Singapore (April 10, 2015) – The Co-Foundry (TCF), a venture accelerator in Singapore and Plug and Play(PnP), a global accelerator based in Silicon Valley launches a new initiative TCF-PnP Program: Fintech Call 2015, focusing at incubating Fintech startups in the region. This program follows the successful deployment of the US-Singapore Multi-Stage Accelerator Program, which launched in December 2014. Partnering with the top global FX broker service provider, OANDA Asia Pacific and local VC and PE firm in Singapore, BlueHill Asset Management, the TCF-PnP Program: Fintech Call 2015 combines the best of the startup ecosystem with industry to propel fintech startups in reaching their full potential.
“With more than 600 financial institutions in Singapore, the financial services industry is a significant contributor to the economy and has established Singapore as the unrivalled ﬁnancial hub in Southeast Asia. Strong supporters of the FinTech space, we are very excited about our partnership with The Co-Foundry, Plug & Play and OANDA to find some of the most promising start-ups in the region.”, said Vicknesh R Pillay, Managing Director of BlueHill Asset Management and one of Lead Mentors on the TCF-PnP: FinTech Call panel.
This is the first joint collaboration of its kind coming out of Asia that enables pre-seed and seed fintech startups to gain exclusive access to two leading accelerators and entities with fintech expertise.
The Program aims to be highly flexible and bespoke, spanning from 6-12 months depending on the stage of the startup, with funding support ranging from pre-seed (up to $200k) and seed (up to $1mil). Startups are given the option to start in Singapore or Silicon Valley depending on their target market, and do an exchange to the other accelerator if they are keen.
“This Program aims to provide promising fintech startups with ‘unfair’ advantage. Selected startups would be accelerated in both Singapore and Silicon Valley; and the opportunities to call upon the support of innovation leaders such as OANDA “, said Michael Yap, head of The Co-Foundry.
“Plug and Play is excited to offer selected startups unparalleled access to our global network of partners, investors and mentors. As early stage investors of Lending Club (NYSE: LC), a company that has redefined the banking industry, we are looking forward to accelerating the success of many more FinTech startups from Asia”, said Jupe Tan, head of Plug & Play International.
Unique features of the Program include:
– Infrastructure support (office space, amenities, corporate services) in Singapore and Silicon Valley
– Exclusive access to business & tech mentorship from TCF, PnP, OANDA and BlueHill
– Opportunities to participate in networking events and ideation workshops
– Privileged insight and access to OANDA API
“OANDA is a company driven by innovation, and we are very excited to be able to be part of this Program. Through our freely available APIs, we hope bring together entrepreneurs – developers, designers, and other innovative and creative technologists – to build new and inventive FinTech products for retail and institutional customers”, said Rajesh, Managing Director and CEO of OANDA APAC.
Applications are now open, with the first round closing on April 30
For more information, visit http://theco-foundry.com/fintechcall2015/
BlueHill Asset Management Pte. Ltd.
BlueHill Asset Management provides bespoke and discreet sourcing services for project financing, venture capital and private equity investments. We also invest and partner with a number of large corporations, institutional investors, private equity and venture capital firms as well as high net worth individuals to create superior and sustainable returns. We support bold, passionate entrepreneurs with strong management teams to create value, strengthen their businesses and build great companies.
For more information, visit http://www.bluehill.com.sg/
OANDA Asia Pacific Pte. Ltd.
OANDA uses innovative computer and financial technology to provide Internet-based forex trading and currency information services to everyone, from individuals to large corporations, from portfolio managers to financial institutions. OANDA is a market maker and a trusted source for currency data. It has access to one of the world’s largest historical, high frequency, filtered currency databases.
For more information, visit http://www.oanda.sg/
The Co-Foundry is company with a team of passionate individuals who have come together on a mission to help build valuable startups. The team has the experience in founding startups and also has a deep appreciation of the challenges of building viable businesses under extreme uncertainties.
For more information, visit http://theco-foundry.com/
Plug and Play
Plug and Play Tech Center is a global investor and technology accelerator that specializes in growing tech startups. Headquartered in Sunnyvale California, Plug and Play’s network includes over 300 tech startups, 180 investors, and a community of leading Universities and corporate partners.
For more information, visit http://www.plugandplaytechcenter.com/
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