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Fintech

Twelve startups will represent Ireland in the Final of StartUp Europe Awards

More than 25 startups from four geographical regions all over Ireland were competing for a prestigious StartUp Europe Awards in the Bank of Ireland Startup Awards.

The organizer received more than 30 applications from Dublin to Munster or Ulster. All the category winners will receive a package of advertising space with Independent Newspaper valued at 8.000 euros in a legal service package valued at 7.000 euros.

EnergyElephant, Energy categories winner, has thevision to help people make better energy decisions by helping them understand their energy data. Deciding on investing in renewable energy or energy efficiency technology is hard, so they solve this problem by allowing anyone on the planet simply uploand their energy bills to our platform to discover savings.

For the Cyber securitycategory, the winner is Corrata, specialized in providing an enterprise mobility solutions to organizations globally by providing them with technology which protects their organization from the risk associated with their employees use the mobile devices without compromising their employee’s user experience.

Glissed, the biggest online platform for freelance beauty profesionals wins the Fashion category. They allow freelance hair stylists and makeup artists to give the customers the ability to book beauty appointments to their home, hotel or office outside of salon hours. Their vision is to take the freelance beauty industry online.

For the Green category, Swiftcomply, with the vision to simplify environmental compliance for more sustainable communities. They help restaurant and chef producing good food and protecting the environment at the same time.

At Gastronomy category, the winner is The Irish Biltong. This startup produces high protein sliced beef snack food, for the on-the-go individuals. These snacks contain a high concentration of healthy nutrients, are low in sugar and low in fat. It is made from their own grass fed Irish beef.

Popertee is Creative category winners. They build artificial intelligence that matches the perfect audience with the perfect location, enabling brands to discover and book spaces for their marketing and retail campaigns.

In Smarth Cities, SmartTrace win this category. The startup wants to remove world “WASTE” from dictionary – Waste is just a resource that we are not harvesting because of lack of understanding and ignorance of its value. We want to change perception of waste from nuisance to valuable feedstock, delivering triple bottom line to manufacturing companies, financial gains, compliance and huge environmental impact. SmartTrace is a new standard delivering circular economy.

Yedup, the winner of Fintech, develop ultra-fast mathematical algorithms to power the next generation in AI technology.

Medimee is going to represent Ireland in e-Health category.  Their objective is to help save lives and enhance health & safety in the workplace, knowing your vital emergency medical information can be communicated even if you cannot, through the simple use of technology.

Aidtech is the winner in Social category. This startup wants to leverage blockchain technology to increase the transparency & efficiency of the delivery of funds, resources & social services.

In the Legal category, the winner is Courtsdesk, with a breaking news service and research database for case details across all UK and Ireland court levels, and in future, the world. With a research tool, the platform allows users to monitor companies and people for involvement in litigation, for example.

To finish, Studybundles wins Edtech category. They sell a software as a service solution to universities, colleges, and schools globally.

StartUp Europe Awards is promoted by the European Commission and supported by the President of the Committee of the Regions, several members of the European Parliament as Ambassadors and it is implemented by Finnova Foundation in collaboration with Startup Europe.

 

 

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Financial technology startups are invited to apply for the Rietumu Fintech Challenge 2017!

On April 26, Riga will host the biggest competition in the Baltics for startups developing financial technologies (FinTech). Rietumu Banka established the competition two years ago, and it is currently the largest event in the region. Thanks to the initiative of Rietumu Banka,many startups are now motivated to develop and improve the FinTech environment. The main prize on offer in the Rietumu Fintech Challenge 2017 is EUR 5,000. Register* until April 7 here.

Last year, 25 startups applied to take part in Rietumu Fintech Challenge 2016. The winner of the main prize was Nordigen, a startup from Latvia – a tool helping lenders to automatize the data analysis of borrowers’ bank printouts.

According to Roberts Bernāns, Development Director of Nordigen, “The Rietumu Fintech Challenge is a valuable event, because FinTech culture in Latvia is very active. It is good that big companies are providing support for such initiatives. Especially so, when the support comes from Rietumu Banka which also helps startups to function using the platform it provides. In preparing for the competition last year, we had a defined technology, but we lacked a clear understanding of its applicability. However, the presence of many mentors from the banks and other large financial enterprises gave us the chance to understand whether our service was useful and appropriate for them. Moreover, the large number of foreign experts involved helped us to understand whether our service was viable beyond the borders of Latvia. Our success in this competition is our quality mark and a reference we often use in order to increase the credibility of our brand.”

This year, the involvement of more participants from all the Baltic States, Scandinavia and Russia is expected. As previously, the jury will assess the submitted applications. After all applications, have been reviewed, the strongest startups will be selected for the final. The finalists will have the opportunity to spend a full day working with FinTech industry experts and mentors. These experts will share their advice and experience to encourage the teams to formulate their future vision of their product and business in general as precisely as possible, as well as to prepare the startups for the presentation to investors at the end of the day.

The Rietumu Fintech Challenge 2017 is organised by the Latvian Startup association StartinLV in collaboration with Rietumu Banka.  Both parties signed the collaboration agreement at the beginning of 2017. Previously, Rietumu Banka has actively supported different initiatives of startups, for instance, participating in FinTech Club – the series of closed events specially organised for startups working in financial technologies.

Jevgēnijs Djugajevs, Board Member of Rietumu Banka explains that, “Launching a successful FinTech project is complicated. The need to deal with real money and reveal private financial information means that user requirements in regard to new solutions are often high. While it is possible to create something unique, the company should not only be thinking about launching a product; it also has to ensure the product’s reliability and security. It is important to comply with regulations and to avoid bankruptcy. Sometimes companies launch an unfinished project expecting to deal with emerging problems on the go. In our field, this is almost impossible. Therefore, the Rietumu FinTech Challenge has a professional jury that can guide entrepreneurs in the right direction, help them find solutions to problems, and last but not least, to identify the leader amongst the crowd.”

Jekaterina Novicka Chairperson of the Board of Latvian Startup Association says, “We are truly glad that through the Rietumu Fintech Challenge, we can showcase Latvia as a platform able to attract financial technology industry teams from all over the region. It is also a unique opportunity for Latvian FinTech startups to learn, establish contacts and further cooperate with internationally recognized experts. The Rietumu Fintech Challenge is a fantastic chance to understand and exploit the advantages offered by banks.”

Rietumu Fintech Challenge 2017 welcomes applications from startups that already have working product or its prototype.  The product must be appropriate for use in the FinTech field. From all the applications, the jury will select the strongest startups, which will then be invited to take part in the all-day mentoring session and compete for the main prize. Register* until April 7 here: https://www.f6s.com/rietumufintechchallenge2017/apply

*In order to register for the Rietumu FinTech Challenge 2017, it is necessary to create a startup profile using the free platform http://f6s.com. Afterwards, you can fill in the questionnaire and to register for the competition. If you have any questions regarding registration, please do not hesitate to contact the project manager Aļona Beļinska by e-mail: alona@startin.lv

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