After three months of intensive scouting and talent searching, the team for 2018’s LatAm Startupbootcamp Fintech, which will take place in Mexico City, has been revealed.
10 startups across six different countries have been chosen to participate, having attended selection days run by Startupbootcamp Fintech – in association with impact organisation Finnovista – in cities across Latin America.
The intensive three month acceleration programme is designed to support innovative financial services startups and offer mentorship from experienced experts, along with access to a network of investors from across the fintech industry.
This year, Startupbootcamp Fintech and Startupbootcamp Scale have also gained a new investment partner, Latinia, an independent software vendor that specializes in infrastructure product development.
According to a press release by Finnovista, this year’s lucky startups represent a new era of fintech-based thought, offering unprecedented technological solutions, financial services and products focusing on areas from accounting, to savings, neobanking and payroll loans.
The companies hail from a range of countries, including Chile’s Plataforma Latam, Costa Rica’s Fintech Latin America, Ecuador’s Luz Verde, Peru’s Tasa Top, Uruguay’s Qualia and Mexico’s Hurra, DevBlocks, Seif, Sin Conta and Tu Identidad.
“We are proud to have found out about so many startups during our competition and to have seen first hand the evolution of the ecosystem in Latin America,” commented Eduardo Morelos, director of Startupbootcamp Fintech Latin America.
“Payment solutions and credits are still a majority, but we have noted a large move towards solutions that increase competitivity in the industry: a focus that, without a doubt, impacts the economic development of the region,” he added.
The programme begins on August 20 and participants will work from the Finnovista LOFT in Mexico’s capital city, receiving US $16,500 in cash to cover their living expenses.
At the end of the three months, teams will be given the opportunity to present their projects to over 400 investors and industry experts in what is known as ‘Demo Day’ in November.
Graduation from the programme also allows the startups to become part of the Startupbootcamp Global Alumni community, which offers further opportunities for growth and support.
Startupbootcamp offers acceleration programmes in Mexico, London and Mumbai for early stage financial technology companies.