AUSTRALIA’S FINTECH ECOSYSTEM WELCOMES TEN NEW STARTUPS AND SCALE UPS.
- Global accelerator works with partners including Bupa, Australian Super, Capgemini, EY and DiUS
- Builds on local success, which has seen Startupbootcamp Australia previously accelerate 17 fintech companies in the past two years, raising close to $30m and saving the financial industry $14m in cost savings
10 fintech startups from 7 countries have been selected to be part of the Startupbootcamp Australia (SBC) 2021 cohort. Over the next 3 months these startups will participate in SBCs intense accelerator program; designed to provide the tools necessary to catalyse the startups from their initial launch to developing a highly scalable business model with solid revenue growth.
After hundreds of hours of reviewing applications and interviewing the brightest minds in fintech, the SBC team has hand picked the top ten fintech startups from around the world. They have been put through numerous rounds of interviews and intense selection processes to determine the quality of their product, their passion as a team and their response in the face of challenge.
SBC's FinTech program has an overarching theme of Financial Health & Wellbeing, characterised by five distinctive sub categories including: InsurTech, Data & Privacy, Superannuation, Future of Finance and Environmental & Social Governance. By adding a sustainability lens to the SBC program, Trevor Townsend, CEO of SBC states that “we’re proud of being able to select ten companies that each in their own way touch upon the United Nations Sustainability Goals. At Startupbootcamp Australia we are committed to working with startups that are mission, as well as profit driven, with our overarching goal of sustainable growth at the heart of everything we do.” Impact focused fintech products are not only answering the demand for more sustainable investment options but they are also an attractive market for investors.
The cohort includes:
- Bereev - A death preparation app that creates a plan to guide loved ones when you’re gone, including organizing your digital life.
- Habidatum - Data based decision making for investors around key investments and insurance risk factors, including climate change.
- Epic Impact - Rewards sustainable shopping by offering customers the opportunity to claim rewards in exchange for shopping at selected ethical brands.
- CertifiedBy - Democratises risk diagnostics, audit automation, quality assurance and certification for startups, SMEs and nonprofits to be certified to global best practice standards.
- GreenGrowth - Brings personalisation to sustainable investing via a mobile app that automatically gives each user a personalised investment portfolio based on the impacts of their lifestyle.
- Merlin - Utilises behavioural psychology to enhance pension contributions based on user spending habits to better promote retailers and saving techniques.
- iPYGG - Provides financial advice and solutions to Gen Z and millennial customers based on unique financial circumstances and goals via open banking.
- Kaira - Enables companies to offer their employees automated financial well-being based on their goals and psychometric profiles, in complete confidentiality.
- Nava Ventures - Offers an ecosystem of impact-focused fintech products for credit unions and community banks to attract and retain millennial members.
- Settlemate - Provides a money management platform that accelerates today's banking experience and enables users to spend, save and invest money.
“This is the third year of our program, which has become one of the world’s most successful fintech programs to date. Every year I am surprised by the passion, drive, and innovation coming from the global fintech ecosystem and this is no exception. I look forward to growing Australia’s fintech ecosystem and creating lasting positive change with this cohort.” says Brian Collins, Fintech Managing Director of Startupbootcamp Australia.
The path to widespread adoption of sustainable financing is enabled when members of the fintech ecosystem come together to drive change and leverage disruptive technologies to better understand, interpret and present non-financial data. Find out more about the selected cohort here.