Plug and Play’s European FinTech-focused accelerator has revealed the names of the eight startups selected for its sixth batch.
At the same time, Fintech Europe The platform has grown its partner base to 13 Financial Institutions since its inception in May 2018. Together with Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, Nexi, UniCredit, Aareal Bank, Abanca, Danske Bank, DZ Bank, Elo, UBI Banca, and Raiffeisen Bank International, the programme seeks to support innovation in the world of Financial Services.
“Even though Covid-19 has brought uncertainty to the market, it has also given way to a wide range of opportunities,” said Fernando Zornig, programme director of Plug and Play’s Fintech Europe programme. “Embracing innovation in finance is now more important than ever. We are seeing a lot of changes in Europe and I am confident that these solutions will help our corporate partners adapt to these changes faster.”
The startups selected will have a chance to interact with Plug and Play’s corporate partners and will have the chance to execute pilot projects and investment opportunities with these companies.
So let’s look a bit closer at the eight startups selected for the sixth European FinTech batch.
First out is ABAKA. We most recently wrote about the cutting-edge enterprise platform back in December 2019 when it secured a $6.5m Series A funding round. The company is using artificial intelligence to enable financial institutions to power outstanding digital retirement & savings solutions.
Next up we have CARTO. This startup has developed a spatial analysis platform that enables users to leverage data to optimise their business for use cases such as risk management, behavioural marketing and data monetisation.
Last time we wrote about the third company in the programme, Delio had just picked up £3.3m in a funding round. Now, it has a chance to keep innovating its highly configurable, white-labelled technology as part of Plug and Play’s sixth cohort. The technology enables financial institutions to create, scale and streamline their end-to-end private investment propositions.
Envio Systems has developed cloud-based building technologies to affordably transform any existing commercial buildings into smart ones, regardless of its size, age and infrastructure.
The next company may be well known among FinTech Global’s readers as Moxtra claimed a spot on the coveted WealthTech100 list earlier this year. At the time, Leena Iyar, head of marketing at the company, summed up its concept by saying, “Moxtra began its journey with a fundamental quest: reimagining business collaboration in the age of mobility. Observing people using consumer services for business conversations, our founders were inspired to provide a solution built for business from the ground up. This led to providing organisations with solutions to build and manage nonstop, high touch channels to their customers, under their own brand, to address the needs of today’s digital age.”
Next we have SESAMm. This innovative WealthTech company specialises in big data and AI for asset management. It builds analytics and investment signals based on 250,000 textual data sources worldwide using natural language processing and specifically emotions analysis.
Subaio is something of a veteran when it comes to accelerators. Back in 2018 it was picked to be a part of Salesforce Accelerate. Since then the white label subscription management service for banks has inked partnerships with companies like the Danish neobank Lunar. So what does Subaio do? The company identifies recurring payments, makes it possible to cancel unwanted subscriptions and notifies the customers about any changes. All from within the bank’s own environment.
Vizolution is the last company on the Plug and Play’s sixth European FinTech batch. The startup has developed a CX tech platform that enables enterprises to transform complex customer journeys, by replicating the qualities of face-to-face interactions remotely in their digital channels.
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