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Hong Kong's SuperCharger to help FinTech startups grow

Nurdianah Md Nur | Jan. 19, 2016
The programme aims to co-create the future of financial services with technopreneurs at the intersection of finance and technology.


Screenshot of the SuperCharger FinTech accelerator programme logo.

Hong Kong's SuperCharger FinTech accelerator programme (SuperCharger) has announced the eight startups that will be participating in an intensive 12-week programme to take their business ideas to the next level.  

The SuperCharger is a partnership between Standard Chartered Bank (Hong Kong), technology giant Baidu, and technology and innovation hub TusPark Global Network. It aims to support FinTech startups so as to "co-create the future of financial services, with technopreneurs at the intersection of finance and technology," said Ericson Chan, Standard Chartered's Regional Chief Information Officer for Greater China, North Asia and Hong Kong.

The eight finalists were selected from the 160 applications received from more than 20 countries. Four of them are in their early stages of development, while the other four fall under the later-stage growth companies. The finalists include:

Early-stage:

  • Amareos (Hong Kong),which uses artificial intelligence to extract market sentiments daily from global news, blogs and social media.
  • Funding Societies (Singapore), a peer-to-peer (P2P) lending platform for small-medium enterprises (SMEs) in Singapore to raise funds for growth, investors to lend for good returns and banks to reach the under-served segment.
  • Gatecoin(Hong Kong), a regulated digital currency exchange that offers payment infrastructure as a service leveraging the blockchain.
  • Neat (Hong Kong), whichis creating an artificial intelligence-powered mobile personal financial assistant.

Later-stage:

  • Eko Financial Services (India),a peer-to-peer network for payments on the mobile phone, smartphones and feature phones.
  • Jade Payments(United Arab Emirates/ Hong Kong), which is a stored value payments solution provider specialising in integrated closed and open loop solutions.
  • MicroCred (Hong Kong), which focuses on financial inclusion in China by lending to Micro and SMEs.
  • WeCash (China), whichutilises big data techniques to provide credit scores and suitable financial services to users.

These startups will be based at the TusParkHK Innovation Hub in Hong Kong during the SuperCharger programme, which will commence in April 2016. They will receive coaching and mentoring from technopreneurs, Baidu's technologists, Standard Chartered's bankers as well as venture capitalists and industry experts to refine their business model, develop market entry strategies, navigate the regulatory landscape and identify joint ventures opportunities. Besides that, the startups will be encouraged to learn from each other, and cross-fertilise through the exchange of ideas and the potential of partnership.

On 8 April 2016, all eight startups will pitch their improved or new business ideas to the public at the Demo Day in Hong Kong. Selected startups will also be given an opportunity to take part in an international roadshow by Innovate Finance and Digital Finance Institute at the end of the 12-week SuperCharger programme.

 

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