10 Apr Recap: Startupbootcamp Fintech & CyberSecurity Demo Day 2017
This past Friday, 7th April 2017, several Holland FinTech team members visited Rabobank Headquarters in Utrecht to attend the Startupbootcamp Fintech & CyberSecurity Demo Day 2017: New Waves, which showcased the 11 innovative start-ups and 1 ‘Scale-Up in Residence’ that took part in the intense three-month, Amsterdam-based accelerator programme.
New Waves | New minds, new energy, new opportunities
The hard work of the 11 innovative start-ups and 1 ‘Scale-Up in Residence’ that took part in the inaugural Startupbootcamp Fintech & CyberSecurity accelerator programme came to a culmination this past Friday, April 7th at Rabobank headquarters in Utrecht, the Netherlands. Several Holland FinTech team members were in attendance to witness the impressive showing of start-ups; and, as a partner of Startupbootcamp Fintech & CyberSecurity, were particularly keen to see the results of this demanding programme.
The theme of the Demo Day event – New Waves – aptly captured a central objective of the Startupbootcamp accelerator programmes – that is, to support innovative ideas that have the capacity to transform the industry and create a more secure world. This was Startupbootcamp’s first-ever combined Fintech & CyberSecurity programme worldwide, and Amsterdam offered the ideal location to bring together these 12 companies for three months of rigorous mentorship and training provided by more than 150 mentors, partners, and investors from across the global fintech space. The Demo Day Event marks the programme finale by giving participating start-ups a one-of-a-kind opportunity to pitch their innovative solutions in front of an audience including hundreds of investors, partners, and mentors.
The event kicked off with welcoming remarks from Ralf Dekker, Rabobank Executive Board Member, and Startupbootcamp CEO, Patrick de Zeeuw. Then, artist and philosopher, Koert van Mensvoort from the Next Nature Network, took the stage to inspire guests with a keynote address outlining his vision for the future and introducing his innovative concept – Ecocoin. After that, it was time for the programme’s Managing Director, Michael Dooijes, to offer his words of welcome, and officially commence the Demo Day start-up pitches.
The first pitch given was Flymble (Netherlands), an online platform that makes travel easier, more accessible, and more affordable, by enabling flight booking via social networks and giving users the option to spread costs into monthly payments. Flymble is now generating bookings in open beta, and has so far raised significant interest from the professional investment community. To conclude the pitch, the promising Dutch start-up announced plans to launch in the UK this coming August. Next came Milestone (Netherlands), the start-up that employs a data-driven approach to deliver tools that help investors to understand, execute, and manage marketplace-lending investments. Milestone is the first aggregator of peer-to-peer (P2P) crowdfunding platforms in continental Europe that is focused on sophisticated investors.
The third start-up pitch came from Schluss (Netherlands), the social impact cyber security and privacy start-up that is on a mission to ensure that you – and only you – are in control of information about you that is accessible on the Internet. Schluss is currently conducting a pilot with a consortium including Rabobank, KPN, NIC ICTU (Northern Ireland Committee, Irish Congress of Trades Unions), the Dutch Chamber of Commerce (KvK), and Tymlez, a start-up specialised in blockchain technology for enterprises. WolfWay (Italy) took the stage after Schluss, explaining how its innovative solution is able to unveil unique investment opportunities by analysing market dynamics based on investor behaviours. WolfWay enables its users to follow individuals and groups of individuals to make better investment decisions; and the Italian start-up has already seen amazing results, including more than 3,000 investors helping it toward 26% increased returns.
Virtual Broker (Bulgaria) was up next to pitch its technological solution that is bringing insurance intermediaries into the digital era by offering them a smart back-office system, an online sales platform, and a mobile app. The Bulgarian start-up has already successfully established an agreement with a European insurance intermediary that operates 50 offices and 12 websites, and has also received more than a dozen other Letters of Intent from other intermediaries. Last on stage before the break was SeedWise.Capital (Netherlands), a new fund specifically for secure digital currency investments that strives to decrease the risk associated with trading in Bitcoins.
After a short break for refreshments and networking, the second round of pitches was kicked off by Spendolater (UK), a start-up that is helping financial institutions better engage millennial consumers by offering micro investments through its mobile application – Limitless. The Limitless app is ready for pilot with three Letters of Intent signed so far. After Spendolater, Encedo (UK) impressed the crowd with its encryption-as-a-service (EaaS) tool, which it promises will protect any kind of data on any device with any operating system, anytime, anywhere. Next in line for its moment in the spotlight was M-vendr (UK), a simplified, cost-effective pre-paid value, remittance and financial services delivery platform. The firms operations are focused on improving financial inclusion throughout Africa through its white label Mobile Point of Sale. M-vendr proudly reported that is now serves more than 22 clients across 15 countries, comprised of 40,000 active M-POS users, and over GBP 3 million in monthly transactions already processed via the platform.
After M-vendr, POM (Belgium) was centre stage to pitch its mobile app that enables quick and secure payment and archiving of invoices. POM, which stands for Peace of Mind, has seen enormous traction since joining the accelerator programme, including 30,000 app downloads thus far, as well as several agreements in the works with leading banks to integrate POM into their mobile banking apps. ‘Automate your money and be free.’ That is the motto of Budgently (Netherlands), the last of the eleven start-ups that made up the Startupbootcamp Fintech & CyberSecurity Class of 2017. Bank-independent personal finance assistant, Budgently, is a solution created for millennials, by millennials. This creative Dutch start-up has already seen success, having obtained an additional EUR 20,000 while taking part in the programme as winner of The Hague Innovators 2017 Award.
Last but certainly not least was scale-up in residence, iProov (UK), which delivers secure online authentication through its patented One Time Biometric technology. CEO Andrew Bud explained how iProov uses machine learning to deliver top-notch facial recognition with effortless face matching that is been uniquely protected from spoof, replay, and hacking attacks. With iProov, flash identification is carried out via unique, one time colour code sequences. The scale-up in residence has seen outstanding results so far and is currently raising GBP 3 million for commercial growth. iProov is hungry to achieve its ambitious goal of becoming a GBP 1 billion company within five years.
With the final pitch made, it was time for Startupbootcamp Fintech & CyberSecurity Demo Day 2017 to draw to a close. Managing Director of Startupbootcamp Fintech & CyberSecurity, Michael Dooijes, took the finale moment to thank several team members who were essential to the programme’s success before calling the scale-up in residence and all eleven start-ups on stage on final time for celebratory streamers and a group photo. Once the photos had been made, the crowd made its way to the lobby to enjoy a meet and greet with the start-ups, plus networking and drinks.
About Startupbootcamp • Startupbootcamp FinTech & CyberSecurity
Founded in 2010, Startupbootcamp is a global startup accelerator with 18 programmes in Amsterdam, Barcelona, Berlin, Istanbul, London, Miami, Mumbai, New York, Rome, Chengdu, Singapore, Mexico City, and Eindhoven. These programmes take start-ups to the global stage by giving them direct access to an international network of the most relevant partners, investors, and mentors in their sector in more than 30 countries. 79% of the Startupbootcamp alumni teams are still active and 71% have gone on to raise additional funding from many of the world’s leading VCs and angels. Launched in 2017 in Amsterdam, Startupbootcamp FinTech & CyberSecurity Programme is the leading accelerator of its kind. Its partners include Rabobank, ING, ABN AMRO, de Volksbank, Moneyou, Knab, Aegon, VIVAT, NN Group, Delta Lloyd, PGGM, Achmea, de Nationale Politie, Athlon, PwC, Clifford Chance, Holland FinTech, B. Amsterdam, StartupDelta, Venture Metrix, Lubbers De Jong, The Talent Institute, and Innoleaps.
Want to relive the festivities with a final taste of the Demo Day event? Check out the photos in the Startupbootcamp Fintech & CyberSecurity Facebook photo album by clicking here. Stay tuned for the Startupbootcamp Fintech & CyberSecurity 2017 Demo Day after movie!