be supported by the Startupbootcamp Global Alumni growth program, which connects close to 600 startups worldwide.

 

Now it is time for these new ventures to continue to capitalize on the exposure of their Demo Day, validate their business models and execute their growth plans by working closely with their stakeholders.

 

Meet the Teams:

Dolphin Blockchain Intelligence (Russia) ICO database and analysis platform to support investors in making quick and informed decisions. INSIGHT: Received a lot of traction amongst private investors, funds, and corporates in the Netherlands.

FinCom (Israel) A developed proprietary technology that ensures compliance for KYC, AML & GDPR privacy by using phonetics and AI to match entries across any database even if misspelled and in 23 different languages. INSIGHT: Developed the only technology in the world based upon phonetics which enables to combine databases, match entries across languages and eliminate human error.

Gyomo (USA) Gyomo utilizes just-in-time training, that combines machine learning, gamification, and crowdsourcing to deliver training right when people need it most – when they’ve clicked on a suspicious link. INSIGHT: Through the SBC partner connections with companies like Vivat, Rabobank, PGGM, de Volksbank, Capgemini and ABN Amro, Gyomo was able to learn more about the Dutch market. The big difference is that the US market is more interested in security over the product.

Hatch (Great Britain) A Smart Financial Platform for the Self-employed with credit scoring at its core and a banking experience that feels more like Facebook. INSIGHT: Being in such close proximity to a perfect crop of potential partners from the likes of ABN Amro to Capgemini has been invaluable for both validation and expediting traction.

KlippaCast (Netherlands) Solving the paper receipt chaos. Unlocking data potential and making administration seamless. INSIGHT: Just completed a successful 100k euros Leapfunder funding campaign within 3 weeks.

OpSeeker (Spain) An online financial coach that empowers young people to have money for a lifetime. INSIGHT: They are signing agreements with two of the largest financial institutions in the Netherlands (Vivat and Rabobank) and have been able to meet with another handful of them during the program.

Penstable (Denmark) Offers Europe’s first pension alternatives exclusively based on sustainable investments. INSIGHT: Collaborated with some of the leading pension and insurance companies in Europe on creating an engaging and interesting digital experience for pension customers.

Stampwallet (Curacao, NL) We make your loyals feel like royals and help you gain access to real-time insights and data through our loyalty transaction platform for B2B and B2C. INSIGHT: Signed agreements with 3 big companies during the program and working on partnerships with established names in the Netherlands.

Treasury Delta (Ireland) A lead generating platform for commercial banks to grow their domestic market share and penetrate new markets. INSIGHT: Successfully put in place a number of commercial agreements to refine the value proposition and product offering for both banks and corporates.

Vision Tech Lab (Portugal) Distributed deception platform that identifies internal attackers and inhibits their methods using powerful AI technology. INSIGHT: Awarded a certificate of excellence by the European Commission, and now working with Dutch banks and insurance companies to develop pilots to integrate into their security policies.

Westgate (Great Britain) Virtual networks which are incredibly simple to setup and tear down, allowing organizations to collaborate efficiently and securely with minimal hassle. INSIGHT: Collaborating with the corporate partners on a workshop, and now looking at how their technology can support one of the largest fintech hackathons in the Netherlands later this year.

FinBase, MijnGeldzaken.nl (Scale-Up, Netherlands) Helping employees and consumers understand their personal finances so they can make well-informed decisions in private life and career. INSIGHT: Winner of several awards, mentioned in a number of corporate labor agreements.

-Ends-

Notes For Editors

For more information about this press release, contact:

Eva Bandelj eva.bandelj@startupbootcamp.org

 

Images, Logos, and Dutch & English version of the press release:

Dropbox

 

About Startupbootcamp FinTech & CyberSecurity

Launched in 2016 in Amsterdam, Startupbootcamp FinTech & CyberSecurity is a leading global growth program focused on the innovation in the FinTech and CyberSecurity industry. Supported by a strong network of major banks, leading financial services and insurtech partners, as well as an extensive mentor and alumni group from all over the world, Startupbootcamp FinTech & CyberSecurity is a part of the global award-winning Startupbootcamp, a network of industry-focused growth programs. For more information visit here

Twitter: @SbcFinTechCyber

Facebook: https://www.facebook.com/sbcAMS/

 

About Startupbootcamp

Founded in 2010, Startupbootcamp is the world’s leading network of 20+ industry-focused innovation programs present across 6 continents with locations including San Francisco, London, Amsterdam, Berlin, Chengdu, Melbourne, Cape Town, Mumbai, and Mexico City. We support companies with direct access to an international network of the most relevant mentors, partners and investors to help them scale. For more information visit: http://www.startupbootcamp.org