Fintech Europe Selects Nine Startups for its Inaugural Batch

FRANKFURT, Germany, July 9, 2018 /PRNewswire/ -- Fintech Europe, Plug and Play's newest innovation platform, based out of Frankfurt, Germany, announced today the nine startups selected for its first batch. With Deutsche Bank and TechQuartier as the founding partners, this platform aims to create a multi-corporate Fintech program, running two 12-week accelerator batches a year.

After screening over 200 applicants, the final selection of nine startups have been accepted into Fintech Europe, which aims to facilitate pilots, POCs, and business development opportunities for the financial institutions and startups participating. 

"Based on the success of our stage-agnostic and multi-corporate innovation platforms in California, we are proud to extend this model to Europe, providing proximity to many of our existing and prospective corporate partners in the financial sector. In the last few months, we launched our Fintech program and partnered with six leading financial institutions. This is a great start to our journey and we look forward to launching a successful program alongside our corporate partners," says Omeed Mehrinfar, Managing Director EMEA, Plug and Play. 

Throughout the duration of the program, startups will be introduced to Plug and Play's corporate partners and have the chance to work with their different business units to evaluate pilot projects and investment opportunities with these companies. There is no cost for the startups to be in the program and they will remain part of the ecosystem even after graduation.

The nine companies are as follows:

Alcméon - Augmented customer service, social media marketing and selling, all in one solution.

AlgoDynamix - Financial risk forecasting and advance warning of major directional market movements. No historical data required.

DreamQuark - Detect rare phenomena in a wide variety of unstructured data types (images, texts, audio files, etc).

Giromatch - A direct lending solution for banks, white label and fully automated.

Handcheque - All payment and loyalty cards in one Bluetooth touchscreen e-paper card.

OpenLegacy - API integration platform. Create APIs in minutes, deploy as projects in days or weeks.

OptioPay - Convert payments into higher value gift cards: salaries, bonuses, refunds, payouts, claim settlements.

Valoo - Personal inventory for belongings - register, estimate and insure anything you own, whenever you want.

Voxo - Auto-summarized meetings: get key information on an interactive audio-transcript.

About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com

Plug and Play Contact
Fernando Zornig
fzornig@pnptc.com

SOURCE Plug and Play