Nine up-and-coming fintech startups to watch (and Lloyds thinks so too)
A handful of startups from around the world are hoping to disrupt the big banks with new innovations after being chosen as ones to watch in the world of fintech by one of London's top accelerators and top global businesses.
Startupbootcamp's fintech programme, backed by the likes of Lloyds and PwC, have chosen nine new up-and-coming early stage fintech businesses from around the world to be hot-housed in London.
A challenger bank breaking down country barriers for EU citizens, a startup ensuring mobile messaging is compliant with financial rules and a blockchain platform for peer-to-peer contracts are just some of the chosen startups.
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“As always being a part of Startupbootcamp’s Selection Days is hugely exciting; we are meeting FinTechs who are passionate about delivering new and valuable services for customers," said Lloyds' head of fintech Han Veldwijk.
"We’ve experienced great success recently through collaboration with Startupbootcamp’s alumni WoraPay and hope to identify more opportunities as the programme progresses with the new cohort.”
The nine, listed below, will join the three month programme after being chosen from among the 350 startups from 61 countries which applied.
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Rabobank, Mastercard, arvato Financial Solutions, Intesa Sanpaolo and Route 66 Ventures will also work with the startups, alongside Lloyds and PwC, offering mentorship, industry insight and access to APIs.
1. Enterprise Bot
Provide banks with a powerful AI-powered customer relationship tool to enhance customer experience. The multi platform messenger takes care of a wide range of customer needs and queries for call centres reducing costs by 85 per cent and wait time by 90-95 per cent.
A Pan-European mobile bank offering easy bank account opening and financial transactions, multilingual interfaces and a unique and free remittance service to the millions of Europeans working in a different country than their own.
Solves the complex problem of mobile compliance for regulated institutions, with a core focus on monitoring and archival of instant messaging apps such as Whatsapp and WeChat. It allows clients to choose their preferred set of mobile messaging apps for business communication, while remaining compliant with regulation, avoiding substantial non-compliance fines.
By analysing transactional and recurrent service providers data such as utilities, broadband and cable from its users, moBILLity lets them to switch providers in one click and realise significant saving which they would never access otherwise.
Monuva is an all in one cash management platform for small businesses. The platform allows them to not only see and manage their multiple accounts in one single place but also gives them the tools to offer their own clients flexible ways to get paid in multiple countries and currencies.
6. Penta Bank
Penta is a bank that redefines small business banking by empowering them to do more through software, a fast online service and a great user experience.
Trakti is a p2p platform facilitating procurement, sourcing and sales with dynamic, personalised negotiations and contracts registered in the blockchain.
8. Zenith One
Zenith One gives financial advisors the technology they need to acquire, onboard and advise clients cheaply and efficiently, with state of the art user experience.
Zeroflows enables asset managers to access first hand information and hard to find liquidity in emerging and frontier stock markets.