Luxembourg’s FinTech sector is booming and Catapult: Kickstarter Fall Edition 2021 is here for it. The LHoFT Foundation has selected 10 FinTech startups which will participate in the two-week digital program where they will get the opportunity to develop their business and win €50.000 in subsidies. Open to interested parties, the final pitching event will take on 26 November.
Having received 187 applications – 74% than the first edition of Catapult: Kickstarter – it is no overstatement to say that FinTech remains a hot topic in Luxembourg’s ecosystem.
“The 10 selected Fintech firms are all exciting businesses with high relevance to the Luxembourg financial centre, addressing some key challenges and opportunities for local actors. It is great to have such an application boom following on from the first edition of the program,” says Nasir Zubairi, CEO of The LHoFT.
Opening on 15 November, the Fall 2021 digital edition of Catapult: Kickstarter comes packed with exciting candidates, both national and international. During this second edition of the program, the 10 FinTech startups will get a chance to develop their business models with a special focus on scaling and managing risks.
Open To The Public
Developed by the LHoFT Foundation and supported by Luxembourg’s Ministry of the Economy, the program is firmly aligned with Luxembourg’s goals of establishing itself as a leading startup nation in Europe. The increased applications and international interest speak for themselves.
“In line with the aims of the Ministry of the Economy, Catapult: Kickstarter enhances the Luxembourg startup and digital ecosystem by enabling young innovative companies active within data, AI, Fintech and cybersecurity, to partner with the financial services industry,” says Franz Fayot.
The selected startups will get to partake in a wide range of activities, including classroom tutorials, customer discovery, one-on-one meetings with experts, pitching sessions and more. They will also meet multiple partners including Luxembourg For Finance (LFF), Expon Capital, and Middlegame Ventures (MGV).
The final pitching event will take place November 26 and is open to the public. The five winners will be able to access up to 50,000 EUR in subsidies from the Luxembourg Ministry of the Economy, based on the fulfilment of eligibility criteria.
The 10 Selected Fintech Startups of the Catapult: Kickstarter 2021 Fall Edition
Cent Finance
United Kingdom – Cent acts as the gateway to the growing world of Decentralised Finance (DeFi), it allows users to understand, explore and invest in digital assets, responsibly. It also provides an alternative to financial services offered by traditional banks like lending, borrowing, saving and sending/receiving. Although DeFi applications are growing at an accelerating rate, user acquisition has been from existing cryptocurrency investors, a small portion of the total addressable market (only 1 in 4 crypto users invest in DeFi).
Find out more → cent.finance
digitalUs
Luxembourg – The digitalUs technology developed at the SnT Research Center of the University of Luxembourg provides a solution to automate, and significantly speed-up the background screening process of individuals. It relies on a novel methodology to match the same entity across multiple publicly available data sources.
Find out more → digitalus.io
Finanzmining
Germany – Finanzmining creates real-time business insights into consumers and enterprises derived from their bank accounts. Finanzmining real-time insights include a rich set of financial fitness and stability analytics of businesses and consumers, behavior analysis of businesses and consumers, financial forecast (e.g. of cash flow, P&L, “BWA”, etc.), business process analysis, signals based on interest and demand of businesses and consumers, consumer targeting, consumer reward processing, financial performance against peer groups, and much more. Finanzmining services are available via real-time API, offering analytics-as-a-service and white-labeled applications for a quick start without any IT effort.
Find out more → finanzmining.de
FLEXVELOP – BNPL+ Fintech
Germany – Flexvelop combines financial technology with a circular economy. Therefore, Flexvelop offers more than financial transactions, but a new way of funding equipment and flexible business growth. As the next generation payment solution for business equipment vendors, b2b customers are now able to flex new business critical equipment right at the point of sale (local + online).
Find out more → flexvelop.com
FUNDSaiQ
United Kingdom – FUNDSaiQ provides a SaaS based, AI / Machine Learning powered, B2B platform for financial advisors, empowering them to identify, select and monitor the best performing mutual fund managers in the market.
Find out more → fundsaiq.com
goscore+
Norway – goscore+ brings a human credit scoring to private customers using modern ML technology and data enriched with PSD2 customer transactions. goscore+ delivers solutions and services to banks, insurance, retail companies to help them make the right credit decisions, personalize existing and develop new products, get more customers without marketing budget changes, as well as reduce loan default rate.
Find out more → goscore.me
Schwarzthal Tech
United Kingdom – Schwarzthal Tech is building solutions to tackle financial crime using AI and advanced algorithms. The platform, Wunderschild, revolutionises compliance and investigation techniques. It provides intelligence solutions based on network assessment, data linkage, flow aggregation, and machine learning.
Find out more → schwarzthal.tech
Thread Labs
France – Thread Labs developed an AI-powered collaborative investment research platform, specialized in integrating ESG in traditional equity research.
Find out more → threadlabs.co
Trensition
Belgium – Trensition is a trend analytics and forecasting company that builds upon a revolutionary and 100% data-driven methodology. The Trensition platform automates trend research and provides detailed trend & market insights tailored to the specific business context of companies.
Find out more → trensition.eu
Velotix
Israel – The Velotix Data Governance & Orchestration Platform is unlocking Data and making it usable while adhering to compliance policies and enhancing business performance and operational efficiency.
Find out more → velotix.ai
