Applications are open to Rietumu FinTech Challenge by TechHub Academy

Following the tendencies of finance markets and development of IT technologies, the very first Rietumu FinTech Challenge by TechHub Academy in Latvia takes place on April 28th. It will offer business mentoring and pitching opportunities to startups, who develop products and services in finance sector, and likewise open a fight for the main prize � 5000� from the main partner Rietumu Bank.

Do you develop a service that will strengthen money transactions or facilitate money exchange? Or does your product improve the way how the stock market works? Rietumu FinTech Challenge is after you, the innovative startup who�s ready to work, conquer global markets and change the finance world. The participants will have a chance to receive mentoring from bank and finance experts, meet new partners and investors and pitch their ideas to judge panel.

Apply here:

�In last years fintech has become a hot topic for startup scene. We hear about some disruptions, yet there is still space for improvement, as financial industry is starting to change along with the new technologies. Startups like Holvi, Trustly, TransferWise have attracted significant amounts of funding and are becoming more widely recognized and valued � it makes us believe the Baltic-Nordic region is still hot and full of great ideas. We want to draw these startups out from the dark and see what other cool and crazy ideas are going to challenge the fintech industry in nearest time. Big or small ideas, we challenge you to apply!�Alise Lezdina, TechHub Riga CEO, comments. She notes that Fintech Challenge is looking for teams who have strong product or service vision and broad market options and who are not afraid to stand for your business but are also willing to learn.

If you�re the one � apply! Applications are open till April 3rd, and there are just 6 spots available in the contest!

The participants as well will fight for the main prize � 5000�, awarded by the main partner Rietumu Bank. Thus, not only you will receive 1-on-1 consultations and pitch your ideas to judges, but also gain a financial support to develop your business after the challenge.

�Innovations in FinTech in the modern market of financial services cause invariably high interest with advanced banks, striving to strengthen their leadership in the industry, by providing their clients with the most modern and qualitative services in a convenient and efficient form in any place and at any time,� Renat Lokomet, Member of the Board of Rietumu Bank, says. 'We, at Rietumu Bank, are sure that the synergy between the traditional banking sector and the FinTech field is huge, and we consider our participation in the organisation of the contest to be an important step in the active support of innovations in financial services and e-commerce, as well as new promising projects in general. And successfully implemented Baltic projects are the manifestation of the high potential of local startups on the global market.�

Rietumu FinTech Challenge by TechHub Academy is organized by the foundation TechHub Riga, the first and leading IT and tech startup co-working space that daily accommodates more than 30 startups and organizes various tech and startup related events, such as Monthly Meetups and TechHub Startup Academy.

Rietumu Bank is the leading private bank in Latvia, specialising in corporate banking and wealth management. Rietumu Bank provides a complete spectrum of modern financial services, including the organisation of businesses of clients in the internet environment. It is the organiser of the biggest international conference in e-commerce in the region, eCom21.

The contest is supported by Microsoft, LatBAN, Labs of Latvia and Latvian Guarantee Agency (the project of �Support for startup education and workshop organization�).