HK's SuperCharger Fintech accelerator picks 8 finalists

Hong Kong’s homebrew Fintech accelerator program the SuperCharger FinTech Accelerator Program has selected eight finalists from 160 applicants in more than 20 countries.

The finalists will undergo an intensive 12-week program which will help the start-ups in taking a quantum leap to the next level.

The SuperCharger program is jointly supported by Standard Chartered Bank, Baidu and TusPark Global Network. Four of the finalists are in their early stages of development; with the other four being later-stage growth companies.

The program is designed to encourage startups to learn from each other and cross-fertilize through the exchange of ideas and the potential of partnership. The eight finalists include:

Early-stage:

Amareos (Hong Kong) uses artificial intelligence to extract market sentiments daily from global news, blogs and social media.

Funding Societies (Singapore) is a peer-to-peer (P2P) lending platform for small-medium enterprises (SMEs) in Singapore to raise funds for growth, investors to lend for good returns and banks to reach the under-served segment.

Gatecoin (Hong Kong) is a regulated digital currency exchange that offers payment infrastructure as a service leveraging the blockchain.

Neat (Hong Kong) is creating the world’s first artificial intelligence-powered mobile personal financial assistant, to do so they are building Asia’s first mobile branchless bank.

Later-stage:

Eko Financial Services (India) is a peer-to-peer network for payments on the mobile phone, smartphones and feature phones.

Jade Payments (United Arab Emirates/Hong Kong) is a stored value payments solution provider, specializing in integrated closed and open loop solutions.

MicroCred (Hong Kong) is focuses on financial inclusion in China by lending to Micro and SMEs.

WeCash (China) utilizes big data techniques to provide credit scores and suitable financial services to users.

Standard Chartered’s Regional Chief Information Officer for Greater China, North Asia and Hong Kong, Ericson Chan, said the program aims to help startups scale and leapfrog into the next stage of development.

Following a three-month intensive program to be conducted at the TusParkHK Innovation Hub, the finalists will pitch their ideas to the public at a Demo Day to be held on April 8, 2016 in Hong Kong. Selected businesses will be given an opportunity to take part in an international roadshow by Innovate Finance and Digital Finance Institute at the end of the program.

Fintech Innovation

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