New era for Startupbootcamp FinTech in Latin America: added a new investment partner and picked its second cohort

New era for Startupbootcamp FinTech in Latin America: added a new investment partner and picked its second cohort

20-Jul-2018

After an exhaustive scouting and selection process, we just announced our new cohort of startups, and if that was not enough, a new investment partner joined our program: Latinia

We never get tired of talking about our three-month scouting effort to look for the best FinTech talent throughout Latin America. After having visited 11 cities and receiving more that 175 applications to our FastTrack tour, we finally invited the 20 best startups to our Selection Days.

On July 16th to 18th, our den got full of FinTech innovation and collaboration. A group from diverse nationalities and accents coexisted in Finnovista LOFT, and at the end of our Selection Days, we cheerfully announced our second batch.

Entrepreneurs from Argentina, Costa Rica, Ecuador, Guatemala, Mexico, Nicaragua, Panama, Peru, United States and Uruguay were part of Selection Days 2018.

Our celebration was accompanied by the recent addition of Latinia as a new investment partner of the two Startupbootcamp in Latin America: Startupbootcamp Fintech and Startupbootcamp Scale. Latinia is a software company specialized in software infraestructure for multichannel notifications based on asynchronous messaging.

And without doubt, both news, create a new era for us.

The new cohort shows that we are reaching a new stage for FinTech in the region, in which a diversity of sub-sectors of the industry and the prevalence of enterprise solutions for financial institutions, are strong trends across the ecosystem.

The selected projects are from Chile, Costa Rica, Ecuador, Mexico, Peru and Uruguay, and specialize in the optimization of financial services for companies and users; from accounting, savings, payroll loans, remittances, to neobanking solutions for financial institutions.

Our Program Director, Eduardo Morelos, says:

“We are extremely proud to have connected with so many startups during our applications process and watch the evolution of the ecosystem in Latin America. Payment and credit solutions remain the largest segments, but we now see a great leap forward in solutions that increase the competitiveness of businesses and the financial industry: that will undoubtedly impact the economic development of the region,” says Eduardo Morelos, Program Director of Startupbootcamp FinTech Mexico City.

Congratulations to the selected teams! This acceleration “party” is just beginning!

DevBlocks (Mexico): Automatic pilot of accounts receivable and payable..

FinTech Latin America (Costa Rica): Neobanking solution for financial institutions.

Hurra (Mexico): Digital payroll loans platform.

Luz Verde (Ecuador): Company for credit management for the retail sector.

Plataforma Latam  (Chile): The platform uses cryptocurrency to send cash through Latin America for the unbanked.

Qualia (Uruguay): Through their Prometeo solution, they provide standardized APIs to communicate with financial institutions.

Seif (Mexico): Web platform that uses smart contracts to secure transactions and payments.

Sin Conta (Mexico): Digital tool for automating accounting processes for independent contractors.

Tasa Top (Peru): First savings marketplace in Latin America. Through Tasa Top people and companies are connected with financial institutions through auctions and differentiated products.

Tu Identidad (Mexico): Provider of integral identification and KYC solutions to manage risks associated with the people they do business with.

Startupbootcamp FinTech will boost these startups for three months through its program that will start on August 20th. The teams will be located in Finnovista LOFT, the FinTech collaboration center in the heart of Mexico City and will receive USD 16,500 in cash for living expenses. At the end of the program, the teams will present their projects to more than 400 investors and industry experts to raise capital and grow their businesses at Demo Day, the program ending event that will take place in November.

After graduating, startups will continue to be supported by the Startupbootcamp Global Alumni growth program.