Startupbootcamp Fintech Demo Day 2019
Startupbootcamp’s fintech accelerator wrapped up on 29 August with a Demo Day, titled ‘The New Financial Horizon’, at the Forum Melbourne. The showcase marked the end of the three-month-long program for the 10 participating startups.
The teams pitched to a room of 350+ partners, mentors, investors, industry experts and guests — presenting their progress over the duration of the accelerator and their plans moving forward.
All ten fintechs focused on addressing areas relating to financial inclusion, such as customer centricity, open banking, and asset and wealth management. Two of the ten teams are considered scaleups with valuations exceeding $10M AUD.
Demo Day Guest Speakers
The Demo Day opened with Assistant Fintech Minister, Senator Jane Hume, welcoming guests to the event. She shared her experience working with startups and their role in the fintech industry post-Royal Commission.
A series of Startupbootcamp’s corporate partners, including Jonathan Davey of NAB, Dwayne Crombie of Bupa, Rebecca Schot-Guppy of FinTech Australia, and Chris Holtby of the UK Department for International Trade, introduced each of the fintechs.
Program Success Stories
“With all companies post revenue and showcasing significant traction even before entering the program while disrupting the fintech sector across numerous verticals, this cohort has impressed us from beginning to end,” said Trevor Townsend, CEO of Startupbootcamp Australia.
“We are all excited to see these teams launch their businesses and continue working with some of the most influential corporates in Australia.”
Brian Collins, Managing Director of Startupbootcamp FinTech Australia said, “With this cohort Melbourne has truly showed why it is one of the most effective fintech ecosystems on the globe. With the support of our corporate partners and mentors these 10 companies were able to get over 20 signed commercial agreements in only three months, with many of the teams exploring investment to scale their teams even further. It is a testament to the powerful community the companies were able to engage with from day one.”
SBC’s First Fintech Cohort
Startupbootcamp’s inaugural fintech program included:
ZScore Technologies: an AI-powered platform that enables organisations to understand and extract value from their data through advanced data profiling.
Emotics: a RegTech company that analyses user engagement with online compliance training, using a suite of analytics, including facial recognition and facial micro-expression analysis.
ChintaMoney: a mobile app that digitises Jam Jar budgeting, which allows users to split their income into different categories (bills, travel, savings, etc) for better financial health.
ZigWay: a mobile app that helps low income families access nano loans of less than $200 quickly and cheaply.
InsureVite: a NLP chatbot that includes advanced features, like smart contracts and optical image processing, for applications in industries like insurance, banking, e-commerce, and airlines.
TradingValley: a wealth management solution powered by machine learning that helps users build the right investment portfolio to suit their life needs.
InfoVera: an online marketplace that gives business owners an industry benchmark score and recommendations to increase the value of their company.
Youthful Savings: a learning marketplace that empowers the next generation with the tools of financial education and entrepreneurship necessary to thrive.
Pencil: an application management system that allows businesses to easily submit credit applications digitally by auto collating an accurate ASIC-verified business record for immediate approvals.
Fractal: an API suite that provides a data aggregation and intelligence platform where banks and other financial institutions can provide value adding services to SMEs.
YBF Ventures is a proud partner of Startupbootcamp, alongside NAB, Bupa, AustralianSuper, Capgemini, Deloitte, DiUS, KHQ Lawyers, Pitcher Partners, Stripe, Amazon Web Services, and the Victorian and Australian Governments.
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