African FinTech Startups can now apply for the for 2017 edition of the Global FinTech Hackcelerator under the auspices of KPMG Digital Village.
According to reports, the Global auditing giant is searching for innovative startups from different parts of the world that can find solutions to problems encountered by the financial industry and has drawn up a list of 100 problem statements across three focus areas namely Customer-Facing, Financial Inclusion, and RegTech – and a General category.
20 startups will be selected and they will have the opportunity to:
- Enter and/or expand into Singapore and the Asia-Pacific regional markets
- Receive guidance and support from industry experts, subject-matter experts, and regulatory bodies
- Build and nurture lasting relationships with a community of passionate professionals and game changers
- Receive a cash stipend of up to S$20,000
- A key benefit for the FinTechs’ is that their profiles are enhanced and become more attractive to Venture capitalists and other investors
Importantly, the top 3 teams will receive an additional cash prize of S$50,000.
Application timeline
- Applications opened on 15th June and will close on July 15th.
- Starting 28th August 2017, the 20 successful start-ups will spend 12 weeks contextualising and enhancing their prototype/solution, with mentoring and guidance from industry champions and real business sponsors.
- At the end of the 12 weeks, the startups will demo their solution on the main stage of the FinTech Conference at the Singapore FinTech Festival on November 16, 2017.
- Post Hackcelerator: Teams will work with industry champions to plan for actual adoption and integration of their solutions into a real client context.
Interested FinTech Startups can apply here.
