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Fintech Europe 2018

Fintech Europe 2018

Village Capital, PayPal, and Middlegame Ventures are collaborating to launch Fintech Europe 2018, a venture development program for entrepreneurs creating technological solutions that help financial institutions, financial markets, regulators and consumers interact with financial products and services in the digital age. Fintech Europe’s goal is to foster a new generation of fully compliant financial solutions tailored for the digital age centered on the financial health of institutions, consumers, and businesses.

This three-month program will support entrepreneurs with an award-winning program curriculum, 1:1 mentorship from sector leaders, and tailored engagements with over 100 potential stakeholders, strategic partners, regulators and investors. Selected companies will enjoy representation at Fintech conferences across Europe as well as targeted support from PayPal and Middlegames networks in Luxembourg, Berlin and Amsterdam. At the end of the program, the top selected companies will be eligible for an investment from MiddleGame Ventures.

The European Union (EU) is confronting a number of issues that have the potential to redefine the European financial landscape: from Brexit and MiFID II and PSD2 to increased global compliance requirements and new regulations on consumer protection and data ownership.

These changes mean that EU businesses face the prospect of changing regulatory environment, which in turn impacts the accessibility and affordability of financial services for consumers and SMEs.

While the regulations will ultimately lead to a more transparent consumer-driven  financial market – not just in the EU but globally – many of these changes have  been difficult and expensive for financial institutions and SMEs alike.

The magnitude of these changes means that in spite of the raft of FinTech advances over the last decade, both providers and consumers of financial services will need to spend time, effort and money to adapt.  This creates an enormous opportunity for entrepreneurs and innovators to create and scale solutions that help address everything from reducing compliance costs to improving banking data security, ultimately paving the way for a healthier financial system. Regulators and supervisors themselves can benefit from these changes and Fintech.

While some regulations increase  compliance requirements and costs for financial institutions and consumers, other regulations are liberating customer data and opening up a cross-section of services for increased competition and innovation, ultimately lowering the cost to both consumers and businesses.  For example, new standards around digital identities and data ownership are transforming the landscape for consumers, changing the way they bank online, transfer money, pay for goods and services, and manage their digital IDs.

Applications are now closed.

Village Capital, PayPal, and Middlegame Ventures are collaborating to launch Fintech Europe 2018, a venture development program for entrepreneurs creating technological solutions that help financial institutions, financial markets, regulators and consumers interact with financial products and services in the digital age. Fintech Europe’s goal is to foster a new generation of fully compliant financial solutions tailored for the digital age centered on the financial health of institutions, consumers, and businesses.

We are focused on companies using one or more of the following strategies in Europe:

  • Apply innovative technologies including blockchain, cloud computing, artificial intelligence, IoT, biometric tech, and machine learning to problems facing the financial system
  • Leverage 3rd party data sources to increase financial services and distribute benefits
  • Enable financial institutions to improve their compliance functions (e.g., KYC or AML)  or help institutions build more inclusive digital identities
  • Promote financial stability by empowering financial institutions to better comply and governments to better monitor European and/or global compliance and regulatory standards

Program Dates:

Workshop 1: April 16 – 19 (Berlin)
Workshop 2: May 14 – 17 (Luxembourg)
Workshop 3: June 11 – 14 (Luxembourg)

Eligibility – all companies must:

  • Have raised no more than $5M in outside investment
  • Have meaningful customer or business validation (not limited to revenue, can also be successful pilot studies, number of active or waitlisted users, and/or strategic partnerships)
  • Have a minimum viable product (MVP)
  • Currently be operating in/have ability to expand business in the European Union.

Benefits of joining the program:

During the Spring of 2018, Village Capital, PayPal and Middlegame Ventures will scale and support innovative Fintech ventures to foster a new generation of fully compliant financial solutions tailored for the digital age and centered on the financial health of retail and commercial consumers.

Network Building: Selected startups will participate in tailored engagements with key statkeholders, strategic partners and investors, as well as work deeply with relevant peers. Our process has been completed over 50 times, is proven to build more successful companies, and is recommended by 96% of our 500 alumni. At the end of the program, the top selected ventures will be eligible to receive $100,000 USD investment in from MiddleGame Ventures.

Partnership development: Fintech startups often rely on partnerships with large institutions, like banks, retailers, and other distributors to achieve scale. We will streamline this process, helping startups connect with decision-makers at large institutions that are seeking solutions around financial health. We will do this through:

  • Pre-committed advisory board members and ecosystem allies who are looking to partner with Vilcap companies
  • Business development sessions that bring in over 100 potential customers, partners, and stakeholders including experts

COMPANIES

AlgoReg

AlgoReg RegTech firm providing flexible and seamless end-to-end AML/KYC experience. Main features include video/photo on-boarding, name filtering, risk scoring

Cambridge Blockchain

Makes digital ID enterprise software for financial institutions, simplifying personal data management with the highest levels of privacy, security, & trusts

CoVi Analytics

CoVi Analytics simplifies and automates the end-to-end compliance process for financial institutions through an A.I. powered SaaS suite.

Cybertonica Ltd

Cybertonica uses Machine Learning and AI to reduce basket drop-off & increase conversion for all channels of e-payments and transaction platforms

DataSine

DataSine uses proprietary technology to build profiles that enable companies to extract meaning from their data, and deliver personalized products & services

DreamQuark SAS

Develops a software platform that democratizes the use of AI to deliver unmatched and interpretable results to bankers and insurers.

Huddlestock

Huddlestock opens up the hedge fund industry for everyone.

Just Technologies

Reinventing how companies trade foreign exchange by providing deliverable & deep-liquidity direct from the interbank market, for a superior experience

Neuroprofiler

Neuroprofiler is a behavioral finance game to help advisors assess the investor profile of their clients to improve MiFID II compliance

Paydrive AB

Paydrive is a digital insurance company for the modern consumer. Paydrive creates smarter solutions adapted for a modern, digital world

Railsbank

Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking with 5 lines of code.

ume

Regtech designed to respond to asset management industry demands for an effective automated & mutualized framework for the due diligence of fund distributors

PARTNERS

ECOSYSTEM ALLIES