For FinTech Innovation Lab Asia-Pacific 2021, Accenture selects 3 SEA startups

Ila Dhond06/09/2021

281 1 minute read

Accenture, a global professional services firm, has recognized three Southeast Asian fintech companies among the 11 that have been chosen for the 2021 FinTech Innovation Lab Asia-Pacific program.

The startups are:

Alpha Fintech (Singapore)

Through a single solution ecosystem, standardized into one abstraction layer, the startup enables merchant service providers to access any product provider across the merchant service lifecycle. This allows providers to monetize hitherto untapped data assets, allowing for easier cross-selling and improved risk management in their financial portfolios.

Perx Technologies (Singapore)

The company is a category-defining lifestyle marketing SaaS platform that enables corporate and digital-native businesses to create tailored, last-mile interactive digital experiences that generate income in the mobile-first economy.

PT Ayopop Teknologi Indonesia (Ayoconnect) (Indonesia)

Ayoconnect, Indonesia’s biggest API marketplace, and top financial APIs provider, creates and administers the infrastructure for integrated finance while also allowing developers and businesses to pick from a variety of financial white-label goods.

Advanced Alternative Investment Systems Ltd (Canada), Asiabots (Hong Kong), CONTRENDIAN Limited (Hong Kong), Diginex (Hong Kong), IPification (Hong Kong), Lagoon (Israel), Qantev (France), and Seleya Technologies are among the other firms on the list (Hong Kong).

Accenture’s 12-week accelerator program offers fintech entrepreneurs mentoring from top financial institutions to help them fine-tune and expand their businesses. Since its inception in 2014, it has received over 1,350 applications, and its 59 alumni businesses have raised over $716 million in venture capital.

This year’s program, which received entries from 28 countries, is organized in cooperation with Hong Kong Cyberport, which is offering the businesses the option to join in the Cyberport Incubation Program (CIP). The two-year program will give a variety of business, professional, and mentorship assistance to chosen startups.

The initiative will come to a close in November, when participants will present their solutions to an audience of venture capitalists and banking sector executives at a virtual Demo Day.