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Standard Chartered and SuperCharger on the hunt for fintech startups

Adrian M. Reodique | Sept. 20, 2016
They are particularly interested in companies dealing with supply chain and trade finance, wealth management, cross-border Renminbi, AI, distributed ledger technologies, and mobile and cloud technology.

Standard Chartered Bank and SuperCharger Limited are calling for financial technology (fintech) start-ups and scale-ups to join the second round of its accelerator programme.

The SuperCharger FinTech Accelerator 2.0 is a 12-week programme aimed to help companies expand their businesses in Asia. Participants will be mentored by industry experts, as well as given access to market entry resources and opportunities for joint-ventures.

"SuperCharger FinTech Accelerator 2.0 is designed for entrepreneurs to explore and seek expert advice on every aspect of the journey to become successful internationally," said Shameek Kundu, Chief Data Officer of Standard Chartered, in a press release.

In particular, the selection panel will look out for companies that have "innovative" solutions for supply chain and trade finance, wealth management, cross-border Renminbi, artificial intelligence (AI), distributed ledger technologies (DLTs), and mobile and cloud technology.

The first round of the programme was launched in January 2016. One of the participants, MicroCred secured US$71 million capital investment for its expansion in China and development of their internet finance strategy.

"SuperCharger FinTech Accelerator has created tremendous networking and collaboration opportunities for MicroCred China by putting us in front of FinTech and venture capital communities. With the right platform for us to fine-tune our strategy and develop our P2P business models, we were able to secure concrete corporate partnerships that will help our company achieve our next stage of growth," said Arnaud Ventura, Founder and CEO of MicroCred.

The programme has also helped Funding Societies raised US$7.5 million from Sequoia Capital to build a peer-to-peer (P2P) lending platform. Partnerships were also formed between Amareos and Thomson Reuters to combine technology and data to facilitate the investment decisions of their clients on a financial application, as well as, with MicroCred and startup, Gatecoin, to allow the latter scale up beyond Asia into Africa.

Interested startups can register their interest on www.fintechsupercharger.com from now till 20 October 2016. The programme will commence on 9 January 2017, and conclude in April 2017 with a demo day in Hong Kong. 

 

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