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Oct
30
2018

The second Startup Wise Guys fintech batch announced

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The B2B startup accelerator has announced the teams participating in their second-ever fintech batch, in collaboration with Swedbank.

9 startups from 9 countries have been selected to participate in the second batch of the Startup Wise Guys fintech accelerator. They were wittled down from 200 applicants in total. They will be spending the next 3 months at the Swedbank DoBe coworking space for an intensive acceleration program, will receive 30,000 EUR in investment as well as the possibility of follow-on investment. 

If the previous fintech batch consisted of mostly payments and mobile wallets, this time the fintech borders are being pushed to their limits to include rejected loan applications, GDPR requests, digital escrow services and even warning services that detect lightning. 

In addition to participants from the Baltic countries, the accelerator is joined by teams from a wide variety of origin countries, including countries that are represented in the accelerator for the first time - the UK, US, and even Ghana. 

Here are the teams participating:

  • Credit Click (Kazakhstan) - mortgage management platform connecting companies with clients and banks.
  • Firstline.app (Estonia/Russia) - a secure digital courier to move confidential data where both ends are verified and only intended receiver can access information.
  • iklim (Estonia/Turkey) - early warning service that detects lightning, hail, and thunderstorms as they are approaching you.
  • Lahdes (Latvia) - an encrypted white label digital safety deposit box which provides partner organization’s end users with ability to digitally deposit, store and transfer their information inside a highly secure environment.
  • Ninja Lender (Ukraine) - exchange of rejected loan applications for banks and lending companies.
  • Partly (Latvia) - Tinderizing on-demand jobs.
  • Paylock (Ghana) - a digital escrow-as-a-service platform that helps international buyers/sellers and African importers/exporters to secure their funds and transact business in total confidence, knowing their funds are safe until all obligations of a transaction are met.
  • talent4gig (Switzerland/USA and Italy) - creating a future workforce model that allows companies to seamlessly access an on-demand, global talent pool to take advantage of growth opportunities.
  • TradersAlloy (Sweden/UK) - helps retail investors make data-driven decisions; beautifully visualized.

Very often a major quality that interests non-EU teams is the ability to access connections and opportunities in the EU market. The Baltics serve as a gateway to the EU and provide a springboard for non-EU startups to start to develop necessary networks to successfully enter the market. 

These are the teams of the second Fintech accelerator that for the upcoming three months will be working on their business model, product-market fit, international sales, scaling and fundraising with the help of a broad network of mentors from the Startup Wise Guys family and Swedbank. 

The second Fintech batch will be managed by Managing Director Lone Jensen (Denmark), Program Manager Evita Kreile (Latvia) and Fintech Program Director Juan Alonso-Villalobos (Spain) as the strategic driver.

With 100 investments in early-stage startups, Startup Wise Guys is one of the top investors in the broader CEE region and Nordics. To help tech startup founders become true entrepreneurs, they are running a world-class boutique startup accelerator since 2012. They have accelerated more than 100 startups in 11 cohorts, focusing on B2B SaaS and Fintech early stage startups. The Startup Wise Guys portfolio has already achieved 1 major exit and overall startup survival and success rate is above 77%.