Finnovista’s Startupbootcamp FinTech program announced its third generation and last generation. This acceleration program will bring together ten Latin American startups in Mexico City. This program is the only Startupbootcamp for Latin America, developed and promoted by Finnovista.
In the management and execution of the previous two generations, Finnovista led alumni startups to consolidate their business for over three months. During that time, the ten selected projects of that year represented the last generation of the FinTech Startupbootcamp cycle in Mexico City.
The last generation selection process lasted four months. At that time, the program team chose the best Fintech talent at an early stage in the entire region. A total of 296 startups presented their projects during that time. Of all the participants, the Finnovista team convened the 20 best ideas to be displayed in the past days from September 17 to 19 to an event called Selection Days.
More than 60 mentors from the Finnovista network selected ten projects of this new generation, as well as representatives of the program’s corporate partners. Among the coaches, there were essential executives from companies such as Visa, Scotiabank, HSBC Mexico, Banregio, IGNIA, Latinia, Fiinlab powered by Gentera, EY Mexico, and White & Case. The projects come from Mexico, Costa Rica, Peru and Chile, and are specialized in segments such as payments, insurance, financial inclusion and education, and fraud prevention.
Starting October 21, Startupbootcamp FinTech will boost these startups for three months. Each will receive USD 16,500 in cash and will be located at Finnovista LOFT, the FinTech collaboration center in the heart of Mexico City.
Visibility to the ecosystem
At the end of the program, teams will have the opportunity to present their projects at the Demo Day, an event attended by more than 400 investors and will take place in January.
These are the ten startups that will make up this new generation of Startupbootcamp FinTech:
- Alfi (Peru): Mobile gaming application in financial education that adapts to the tastes and preferences of the user through real information.
- Atrato Pago (Mexico): Financing program focused on health care expenses.
- Contalink (Mexico): Software service (SAAS) to help accountants reduce costs and generate new sources of revenue.
- Flotify (Mexico): Multicotizer and digital insurance manager for fleets.
- Hubex (Costa Rica): IT company specialized in artificial intelligence to create customized products and solutions to simplify manual processes in financial institutions.
- Inverkids (Mexico): Financial education program for children and young people that takes advantage of a digital platform and educational components.
- Lisa Insurtech (Chile): This technological platform automates the processing of settlements and payments of claims reimbursements, through blockchain and Artificial Intelligence, to insurance companies.
- Smart Beta Fix (Mexico): Collection management based on CoDi.
- Scorce (Mexico): Automated fraud prevention engine designed to analyze the veracity of an email.
- Valepay (Mexico): Digitalization of payroll vouchers for use in electronic commerce.
With three generations, Finnovista stresses that the Startupbootcamp program has been a major and definitive boost to the Fintech entrepreneurial ecosystem in Mexico and Latin America.
For Finnovista, the new edition of Startupbootcamp FinTech consolidates a commitment to the entrepreneurial ecosystem in financial innovation in Latin America and the commitment to transform the financial industry that this institution has.