Ten financial tech start-ups announced by Lloyds-backed Startupbootcamp

Finance startup accelerator Startupbootcamp has announced 10 international startups that will join its programme, including teams from Europe, Africa and the US.

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Finance startup accelerator Startupbootcamp has announced 10 international start ups that will join its programme, including teams from Europe, Africa and the US.

They were chosen by a panel of industry leaders, including representatives from Lloyds Banking Group, MasterCard, Rabobank and SBT Venture Capital.

With a combined €6 million (£4.8 million) in investment already raised between them, 70 percent of the selected start ups are already generating revenue.

From August, the successful startups will benefit from extensive mentorship from 100-plus entrepreneurs, investors and corporate partners, helping to guide them through each of the "shape", "build", and "sell" stages of their development.

As well as access to mentorship, each team will receive €15,000 and over three months’ free office space at Rainmaking Loft, a 10,000 sq ft start up hub in London’s St Katharine Docks.

Partnerships with MasterCard, Lloyds Banking Group, Rabobank and SBT Venture Capital will also provide the Startupbootcamp FinTech finalists with access to pilot customers, industry data, APIs and capital.

After three months of acceleration the 10 teams will be invited to present their companies to 200-plus investors, mentors and partners during a Demo Day. Pitch preparation includes hands-on guidance from investors, and leads into three months of fundraising support.

Nektarios Liolios, managing director at Startupbootcamp FinTech, said: “Over the last five months we’ve scoured the planet for the most interesting, innovative and promising FinTech start-ups.

"We’ve met over 436 start-ups, visited financial hubs across four continents and held 18 different events. We’re confident that the 10 teams selected represent the very best that the financial services and technology industries have to offer.”

Alessandro Hatami, director of digital payments and innovation at Lloyds Banking Group, said: “We’ve met an impressive group of exciting early-stage firms that are not only passionate about changing the world of financial services for the better, but have a genuine focus on delivering real value to customers."

The 10 teams joining the 2014 Startupbootcamp FinTech programme are Creditable, South Africa; Epiphyte, US; FriendlyScore, Poland; Insly, Estonia; InvoiceSharing, The Netherlands; and Liquity, UK - an online marketplace matching buyers and sellers of private company shares.

There is also M-Changa, Kenya; milliPay Systems, Switzerland; Tab, US; and Up Investments, UK - which enables people to find, manage and grow all of their P2P and equity crowdfunded investments through one free and simple platform.

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