Standard Chartered and SuperCharger have announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.
The SuperCharger Fintech Accelerator Programme is a partnership between Standard Chartered, together with Baidu as well as TusPark Global Network. The programme was launched in October 2015 to find top Fintech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia.
The programme has reached its first significant milestone in its journey to creating Fintech partnerships, Financial Services (Finserv) collaborations and fund raising opportunities. The Demo Day showcased in front of over 250 attendees the three key performance indicators of the programme:
FinTech x FinTech Partnerships
Gatecoin, an early stage start-up has partnered with MicroCred, one of the later-stage Fintech companies, further confirming the potential strength of the programme’s unique structure of accepting both early start-ups and later-stage growth companies at the same time. This partnership allows Gatecoin to scale beyond Asia into Africa.
FinTech x FinServ Collaborations
Amareos has confirmed its relationship with Thomson Reuters, exemplifying how Fintech start-ups can empower traditional financial services firms by reinventing the competitive edge and innovative spirit of new opportunities.
Fund Raising Opportunities
MicroCred has closed a $ 71 million of capital investment round within the last two weeks of the programme. The funds raised will be used for the expansion of MicroCred in China and the development of their internet finance strategy.
«Standard Chartered is proud to have concluded its first accelerator programme jointly with Supercharger in Hong Kong. We had great cross-industry collaboration from different players in the Hong Kong and China FinTech ecosystem and it provided the start-ups with opportunities to build on their strategies and businesses,» said Anju Patwardhan, Standard Chartered’s Global Chief Innovation Officer.
