NOTE: The application to FINNOSUMMIT Challenge is now closed
The banking and the insurance sector are reinventing themselves. A large part of this reinvention is down to Fintech startups who via technological innovations, are transforming the South American financial services market as we know it, making it more inclusive, fairer and innovative while also improving the user experience.
At Finnovista we want to support the most transformative startups during the launch of their projects. For this reason we have organized a top tier competition, in which we are seeking the most promising and innovative projects throughout South America. We aim to help propel these projects to new levels so that they can revolutionize the financial services industry in the region.
AboutFINNOSUMMIT Challenge is a competition that looks for promising startups in South America with the potential to transform the regional financial services industry. Its main objective is to promote Fintech entrepreneurship in the region and to help both finalists and competition winners reach the next level of development, giving them visibility, specialized mentoring, greater access to funding and partnerships with industry players, in addition to the opportunity to participate in the world’s biggest Fintech launch platform: Startupbootcamp Fintech
FINNOSUMMIT Challenge is a unique occasion for Fintech startups, because both finalists and winners will be able to participate in activities organized by Startupbootcamp Fintech on a regional and global level, in addition to participating in the regions biggest Fintech forum, FINNOSUMMIT, where more than 300 Fintech innovators will discuss and debate new technologies and frameworks that will transform the industry. FINNOSUMMIT Challenge invites South American Fintech startups in the Fintech Banking and Fintech Insurance categories to apply to what is a pioneering competition in the region.
Who can apply to this top tier competition? From September 29th to November 18th, all startups or entrepreneurial initiatives from South America that offer products or services based on the use of new technologies, and belong to either of the two categories of the competition will be elegible:
Fintech Banking: Those projects offering an innovative solution or service within the area of financial services. Included within this category the following segments: retail banking, corporate banking, payments methods, asset management and capital markets.
Fintech Insurance: Those Fintech startups focused on offering an innovative solution or service within the scope of Insurance.
We encourage you to apply by November 18th and propel your project with FINNOSUMMIT Challenge!
You can check the rules of the competition in the following link: (Download rules in PDF)
PrizeThe finalists will be selected from among the applicants and will have access to the following prizes:
- Participate in the Fintech Crash Day, a Fintech immersion and training day lead by Startupbootcamp Fintech. the world’s most prestigious Fintech accelerator. The day comprises several coaching and mentoring sessions conducted by leading industry executives, Fintech entrepreneurs and investors.
- Two VIP tickets to attend the leading Fintech conference in Latin America, FINNOSUMMIT in February 2016, including access to a VIP dinner before the event. FINNOSUMMIT brings together the principal players from across the regional Fintech spectrum from financial institutions to Fintech entrepreneurs, investors and accelerators.
- Startupbootcamp Fintech Fast Track: opportunity to participate in a Startupbootcamp Fintech Selection Day where the 10 Fintech startups that will enter the acceleration program are selected. If they are chosen by the Startupbootcamp team on Selection Day they can enter the Startupbootcamp Fintech acceleration program in London or New York where they will receive and investment of 15,000 EUR, free working space for four months, access to a network of over 400 mentors and visibility to over 200 VC and angel investors.
- The winners will also obtain a membership to the BizSpark Plus programme of Microsoft that offers software services, tech support and Azure cloud to the startups for a value of up to 120,000 USD as well as three hours of mentoring with Microsoft executives.
FinalistsFrom 100 applicants, we have selected these participants. Learn more about:Network of Informal Advisors (“IAs”) that leverages the trust existing in personal networks, enabled by our online platform.Andy ya viene revolucionando el acceso a préstamos personales online ofreciendo los servicios financieros más rápidos e innovadores del Perú.Homeparte es una plataforma de Crowdfunding Inmobiliario donde puedes invertir en finca raíz sin endeudarte.Marketplace has a different investment option and financing without intermediation of the financial systemLa Vaquinha permite repartir los costos de los planes con tus amigos müüücho más fácil, rápido y justo.Servicio de administración financiera para pymes y emprendedores con facturación electrónica opcional. Gana Tiempo y TranquilidadQuotanda es una plataforma que provee servicios de gestión de préstamos estudiantiles a bancos, universidades y fundaciones.
FinalThe competition final will take place at the FINNOSUMMIT conference being held in Bogota this coming February 2016. The selected finalists will pitch their projects to a jury comprised of leading Fintech entrepreneurship experts and financial industry executives (4 votes) and the event attendees (one vote).
FINNOSUMMIT is the leading international conference dealing in collaborative innovation in financial services and the future of the industry in Latin America. The success of the most recent edition of the event in Mexico and two previous editions in Colombia, attended by more than 900 people in total, mean the event has already positioned itself as the leading Fintech conference throughout the region.
ContactNeed help? If you are a startup or an entrepreneur and you have any questions with regard to FINNOSUMMIT Challenge, you can contact Paula, our Startup Competition & Acceleration Manager (firstname.lastname@example.org)